Universal Charge
UC-Stranded Debts and UC-Stranded Contract Costs

The Universal Charge (UC) Stranded Debt (SD) of National Power Corporation (NPC) refer to any financial obligations of NPC which have not been liquidated by the proceeds from the sales and privatization of NPC assets. (Section 4 vv, EPIRA).


The UC Stranded Contract Costs (SCC) of NPC , on the other hand, refers to the excess of the contracted cost of electricity under eligible contracts over the actual selling price of the contracted energy output of such contracts in the market, which contracts shall have been approved by the then Energy Regulatory Board as of 31 December 2000 (Section 4 vv, EPIRA).

  1. UC-SCC

    • PSALM filed the following petitions before the ERC for its resolution for the availment of the Stranded Contract Costs share in the Universal Charge:
    • Particulars/ ERC Case No. Date Applied Purpose Amount Applied
      PhP Billion
      No. 2015-139 RC 24 July 2015 CY 2014 UC-SCC Availment 7,354,563,448.91
      No. 2017-066 RC 06 July 2017 CY 2016 UC-SCC Availment 3,686,192,736.05
      No. 2018-088 RC 1/ 31 July 2018 CY 2017 UC-SCC Availment 5,228,678,356.46
      Total 16,269,434,541.42

      1/ Undergoing process of Public Hearing

  2. UC-SD

    • PSALM filed the following petitions before the ERC for its resolution for the availment of the Stranded Contract Costs share in the Universal Charge:
    • Particulars/ ERC Case No. Date Applied Purpose Amount Applied
      PhP Billion
      No. 2013-195 RC 07 Aug 2017 MR for CYs 2011-2012 UC-SD 21,400,744,738.17
      No. 2015-144 RC 30 July 2015 CY 2014 UC-SD
      True-Up Adjustment
      1,352,226,934.15
      No. 2016-150 RC 1/ 30 June 2016 CY 2015 UC-SD
      True-Up Adjustment
      27,670,386,541.73
      No. 2017-069 RC 1/ 31 July 2017 CY 2016 UC-SD
      True-Up Adjustment
      34,642,180,036.26
      No. 2018-087 RC 1/ 31 July 2018 CY 2017 UC-SD
      True-Up Adjustment
      11,804,635,030.22
      Total 96,870,173,280.53

      1/ Undergoing process of Public Hearing


    The ERC approved the following UC SCC and SD applications of PSALM:

    UC Application Applied
    Amount
    (PhP Bn)
    Approved
    Amount
    (PhP Bn)
    Date Filed Date of ERC
    Approval
    Date of Receipt
    by PSALM of Approval
    2007-2010 SCC 74.30 53.85 28 Jun 2011 28 Jan 2013 19 Feb 2013
    2011-2012 SCC 17.69 11.00 31 Jul 2013 06 Jul 2017 21 July 2017
    2013 SCC 4.08 1.88 30 Jul 2014
    2007-2010 SCC MR 8.55 8.55 06 Mar 2013 22 May 2018 24 May 2018
    Sub-total SCC 104.61 75.28
    2011-2012 SD 41.14 24.20 30 Sep 2013 27 Jun 2017 21 July 2017
    Sub-total SD 41.14 24.20
    TOTAL (PhP B) 145.75 99.47