Friday, May 27, 2011

NGCP now WESM Metering Services Provider

The National Grid Corporation of the Philippines, represented by Board Director and Chief Administrative Officer Anthony Almeda (3rd from left), is awarded by the Energy Regulatory Commission a certificate of authority as WESM Metering Services Provider. Also in photo (from left): ERC Commissioners Alejandro Barin, Maria Teresa A.R. Castaneda, Jose Reyes, NGCP Chief Executive Adviser Shan Shewu, ERC Chairperson Zenaida Ducut, NGCP Board Director Paul Sagayo, and Commissioner Rauf Tan.

MANILA, Philippines (Mindanao Examiner / May 27, 2011) – The National Grid Corporation of the Philippines (NGCP) said Friday it was granted the authority to be a ‘Wholesale Electricity Spot Market Metering Services Provider’ in the country.

It said Energy Regulatory Commission Chairperson Zenaida Ducut awarded the certificate of authority on May 23 to NGCP through its Board Director and Chief Administrative Officer Anthony Almeda.

The certificate finalizes the provisional authority previously granted to NGCP as metering services provider.

Provision, operation and maintenance of revenue metering facilities are utility functions that the National Transmission Corporation assumed from the National Power Corporation as mandated by R.A. 9136, or the Electric Power Industry Reform Act (EPIRA).

NGCP, the private concessionaire of the transmission network since 2009, then became the de facto metering service provider of NPC and other energy suppliers for the purpose of billing their energy sales to their customers.

With the operation of the WESM, NGCP has rehabilitated and upgraded the metering points from the Luzon, Visayas, and Mindanao grids to distribution utilities and other load customers to make these metering facilities “WESM-ready.”

Meter boxes, back-up meters, and revenue meters for substations are some of the metering structures that have already been replaced and enhanced.

The Automated Meter Data Retrieval System is also in place to satisfy the requirement of the WESM for the daily delivery of load profile-type of meter data from all metering facilities.

NGCP is now headed by Henry Sy, Jr. as its President and Chief Executive Officer. Sy also heads several corporations under the Sy Group of Companies, including SM Development Corporation which was recognized by the Asian Wall Street Journal as the 9th most admired corporation in the Philippines for 2010.

He is the son and namesake of mall, retail, real estate, and banking magnate Henry Sy, Sr.

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