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(Over)/Under-Recovery
= Allowable Generation Revenues Actual Generation Revenues = (Allowable Generation Rate Actual Implemented Generation Rate ) x kWh sold
(Over) Recovery: Actual Generation Revenues > Allowable Generation Revenues Under Recovery: Actual Generation Revenues < Allowable Generation Revenues
using the formula prescribed by the Guidelines for the Automatic Adjustment of Generation Rates by Distribution Utilities (AGRA)
Sample Computation
Generation Rate for February Assuming:
Power Purchased from IPPs for January: IPP1 = P50,000,000.00 for 5,000,000 kWh IPP2 = P100,000,000.00 for 25,000,000 kWh IPP3 = P70,000,000 for 10,000,000 kWh PPD Availed = P3,000,000.00
GR = [(P50M + P100M + P70M) 50%(P3M)] / (5M + 25M + 10M) =(P220M P1.5M)/40M kWh =P5.4625/kWh
Generation rate computed using the AGRA formula (Nov.Dec. 04) 2005 - 2011: Generation rate computed using the AGRA formula
generation costs Rise/fall of monthly kWh sales Generation charges not passed on due to dispute Adjustments not passed on to avoid violation of the AGRA guidelines
To illustrate
GENERATION Total Amount Due Net of VAT 50% PPD Pilferage Recoveries Net Generation Cost kWh Purchased Allowable Generation Rate kWh Sales Allowable Generation Cost Actual Implemented Rates Actual Generation Revenues Generation (Over)/Under Sep '11 303,622,195.80 911,445.72 302,710,750.08 56,041,054 5.40 48,182,758 260,263,463.55 5.15 248,068,929.56 12,194,533.99 Oct '11 296,772,698.45 310,069.26 296,462,629.19 53,346,981 5.56 46,359,697 257,632,530.15 5.40 250,416,539.86 7,215,990.29 Nov '11 316,441,798.95 306,440.64 316,135,358.31 56,622,220 5.58 48,798,980 272,456,343.60 5.55 271,068,574.10 1,387,769.49 Dec '11 304,840,907.06 48,586.36 304,792,320.70 55,228,259 5.52 47,731,034 263,416,824.75 5.58 266,491,909.03 (3,075,084.28)
(Over) Recovery: Actual Transmission Revenues > Allowable Transmission Revenues Under Recovery: Actual Transmission Revenues < Allowable Transmission
follows: TR = Transmission Cost Net of VAT and 50% Power Factor Discount / Total kWh Purchased
Sample Computation
Transmission Rate for February Assuming:
Transmission Cost of NGCP IPPs for January: Trans. Cost Net of 100% PFD = P40,000,000.00 PFD = P2,500,000.00 VAT = P3,000,000.00 kWh Purchased = 40,000,000 kWh TR = [(P40M) + 50%(P2.5M) P3M] /40M kWh
=P38.25M/40M kWh =P0.9562/kWh
formula
unbundled transmission cost versus allowable generation cost 2007-2010: Annualized computation of transmission rates 2011: PFD Treatment Others:
One-month lag in the implementation of
(Over) Recovery: Actual System Loss Revenues > Allowable System Loss Revenues Under Recovery: Actual System Loss Revenues < Allowable System Loss Revenues
follows, using the formula prescribed by the Guidelines for the Automatic Adjustment of System Loss Rates by Distribution Utilities
Sample Computation
System Loss Rate for February Assuming:
GR = P5.4625 TR = P4.9562 SL% = 12% SL cap = 13% SLR = P5.4625 (0.12/1-0.12) + P0.9562 (0.12/10.12) = P0.7449 + P0.1304 = P0.8753
unbundled system loss rate versus allowable generation cost 2005 onwards
One-month lag in the implementation of
generation costs Rise/fall of monthly kWh sales Effect of generation charges not passed on due to dispute Effect of adjustments not passed on to avoid violation of the AGRA guidelines