NPC-SPUG definition

NPC-SPUG shall refer to the functional unit of the NPC created to pursue the Missionary Electrification function as provided in Section 70 of the EPIRA. "NPC-SPUG Area" shall refer to an area not connected to the National Grid Transmission System wherein NPC-SPUG directly provides or will provide electric generation services and its associated power delivery system. "NPC-SPUG True Cost Generation Rate" or "NPC-SPUG TCGR" shall refer to the cost, expressed in Peso per Kilowatt-hour, determined through a Return on Rate Base (RORB) methodology that includes all NPC-SPUG allowable expenses incurred in providing electric generation services.
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Examples of NPC-SPUG in a sentence

  • The CUSTOMER and/or NPC-SPUG shall have the option at any time to enter into a Power Supply Agreement in line with the entry of a New Power Provider (NPP).

  • CUSTOMER shall inform NPC-SPUG of its requirements as determined in its Distribution Development Plan which shall be the basis for the contracted quantities.

  • This Agreement shall supersede and cancel all previous agreements, understanding and practices between NPC-SPUG and CUSTOMER on the sale of electricity.

  • The tariff on electricity as approved by the ERC and the provisions of this Agreement shall be the bases of the Basic Charges and other Billing Adjustments to be billed by NPC-SPUG to CUSTOMER for the supply of electricity under this Agreement.

  • This Agreement governs the relationship between NPC-SPUG and CUSTOMER for the supply of electric power and energy.

  • NPC-SPUG shall assign, cede, transfer, allocate wholly or partly its rights and obligations under this agreement to an NPP, which has been selected by the CUSTOMER and/or NPC-SPUG through a competitive selection process, to take over the former’s power generation function by reason of private sector participation.

  • The CUSTOMER shall be billed and pay for energy delivered by NPC-SPUG in accordance with the Subsidized Approved Generation Rate (SAGR) as well as other adjustments and procedures as approved by the ERC and provided in Annex B on Charges and Adjustments.

Related to NPC-SPUG

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