There is no doubt that the objective of the privatization of electric power transmission is to pass the heavy capital burden of expansion to the private sector, but at the same time, get the maximum benefit for the government. Part of that agreement was to turn over not only the operations, but also the profits thereon to the winning private sector bidder but at the same time the government retains the ownership of the assets.
Let us accept it—the necessary increase in capacities cannot happen overnight. If there will be any benefit from Malampaya gas field, this will take a few more years to materialize. The current focus on renewables can provide a very low Effective Load Carrying Capacity . A perfect plant is always available when needed and has an ELCC of 100 percent. Renewables would have an ELCC of about 30 percent because of their intermittency.
So, to allege that Annual Revenues and net income are unreasonable would have to be clearly determined with reference to reliable bases of comparison. The annual gross revenues, for example, has to be closely related to the Maximum Allowed Revenue each year, and the Net Income has to be closely related to the Return on Investment as one of the MAR determinants.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: inquirerdotnet - 🏆 3. / 86 Read more »