THE Power Sector Assets and Liabilities Management Corp. (PSALM) is seeking regulatory approval to recover fuel and purchased power costs by the National Power Corp. (NPC) in the Visayas.

PSALM, tasked to privatize NPC’s power assets to help generate funds to pay off NPC’s debts, has applied before the Energy Regulatory Commission (ERC) for a P0.4367 per kilowatt-hour (kWh) rate increase for the Visayas.

However, for Luzon and Mindanao, it seeks to implement a refund of P1.7004 per kWh and P0.3660 per kWh, respectively.

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