NGCP meaning in Business ?

Answer: What is National Grid Corporation of the Philippines mean?

The National Grid Corporation of the Philippines (NGCP) is a privately owned corporation that was created on January 15, 2009, through RA 9511. It is a consortium of three corporations, namely Monte Oro Grid Resources Corporation, Calaca High Power Corporation, and the State Grid Corporation of China. As the franchise holder, it is in charge of operating, maintaining, and developing the country's state-owned power grid, controls the supply and demand of power by determining the power mix through the selection of power plants to put online (i.e., to signal power plants to produce power, as power plants will only produce power or feed their power to the transmission grid when directed by NGCP). As a common carrier, it must provide non-discriminatory access to its transmission system. It is subject to the standards set by the Philippine Grid Code and the Transmission Development Plan. It also updates the daily power situation outlook for Luzon, Visayas, and Mindanao power grids by determining the available generating capacity, system peak demand, and operating margin (with operating margin is determined by subtracting the available generating capacity and system peak demand, and all of which are in units of MW or megawatts).

reference

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