The Energy Regulatory Commission (ERC) has issued status quo orders that effectively prevent retail electricity suppliers from increasing their rates to large companies. READ:
The Energy Regulatory Commission has issued status quo orders that effectively prevent retail electricity suppliers from increasing their rates to large companies.
ERC chairperson Monalisa Dimalanta said the status quo would hold until the commission decides on the motions filed before it. They also filed cases against San Miguel Corp.-owned San Miguel Electric Corp. and SMC Consolidated Power Corp. for alleged breach of retail electricity supply agreements. “More expensive power in the new year is the direct consequence of the ERC’s rejection of the joint SMC Global-Meralco petition to temporarily raise power rates by at least P0.30,” Infrawatch PH convenor and former House energy committee member Terry Ridon said.
“If the ERC entertains price proposals significantly higher than the price proposal in the rejected joint petition, it will have failed to ensure the least cost to consumers, which is one of the most fundamental principles in energy regulation,” Ridon said.
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