Hoping to alleviate the burden of consumers and bring down power rates, the Energy Regulatory Commission is scrutinizing the supply agreements entered into by electric cooperatives nationwide.
ERC records showed that generation charges across Luzon, Visayas and Mindanao have climbed by more than 20 percent as of August from a year ago as captive consumers contend with pricier fuel and unstable foreign exchange.
The ERC kicked off the review last Thursday in Laoag, Ilocos Norte. ERC chair Monalisa Dimalanta told reporters they would next move to Cagayan de Oro and Iloilo.“The … caravan is here so we can look at your PSAs and find immediate and long-term solutions for the to be able to sustain themselves and for the consumers to enjoy lower electricity rates. This is an industry-wide concern. That’s why we, as regulators, are now taking a proactive stance,” said ERC Commissioner Alexis Lumbatan.
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