A Supreme Court decision finds the Energy Regulatory Commission’s (ERC) use of the Optimized Depreciated Replacement Cost (ODRC) in valuing utility assets "fell short of the statutory standard that reasonable rates should provide electricity to the consuming public in the 'least cost manner'"
One of the proposed amendments to the law that created the Energy Regulatory Commission (ERC) requires commission members to be competent in specific fields — energy, law, economics, finance, commerce, and engineering. However, I think this requirement is not enough.
A recent House hearing on National Grid Corporation of the Philippines (NGCP) highlighted three deep-seated issues plaguing the power industry. These challenges, which extend beyond NGCP's capacity to address on its own, underscore the urgent need for a reboot of the government’s regulatory framework.
The recent suspension of ERC Chairperson Monalisa Dimalanta has sent shockwaves through the power industry. This suspension, a consequence of the ERC's failure to act on a complaint for over three years, has had a profound impact.
The Management Association of the Philippines has expressed strong support for Energy Regulatory Commission Chair Monalisa Dimalanta, following her six-month suspension by the Ombudsman.
Energy Regulatory Commission Chair Monalisa C. Dimalanta was suspended by the Office of the Ombudsman for up to six months without pay for alleged violations to the Electric Power Industry Reform Act.
The Supreme Court's First Division denied the the energy regulator’s appeal with finality, ruling in favor of San Miguel subsidiaries South Premiere Power Corp. and San Miguel Energy Corp. (now Sual Power Inc.).
If everyone in the power sector points to the ERC's failure to address their concerns, the proverbial smoke suggests there must be a fire somewhere, says industry veteran Guido Delgado, as he urges President Marcos to take a hard look at the agency and address the market's concerns about regulatory risk.