ERC may continue probe till next year of 12 gencos that raised power rates in Dec. 2013

THE Energy Regulatory Commission (ERC) may not finish this year the probe involving 12 generation companies (gencos) found to have engaged in anticompetitive behavior that led to record-high increases in power rates in December 2013.

Mahihirapan siguro,” ERC Commissioner Alfredo Non said. “We can start the hearings in October. The decision, however, I don’t know if we can issue by the end of the year.”

Non said the commission may conduct marathon hearings. However, this is not an assurance that hearings would be finished before the year ends.

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