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.

Read more here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s