THE Energy Regulatory Commission (ERC) is recommending to President Ferdinand Marcos Jr.
to conduct a rationalization of the secondary price caps, strengthen local government units to facilitate energy project implementation and connect small power utility groups to the grid.No less than ERC Chairman and Chief Executive Office Monalisa Dimalanta made the recommendation during a recent meeting called by President Marcos with the Private Sector Advisory Council .
However, ERC said that initial analysis shows that, with SPC in place, price signals are distorted and actual market results do not necessarily reflect the true cost of generation.This, according to the Energy commission, blurs planning exercises on energy security and dampens investors' interest toward the Philippine power generation sector.'The ERC needs to do a balancing act, as is the role of the regulator in our system.
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