Energy Regulatory Commission (ERC) / STOCK
MANILA, Philippines – The Energy Regulatory Commission (ERC) is proposing stricter rules governing the procurement of power supply, requiring the prior review of bidding terms to curb anti-competitive practices and ensure consumers benefit from least-cost electricity.
Under the proposed regulatory framework, distribution utilities (DUs) and the system operator must first submit the terms of reference (TOR) for competitive selection processes (CSP) to the ERC before publishing any invitation to bid.
READ: New ERC chief eyes changes in contracting rules
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