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The Energy Regulatory Commission (ERC) has imposed penalties against two more power firms for exceeding the number of unplanned outage days for their hydroelectric power facilities. CBK Power Co. Ltd. (CBK) was found liable for having incurred 7.5 days of unplanned outages for its Kalayaan Unit 4. For hydroelectric power…
Published June 7, 2021, 6:00 AM ERC hints ‘pricing play’ The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC). In a Congressional hearing on Friday, ERC chairperson Agnes T. Devanadera further hinted of “pricing play” as the secondary price cap in the Wholesale Electricity Spot Market (WESM) had been hit 418 times this year. A ‘play’ in the market angle is also being scrutinized by the regulatory bo...