ERC seeks industry inputs on rate-setting revision for power utilities
Published March 17, 2021, 3:50 PM The Energy Regulatory Commission (ERC) is soliciting inputs from industry stakeholders on the targeted modification of the tariff-setting scheme that will be enforced to power distribution utilities on the rates that they will pass on to consumers. The regulatory body is currently reviewing the performance-based rate setting (PBR) scheme for DUs, such as that of Manila Electric Company (Meralco) and other private power utilities as well as electric cooperatives (ECs), following a pause on approval of their tariff adjustments since 2015. Energy Regulatory Comm...