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The UK Civil Aviation Authority (UK CAA) has launched a first-of-its-kind, Performance-Based Regulation (PBR) Maturity Assessment, designed to help Aviation Regulators establish their readiness to ado The UK Civil Aviation Authority (UK CAA) has launched a first-of-its-kind, Performance-Based Regulation (PBR) Maturity Assessment, designed to help Aviation Regulators establish their readiness to adopt a performance-based approach. Available through CAA International (CAAi), a wholly owned subsidiary of the UK CAA, the Maturity Assessment involves a two-week, on-site “health-check” of a Nat...

Hontiveros urges ERC to simplify power rate-setting mechanism, replace 'complex' PBR Senator Risa Hontiveros today urged the Energy Regulatory Commission (ERC) to review its power rate-setting mechanism, saying that its complex and ambiguous nature leads to questionable over-recoveries, making it 'consumer unfriendly'. The statement came after Manila Electric Company (Meralco) slashed its power rates for a second straight month in March, factoring in the approved refunds ordered by the power regulator. Hontiveros said that while the P13B Meralco refund to consumers is good news to welcome, th...

Senator Risa Hontiveros on Thursday called on the Energy Regulatory Commission (ERC) to conduct a review of its power rate-setting mechanism, saying that its "complex and ambiguous" nature makes it less friendly to consumers.