Wazzup Pilipinas!
Moving towards the promotion of consumer interest under a regime of stable regulatory policies, the Department of Energy (DOE) and the Energy Regulatory Commission (ERC) share a common objective for the implementation of a mandatory Competitive Selection Process (CSP) in contracting power supply agreements of distribution utilities.
Under Joint Resolution No. 1, both agencies stressed that CSP fosters transparency, enhances security of supply, and ensures stability of electricity prices to captive electricity end-users in the long-term. The Joint Resolution, which will be effective upon its publication in newspapers of general circulation, further provides that the ERC shall issue the appropriate implementing regulations for the CSP.
DOE Secretary Zenaida Y. Monsada emphasizes that "the DOE and ERC are working closely together to create a proactive and dynamic environment for a sustainable electric power industry which balances the interests of the consumers and the industry participants."
Under Joint Resolution No. 1, both agencies stressed that CSP fosters transparency, enhances security of supply, and ensures stability of electricity prices to captive electricity end-users in the long-term. The Joint Resolution, which will be effective upon its publication in newspapers of general circulation, further provides that the ERC shall issue the appropriate implementing regulations for the CSP.
DOE Secretary Zenaida Y. Monsada emphasizes that "the DOE and ERC are working closely together to create a proactive and dynamic environment for a sustainable electric power industry which balances the interests of the consumers and the industry participants."
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