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ERC red tape costs consumers 34 billion pesos – Senate Panel
MANILA, Philippines – Red tape at the Energy Regulatory Commission (ERC) costs consumers 34 billion pesos, yesterday announced the Senate Energy Committee at a news conference. hearing.
Sen. Sherwin Gatchalian, chair of the committee, has besieged the besieged ERC for several delays in approving failed stranded claims (CSC) and stranded debts (DS) from the National Power Corp. (Napocor)
. Sectoral Asset and Liability Management Company (PSALM), the various delays resulted in an increase of 34.78 billion pesos for consumers, which equates to an increase in power tariff of 0.193 peso per kilowatt hour ( kWh). [19659004] "After all your controversy, you will charge Juan dela Cruz with costs of 34 billion pesos because of delays.It is absolutely unacceptable," Gatchalian told the ERC
. Lawyer Krisha Buela, of the ERC, responded that the regulatory agency was currently reviewing its processing procedures and processes to improve its work. a problem in your procedures. Following the hearing, the Senator reiterated the need to adopt the REB's Governance Bill to promote transparency and accountability in the deliberations and decisions of the country. Gatchalian should sponsor the replacement version of the bill in the coming months
Meanwhile, the Senate committee is studying the possibility of using the Malambaya P204 billion dollar natural gas project to reduce the universal the fees paid by end consumers on their monthly electricity bills, which could result in household savings as high as P2 033.76 per year. – With Danessa Rivera
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