Power sector watchdog BantayKuryente lauded the move of the Philippine Chamber of Commerce & Industry, Ateneo De Manila University, San Beda College (Alabang) and mall owner Riverbanks Development Corp. in challenging before the Supreme Court the questionable energy policies being pushed by the Energy Regulatory Commission.
BantayKuryente Secretary General Pet Climaco said “this shows that there is multi-sectoral opposition to the ERC’s new policy.”
BantayKuryente frowned on the recently-issued retail competition and open access policy regulations of the Department of Energy and the Energy Regulatory Commission.
Under the latest policy, consumers with a peak demand of at least 1 MW have until February 26, 2017 to comply with the new rules. To comply, consumers will be forced to break-out of existing contracts and enter into new deals with new suppliers even at higher cost.