ERC will start enforcing guidelines on the capital expenditures (capex) as well as procurements of regulated power utilities, as these cost items are being factored into the calculation of the overall tariff being passed on to consumers.
The Energy Regulatory Commission will start enforcing guidelines on the capital expenditures as well as procurements of regulated power utilities, as these cost items are being factored into the calculation of the overall tariff being passed on to consumers.
It qualified that aside from capex, strict adherence to the guidelines shall also be required on the operating and maintenance expenditures of the regulated power entities; but this will not include the power supply procurements of DU because that’s already covered under the competitive selection process policy.
ERC Chairperson Monalisa C. Dimalanta explained “the contracting and procurement of equipment, assets, and services for regulated entities shall be subjected to audit by the ERC to ensure that the process meets principles of transparency, reasonableness and fair competition.”
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