Senator Sherwin Gatchalian said Saturday the Energy Regulatory Commission should have its own charter to address industry issues such as
Gatchalian said several industry issues prompted him to file Senate Bill No. 487 or An Act Enhancing The Governance Structures of The Energy Regulatory Commission.
“The birth of ERC came about because of EPIRA [Electric Power Industry Reform Act of 2001]. But if you read EPIRA, there is much room for improvement especially given recent developments in the industry, so I am going to push for the creation of ERC charter,” said Gatchalian. “ERC is one of the most important actors in the energy sector, so we have to make sure that it has enough power to penalize,” Gatchalian said.
The ERC is pushing for increased penalties and possible imprisonment for rule violators as part of amendments to the Electric Power Industry Reform Act of 2001.
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