Connect with us

Hi, what are you looking for?

Economy

ERC case rulings rise 21% in 2020 after adoption of video hearings, electronic filing

The Energy Regulatory Commission (ERC) said Friday that the number of cases it concluded in 2020 rose 21%, aided by the adoption of videoconferencing for its hearings.

In a statement, the ERC said it wrapped up 748 cases in 2020, compared to 617 in 2019. The commission said it also issued more orders, decisions, resolutions, notices, and certificates of approval and authority last year.

“The ERC continued to conduct hearings and conferences through virtual platforms to complete the legal proceedings that it should perform as part of its quasi-judicial functions,” the commission said in a statement.

Last year, the commission issued orders and advisories covering 10 rate reduction schemes, including the reduction in the system loss cap, which was lowered by P0.05 per kilowatt-hour (kWh); the refund of the over-recoveries of 64 distribution utilities (DUs) that amounted to P3.3 billion; and the lowering of the retail competition and open access threshold, among others.

In May, the ERC ordered DUs to allow their customers consuming 200 kWh and below in February to pay their power bills on a staggered basis of up to 6 equal monthly installments during the government-imposed lockdown – without penalty, interest or other fees.

The agency had implemented the “Amended guidelines on electronic applications, filings and virtual hearings before the ERC” to govern electronic transactions.

“The Commission has embraced the ‘New Normal’ and we are thankful that online platforms abound to be explored and utilized to the fullest. We were surprised and happy to note that this pandemic even provided us the opportunity to optimize the use of digital technologies to continuously perform and deliver our mandate,” ERC chairperson and chief executive officer Agnes VST Devanadera said. — Angelica Y. Yang

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Investing

New research has revealed that funding into new UK businesses still weighs heavily in favour of male-led businesses – who receive 6.2 times more in...

Economy

(First of two parts) A week ago, on Thursday, March 23, World Athletics (WA), the international governing body of athletics, announced through its president,...

Economy

One study estimates that land-based lithium supplies will be depleted by 2080. And given the high demand now for lithium globally — to use...

Economy

Yesterday, Department of Finance (DoF) Secretary Benjamin E. Diokno held a press briefing with the Malacañang press corps and shared his presentations in a...

Economy

IN THIS AGE of “disintermediation,” even the barrier to conversations has been rendered passé. Mobile communications allow a caller to access his party without...

Economy

JIM O’NEILL, the former Goldman Sachs Group, Inc. chief economist who coined the acronym BRIC, said the bloc of nations that later adopted the...

You May Also Like

Investing

Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.