ERC reviews power companies' deal to ensure compliance with market share limits set by Philippine law.

The Philippines' Energy Regulatory Commission (ERC) will review a recent deal where three power companies—Meralco PowerGen, Aboitiz Group's Therma Natgas, and San Miguel Global Power—acquired power facilities and an LNG terminal. The review aims to ensure the deal complies with market share limits set by the Electric Power Industry Reform Act, which restricts any company or group from owning more than 30% of a regional grid or 25% of the national grid. The Philippine Competition Commission (PCC) approved the acquisition with conditions to maintain market competition and prevent price manipulation. The ERC's oversight includes examining the impact on electricity prices for consumers.

2 months ago
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