The Makati Business Club (MBC) expressed its support for the Energy Regulatory Commission’s efforts to secure adequate and affordable electricity supply by pursuing transparent, accountable, and investment-friendly policies.
The statement followed a meeting with ERC Chairwoman Monalisa Dimalanta on Tuesday, January 10.
The efforts include reviews of the secondary price cap mechanism which is designed to moderate spikes but may be curtailing new investment; the rules on open access which is meant to allow consumers to choose their supplier but has not gained much ground and; rules on renewable energy and storage.
MBC also expressed support for the constant collaboration between ERC, the Department of Energy, National Transmission Co. ( and industry players to find solutions to the many challenges in the sector.
In the near term, the group said it would support the government’s efforts to prepare the public for higher prices while improving energy efficiency.
The group offered to assist in providing ERC with information and connections to help improve its operations, including digitalization.
