by Myrna Velasco August 14, 2016
Chief executive officers (CEOs) of
energy companies have been sent “blanket invitation” for a Senate inquiry
intending to hunt out the deeper reason behind the rolling brownouts in the
Luzon grid.
The Senate investigation is slated
on August 16 (Tuesday), with the panel to be led by Department of Energy
Secretary (DOE) Alfonso G. Cusi and Energy Regulatory Commission (ERC) Chairman
Jose Vicente B. Salazar. They will be joined by the top executives of
DOE-attached firms and agencies from: The Power Sector Assets and Liabilities
Management Corporation; National Power Corporation; Philippine Electricity
Market Corporation; and the National Electrification Administration. The Senate
also summoned CEOs and top officials of the country’s various power companies.
DOE is the agency vested with the
function to ensure power supply sufficiency and reliability in the country;
while the ERC is in-charge of rate-setting and also exercises oversight powers
at the country’s power spot market, primarily when anti-competitive behaviors
are raised against trading participants – generally the generation companies.
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