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Government

ERC ADOPTS REFORMS FOR ELECTRIC BILL REFUNDS

The Energy Regulatory Commission (ERC) approved a resolution that adopts significant amendments to the Magna Carta for Residential Electricity Consumers. These changes aim to enhance consumers’ fundamental right to electric service and introduce more flexible, transparent, and consumer-friendly rules regarding bill deposits and refunds. The amendments were adopted in accordance with the Commission’s mandate under […]

Categories
Government

ERC APPROVES REVISED RULES TO HIKE SPC IN WESM

The Energy Regulatory Commission (ERC) has approved revised rules increasing the secondary price cap (SPC) in the Wholesale Electricity Spot Market (WESM), a move aimed at curbing sustained electricity price spikes while maintaining investment signals for power generators. The adjustment ensures stable electricity prices and reliable power supply for consumers while allowing generators to operate […]