ERC must be strong and independent

 

By Rose de la Cruz

 

 

After the House committee on energy concluded its deliberation on a bill seeking to abolish the Energy Regulatory Commission, another bill which seeks to strengthen it is being pushed by Rep. Carlos Roman Uybarreta of 1-CARE partylist.

 

He said he believes that ERC should be a strong and independent regulatory body to oversee the erngy sector, as mandated by the EPIRA law.

 

As vice chair of the committee on energy, he said,  the ERC must be manned by experts.

 

Its abolition may not necessarily be the better route as against further empowerment of the ERC to ensure it fulfills its mandate, he stressed.

 

Currently, the House Committee on Energy, just concluded its initial deliberation on a bill which seeks to abolish the ERC and another bill which seeks to strengthen it.

 

He said he believes that whatever action that the House may take, it is important to have a strong and independent regulatory body that will serve as a check and balance on the energy sector.

 

Our major concern here is to rehabilitate and to restore the integrity and accountability of ERC as an independent body to ensure and to protect the rights of the consumers and stakeholders, he emphasized.

 

The ERC may have suffered from controversies just recently but we hope to see major changes under the leadership of Chair Agnes Devanadera.

 

During the meeting conducted by the House Committee on Energy, Devanadera presented the reforms that the ERC is undertaking to restore the integrity of the ERC. The reforms aim to improve transparency, accountability as well as efficiency of the agency.

 

I hope that we retain a strong and independent regulatory body to protect the interests of the consumers while keeping the confidence of the investors, he said.

 

The ERC must be predominantly one of experts.

 

Perhaps, the ERC can be elevated to the status of the Bangko Sentral as an independent regulator. These are options Congress can consider as it deliberates on the bills about the ERC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Like us in Facebook

facebook like box joomla

Features

Latest News

Govt’s cash use hits 97%

    By Rose de la Cruz   While the previous administration opted to under-spend—thereby sacrificing basic social services and infrastructure... Read More...
New law to make financing more inclusive, says Pernia

      By Rose de la Cruz   Socioeconomic Planning Secretary Ernesto Pernia said government has put in place interventions to address financing... Read More...
Bong still unsure of Senate run

Should he stay or should he go?  This is the question that Special Assistant to the President Christopher “Bong” Go is trying to answer and... Read More...
IMAGE In the know: Solar Philippines

Solar Philippines is currently the country’s – and Southeast Asia’s – largest solar-energy company. Founded in August 2013 by Leandro... Read More...
Stupid Name Giver and Other Laughs

Stupid Name Giver Late one night, a burglar broke into a house. While he was sneaking around he heard a voice say, "Jesús is watching you."  He... Read More...
Confession Code and other laughs

Confession Code AN old priest who became sick of all the people in his parish who kept confessing to adultery said one Sunday, in the pulpit,"If I... Read More...
IMAGE DISIPLINA SA BORACAY

MARAMI na ang nagaabang sa muling pagbubukas ng Boracay Island sa mga turista ngayong darating na Oktobre 26. Bagamat marami ang umangal noong unang... Read More...
IMAGE SALAMAT SA MGA OFWs

PATULOY ang pagtaas ng inflation rate sa bansa na base sa pagtataya ng mga eksperto ay maaari pang sumipa ng mas mataas ngayong buwan ng Setyembre... Read More...

Our Guests

Today744
Yesterday955
This week4287
This month14837
Total1075404

Visitor Info

  • Your IP: 54.166.130.157

Who Is Online

14
Online

Thursday, 18 October 2018
© 2016 OpinYon News Magazine Online. All Rights Reserved.

Please publish modules in offcanvas position.