Philippines issues new power retailer licensing rules to boost competition
( April 8, 2016, 05:00 GMT | Official Statement) -- MLex Summary: The Philippine Energy Regulatory Commission has released new rules for the issuance of licenses to retail electricity suppliers that aim to promote competition and accountability and prevent harmful monopolies and market power abuses. Among other things, the rules list strict limitations on cross-ownership between retail electricity suppliers and the Philippine Electricity Market Corp or the National Grid Corp of the Philippines. The rules also rationalize electricity prices, making them more competitive and transparent. ...
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