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ERC cap could slash power price by 54% in Visayas
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ERC cap could slash power price by 54% in Visayas
ILOILO City – Electricity consumers in the Visayas could get substantial relief from soaring power costs after regulators ordered the retroactive imposition of a regional price cap that could slash the average August wholesale electricity price by about 54 percent. The Energy Regulatory Commission (ERC) ordered the Independent Electricity Market Operator of the Philippines (IEMOP) […]
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