Senate Bill 1653, or the Electricity Procurement Act of 2018, aims to integrate the competitve selection process (CSP) in procuring power requirements by distribution utilities (DUs) and related entities. The Department of Energy shall oversee the entire CSP, while the Energy Regulatory Commission (ERC) shall exercise its regulatory powers. Also, DUs and related entities shall determine the volume of power demand they shall secure through the process. The power regulator will formulate the CSP rules in consultation with private and public stakeholders. Meanwhile, an electronic portal containing all relevant information on the CSP will be made available to consumers.

Source: Manila Times January 28, 2018 16:07 UTC