THE Energy Regulatory Commission (ERC) will review the impact of the $3.3-billion LNG (liquefied natural gas) deal on consumer prices.
In a statement on Monday, ERC Chairman Monalisa Dimalanta said that while "the review of the merger falls under the mandate of the PCC (Philippine Competition Commission)," her office "will review the effect, if any, on the present and future PSAs (power supply agreements) of Meralco and behavior of players in the WESM (Wholesale Electricity Spot Market) and retail market."
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