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ERC urged: Release pricing mechanism for GEA

THE Senate has asked the Energy Regulatory Commission (ERC) to finalize green energy auction reserve (GEAR) prices for the auction of renewable energy to proceed this year.

'That is one of the priorities I think we need to do because in everything, the goal is to make the shift to renewables, and this is directly related to that. I hope we can get that done. I understand there are things that have to be done on the side of ERC as well,' Sen. Pia Cayetano said at the Senate hearing on the Department of Energy's budget.

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