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Philippines: DOJ probes deeper into energy prices

 |  March 14, 2014

Philippines’ Department of Justice said it will continue its investigation into energy price spikes last year, the body announced last week.

The decision to continue the investigation follows claims by the Energy Regulatory Commission that the price increases were the result of some power plants refusing to offer full capacities in the wholesale market.

The DOJ said its Office of Competition will probe the matter “bearing in mind its mandate to protect the interest of the consumers,” the DOJ said.

The Energy Regulatory Commission had previously ordered energy operator Philippine Electricity Market Corporation to reduce charges on Luzon customers between December 2013 and January 2014, say reports.

Full Content: Rappler

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