The Energy Regulatory Commission (ERC) said it does not favor any specific energy technology in approving power supply contracts, adding that its decisions hinge on selecting the least-cost option. According to a report by BusinessWorld, the ERC stated: “We do not play favorites when it comes to contracts… especially if the contract was procured through a CSP (competitive selection process) — it is the least…”
The statement comes amid allegations that the ERC has been favoring renewable energy projects over conventional power sources in approving supply agreements. The regulator emphasized that its approvals are based on competitive selection processes designed to ensure consumers get the most affordable electricity rates.
ERC officials reiterated that all power supply contracts, regardless of technology, undergo the same rigorous review process. The commission urged stakeholders to refrain from baseless accusations that could undermine investor confidence in the country’s energy sector.