Committee Details
Legislative History
| House Bill/Resolution NO. HB00174 | |
| FULL TITLE : AN ACT PROHIBITING CROSS-OWNERSHIP AS AMONG DISTRIBUTION UTILITIES AND GENERATION COMPANIES AMENDING FOR THIS PURPOSE SECTION 45 OF REPUBLIC ACT (RA) NO. 9136 | |
| ABSTRACT : Proposes the following amendments to be read as follows: “SEC. 45. Cross Ownership, Market Power Abuse and Anti-competitive Behavior - … “To promote true market competition and prevent harmful monopoly and market power abuse, the ERC shall enforce the following safeguards:(a) . . .(b) . . . For the purpose of preventing market power abuse between associated firms engaged in generation and distribution, BY NO MEANS CAN DISTRIBUTION UTILITIES ENTER INTO BILATERAL POWER SUPPLY AGREEMENTS WITH ANY ASSOCIATED FIRM ENGAGED IN GENERATION, WHETHER DIRECT OR INDIRECT. THIS SHALL NOT PREJUDICE CONTRACTCTS ENTERED INTO PRIOR TO THE EFFECTTIVIY OF THIS ACT . . .THE IMPLEMENTING RULES AND REGULATIONS OF THE ACT IS TO BE ADJUSTED ACCORDINGLY WITHOUT REDEFINING “CONTROL†AS DEFINED IN THIS SECTION . . . | |
| PRINCIPAL AUTHOR/S : TANCHAY, CAROLINE L., MARCOLETA, RODANTE D. | |
| DATE FILED : 2022-06-30 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Rivera (000 2022-09-08) | 2. Mariño (000 2022-12-01) |
| 3. Marañon (000 2023-05-30) | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON ENERGY ON 2022-07-26 |
Abstract
ABSTRACT : Proposes the following amendments to be read as follows: "SEC. 45. Cross Ownership, Market Power Abuse and Anti-competitive Behavior - … "To promote true market competition and prevent harmful monopoly and market power abuse, the ERC shall enforce the following safeguards:(a) . . .(b) . . . For the purpose of preventing market power abuse between associated firms engaged in generation and distribution, BY NO MEANS CAN DISTRIBUTION UTILITIES ENTER INTO BILATERAL POWER SUPPLY AGREEMENTS WITH ANY ASSOCIATED FIRM ENGAGED IN GENERATION, WHETHER DIRECT OR INDIRECT. THIS SHALL NOT PREJUDICE CONTRACTCTS ENTERED INTO PRIOR TO THE EFFECTTIVIY OF THIS ACT . . .THE IMPLEMENTING RULES AND REGULATIONS OF THE ACT IS TO BE ADJUSTED ACCORDINGLY WITHOUT REDEFINING "CONTROL" AS DEFINED IN THIS SECTION . . .