Connect with us

Hi, what are you looking for?

Top Stories

Editor's Pick

Competition commissioner weighing possibility of collusion in grid outages


THE Philippine Competition Commission (PCC) said it is looking into whether the recent power outages on the Luzon Grid are the result of collusion, as part of a broader investigation involving the Justice and Energy departments.

“The outages may result from many sources. Obviously, if it is an outcome of collusive practices, that’s terrain for the PCC,” PCC Chairman Arsenio M. Balisacan told ANC Wednesday. Outages caused by natural factors are outside the commission’s mandate.

The grid was recently placed on red alert for three consecutive days after a series of unscheduled power plant outages, causing a spike in market prices.

The Energy Regulatory Commission said it will order generation companies to explain the interruptions. A commission task force has scheduled four plants for technical inspection.

“We’ll do (the investigation) as fast as we can to contribute to the resolution of this case,” Mr. Balisacan said.

“Our mandate is to prevent anti-competitive practices, so if these are things emanating out of abusive practices in such a way that the players can enhance their profits, then obviously that’s a thing for PCC and we will investigate the matter.”

Meanwhile, an Udenna Corp. unit’s acquisition of Shell Petroleum N.V.’s stake of the Malampaya gas field could still be assessed after a pause in the review, he said.

Compulsory notification on all mergers and acquisitions with transaction value of below P50 billion is suspended for two years from the effectivity of Republic Act No. 11494, informally known as Bayanihan II, which was signed in September. The law also suspended the PCC’s review of these transactions, conducted on its own initiative, for a year.

The PCC is monitoring the market while it awaits the resumption of its own assessment of transactions below the threshold value in September.

“We encourage players, if in doubt about the nature of the transaction, (to have a) free consultation with the PCC,” Mr. Balisacan said.

“If there are reasons to believe that there is an element anti-competitive practice there then we will exercise our motu propio review power.” — Jenina P. Ibanez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Forbes 30-under-30 alumnus goes head-to-head with Amazon with smartphone-based retail checkout solution In 2015, MishiPay CEO Mustafa Khanwala waited 20 minutes in a...


Debenhams is to reopen 97 of its high street stores on Monday for a closing down sale to clear stock before they finally shut...

Editor's Pick

PHILSTAR/MIGUEL DE GUZMAN Singapore — India, South Korea, and Thailand faced mounting coronavirus infections on Thursday, undermining...

Editor's Pick

BW FILE PHOTO WASHINGTON – U.S. Secretary of State Antony Blinken and Philippine Foreign Affairs Secretary Teodoro...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 Secrets Of Richdads. All Rights Reserved.

    Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!