The Philippine Competition Commission (PCC) announced Monday, April 22, it would look into allegations of collusion or abuse of dominance among power producers after recent supply shortfalls caused rotational brownouts in the island of Luzon.
The antitrust monitor stated it would “assess whether the recent power plants’ outages are manipulated to increase electricity prices or are valid unplanned breakdowns that affect supply conditions.”
Under the competition law, power generation companies engaging in anti-competitive or collusive behavior are punishable with fines up P250 million (US$4.8 million) and imprisonment of officers of up to 7 years, the PCC stated.
Full Content: CBN
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