00:00The new office of the chief of the Energy Regulatory Commission will carry out his duties
00:09to improve the state of the energy sector in the country.
00:14IKERC officer in charge, Usec Jesse Andres.
00:19In accordance with the marching order of Paolo Ferdinand Arbarcos Jr.,
00:24he will focus on the regulations in the commission,
00:28especially on speeding up the process of approving applications for those who want to invest in the energy sector.
00:38Usec Andres believes that this way, the price will be lowered and the supply of electricity will be improved.
00:47He believes that the investment in energy production, distribution, and supply is still lacking.
00:56Andres also added that ERC will be more open in cooperating with stakeholders to protect the public interest.
01:08If there are more competitors, the supply will be better.
01:12And if the supply is good, the price will be lower.
01:16Those who are leading, that's what they want, a level playing field.
01:20If we give them a level playing field, a fair direction, and proper implementation of the regulations,
01:29they will not complain.
01:30These are professionals who know the terrain and would always comply with the law.
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