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ERC's CAPEX application process for energy infra reduced

Business

ERC's CAPEX application process for energy infra reduced

By Gabriell Christel Galang

At A Glance

To allow a more efficient streamlining of energy-related projects and infrastructures, the Energy Regulatory Commission (ERC) reduced the processing days for the quasi-judicial and permitting process.<br><br>The quasi-judicial evaluation will be around 270 days, while the permitting process is at 60 calendar days.<br><br>EVOSS monitors energy-related applications, information, and permits for projects and other infrastructures.

The Energy Regulatory Commission (ERC) said that the processing time for the application of capital expenditures (CAPEX) has been reduced to allow faster deployment of energy infrastructure and expand access to energy resources.

During the capacity training held by ERC, the commission presented the integration process of CAPEX into the Energy Virtual One-Stop Shop (EVOSS).

In order for the energy sector to be more efficient and responsive, the quasi-judicial processing time for the CAPEX application is now 270 days.

The quasi-judicial process would hold hearings and conduct investigations regarding the CAPEX.

Meanwhile, 60 calendar days are given to permit the processes considered from the receipt of the application.

Hazel J.O. Vicencio, The Department of Energy (DOE) Internal Audit Chief explained the CAPEX workflow application within the EVOSS system.

EVOSS fills and monitors energy-related applications online to act as a place for information and issued permits for various power projects.

Moreover, EVOSS is under the Republic Act No. 11234, which streamlines and permits the process of power generation, transmission, and distribution programs and projects.

Related Tags

Energy Regulatory Commission EVOSS

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