Electricity Regulatory Commission
The Electricity Regulatory Commission (ERC) is a government body responsible for overseeing and regulating the electricity sector in a specific region or country. Its primary role is to ensure fair pricing, promote competition, and protect consumer interests while maintaining a reliable electricity supply. The ERC also sets standards for service quality and monitors compliance among electricity providers.
In addition to regulating prices, the ERC plays a crucial role in approving new electricity projects and licenses for power generation and distribution companies. By fostering a transparent and efficient electricity market, the ERC aims to encourage investment and innovation in the energy sector, ultimately benefiting consumers and the economy.