How well do you know the Energy Regulatory Commission (ERC)?

Study Notes

The ERC aims to provide consumer education and protection in the electrical market.
It strives to build a regulatory framework that is democratic, transparent, and fair to both consumers and utility investors.
The ERC's vision is to be a world-class and independent regulator that promotes and protects the interests of consumers and stakeholders for sustained economic growth and improved quality of life.
The ERC's mission includes promoting free and fair competition, ensuring reasonable rates, protecting consumer rights, and nurturing employee aspirations.
The ERC's core values include integrity, transparency and accountability, excellence, professionalism, teamwork, and public service.
The ERC's primary functions are to promote competition, encourage market development, regulate electricity rates, and promote consumer interests.
The ERC handles consumer complaints and ensures the promotion of consumer interests.
The ERC enforces the rules and regulations governing the operations of the electricity spot market and its participants.
The ERC follows and imposes rules strictly.
The ERC seeks to ensure a greater supply and rational pricing of electricity.