What independent body is mandated to promote competition in the electricity industry?

The Energy Regulatory Commission (ERC) is responsible for promoting competition in the electricity industry. Its primary mandate includes regulating the electricity sector, setting policies, and ensuring that competition is fair, transparent, and efficient among various market participants. By overseeing the conduct of electricity service providers and establishing rules that govern the electricity market, the ERC plays a crucial role in enhancing competition, protecting consumer interests, and ensuring reliable electricity supply at reasonable prices.

In contrast, the Energy Management Office primarily focuses on the effective use and management of energy resources, while the Environmental Protection Agency deals with environmental regulations and impacts rather than competition in energy markets. The National Electricity Authority’s functions may vary by jurisdiction but typically do not focus directly on competition within the industry. The distinct role of the ERC in supporting a competitive electricity market is what makes it the correct answer to this question.