Asenior lawmaker “strongly” backed the proposal overhauling the 21-year-old Electric Power Industry Reform Act (Epira), as endorsed by President Ferdinand Marcos Jr., to slash electricity rates and attract energy-related investments.
Asenior lawmaker “strongly” backed the proposal overhauling the 21-year-old Electric Power Industry Reform Act , as endorsed by President Ferdinand Marcos Jr., to slash electricity rates and attract energy-related investments.
“The 1987 Charter prohibits any monopoly or exclusive right in franchises,” said Villafuerte, the president of the National Unity Party , which backed Marcos’s bid for the presidency. During his visit to Bacolod City, the President batted anew for amending the Epira after local officials had informed him of their plan to enter into a joint venture with solar power generation companies so they could tap renewable energy sources in slashing electricity rates for the benefit of consumers.
The lawmaker added he believes the country needs “to rid this market of monopolistic structures, particularly in the power distribution level, that have hindered true competition and prevented consumers from gaining access to industry players that offer better services and cheaper electricity.” Fourth, the DOE should also consider dumping its current policy of approving individual contracts in favor of approving the entire load profile per contractor in which the PSA itemizes how much of the entire electricity load for a franchise area comes from their baseload, intermediate or mid-merit and peaking plants, he said.