Power stakeholders: Epira’s main intent is to lower rates

Quick Summary:

ENERGY industry stakeholders agree that if the Electric Power Industry Reform Act (EPIRA) would require amending, the real intent of the law, which is to bring down power rates, must be pursued.

While having sustainable, reasonably-priced, and reliable power for all Filipinos remains a commitment in this year’s SONA, the ICSC official pointed out two things: “What we ultimately need is to source power from indigenous and readily available sources, and to immediately move away from a baseload-centric, fossil-fuel centered power system.

The Energy Regulatory Commission (ERC), meanwhile, commented that the agency already has more than 20 years of experience and data from the implementation of Epira that can be used to review and improve on the law.“From the side of the ERC, we have proposed measures to strengthen the regulator to cope with the changes in the industry, address delays in regulatory processes and increase transparency and accountability in governance.

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Article Details

Author / Journalist: Lenie Lectura

Category: BusinessStartups

Markets: Philippines

Topics: Review Power Energy Electricity Time Industry Cost President Epira

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 17:18:32 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1218 words

Reading Time: 7 minutes read

Sentences: 33 lines

Sentence Length: 37 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 21754648

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