The relevant distribution utility shall submit to the ERC quarterly reports showing the amount of stranded costs recovered and the balance remaining to be recovered.
Provided, That the duration for such recovery shall not be shorter than fifteen 15 years nor longer than twenty-five 25 years.
Electricity suppliers shall be subject to the rules and regulations concerning abuse of market power, cartelization, and other anti-competitive or discriminatory behavior to be promulgated by the ERC.
Such fees shall be fixed by the ERC after due notice and public hearing; k Set a lifeline rate for the marginalized end-users; l Monitor and take remedial measures to penalize abuse of market power, cartelization, and anti-competitive or discriminatory behavior by any electric power industry participant; m Impose fines or penalties for any non-compliance with or breach of this Act, the IRR of this Act and the rules and regulations which it promulgates or administers; n Take any other action delegated to it pursuant to this Act; o Before the end of April of each year, submit to the Office of the President of the Philippines and Congress, copy furnished the DOE, an annual report containing such matters or cases which have Epira 9136 filed before or referred to it during the preceding year, the actions and proceedings undertaken and its decision or resolution in each case.
Any case which involves question of fact shall be appealable to the Court of Appeals and those which involve question of law shall be directly appealable to the Supreme Court. It shall be understood as covering a range of alternatives enhancing exposure of the industry to competitive market forces; oo "Small Power Utilities Group" or "SPUG" refers to the functional unit of NPC created to pursue missionary electrification function; pp "Stranded contract costs of NPC or distribution utility" refer to the excess of the contracted cost of electricity under eligible contracts over the actual selling price of such contracts in the market.
All members of the Board shall be professionals of recognized competence and expertise in the fields of engineering, finance, economics, law or business management.
For this purpose, the capital stock of NPC shall be increased to Three hundred billion pesos P, You should exercise caution and look at the privacy statement applicable to the website in question. A more competitive power industry will in turn result in lower power rates and a more efficient delivery of electricity supply to end-users.
No generation company or distribution utility, or its respective subsidiary or affiliate or stockholder or official of a generation company or distribution utility, or other entity engaged in generating and supplying electricity specified by ERC shall be allowed to hold any interest, direct or indirect, in TRANSCO or its concessionaire.
The Board shall be composed of a Chairman and six 6 members.
Provided, That the ERC shall have authority to require electricity suppliers to furnish a bond or other evidence of the ability of a supplier to withstand market disturbances or other events that may increase the cost of providing service.
Distribution of electric power to all end-users may be undertaken by private distribution utilities, cooperatives, local government units presently undertaking this function and other duly authorized entities, subject to regulation by the ERC.
Provided, finally, That there shall be no reappointment and in no case shall any member serve for more than seven 7 years in the Commission. Any entity engaged therein shall provide open and non-discriminatory access to its distribution system to all users.
The protection of your privacy is our commitment and paramount concern. Provided, finally, That in case of disagreement on the fair market price, the ERC shall determine the fair market value of the asset.
People who have been abused long enough by private water and power utilities, who suffered endless brownouts and lack of water amid skyrocketing monthly bills, will certainly be interested to listen. Are there any safeguards in the law to prevent certain business groups or blocs from dominating the restructured power industry.
Epira 9136 The Chairman and members of the Commission or any of their relatives within the fourth civil degree of consanguinity or affinity, legitimate or common law, shall be prohibited from holding any interest whatsoever, either as investor, stockholder, officer or director, in any company or entity engaged in the business of transmitting, generating, supplying or distributing any form of energy and must, therefore, divest through sale or legal disposition of any and all interests in the energy sector upon assumption of office.
Within one 1 year from the start of open access, any distribution utility that intends to seek recovery of stranded contract costs shall file notice of such intent with the ERC together with an estimate of such obligations, including the present value thereof and such other supporting data as may be required by the ERC.
Provided, however, That the ERC shall have exclusive authority covering the Grid Code and the pertinent rules and regulations it may issue; d Ensure the reliability, quality and security of supply of electric power; e Following the restructuring of the electricity sector, the DOE shall, among others: With rates unbundled, customers will be able to know how much they would be paying for generation, transmission, distribution and other benefits or charges.
Provided, however, That the ERC shall have exclusive authority covering the Grid Code and the pertinent rules and regulations it may issue; d Ensure the reliability, quality and security of supply of electric power; e Following the restructuring of the electricity sector, the DOE shall, among others: The ERC shall ensure full compliance with this provision.
Upon implementation of retail competition and open access, the prices charged by a generation company for supply of electricity shall not be subject to regulation by the ERC except as otherwise provided in this Act Pursuant to the objective of lowering electricity rates to end-users, sales of generated power by generation companies shall be value added tax zero-rated.
Now that RA is in place, what reforms will be instituted in the power industry. They shall be combined and each geothermal complex shall be sold as one package through public bidding.
However, the ERC shall, on January 1,reduce the maximum demand for the contestable market in Luzon to one megawatt 1MW for at least two 2 years and Seven hundred fifty kilowatts kW for the Visayas and Mindanao areas.
To this end, distribution utilities shall submit to the DOE their plans for serving such areas as part of their distribution development plans. DPWH reported that at present, Maynilad is actually receiving 1, million liters per day from Angat Dam, down from its normal level of 2, million liters per day a Information security We have put in place suitable physical, electronic and managerial procedures to safeguard and secure the information we collect online; We ensure that these systems help protect against unauthorized access to or unauthorized use, alteration, disclosure or destruction of personal information; We review regularly these systems to help ensure that the security and integrity of personal information in our possession is not compromised.
AN ACT ORDAINING REFORMS IN THE ELECTRIC POWER INDUSTRY, AMENDING FOR THE PURPOSE CERTAIN LAWS AND FOR OTHER PURPOSES Be it enacted by the Senate and the House of Representatives of the Philippines in Congress assembled: CHAPTER I TITLE AND DECLARATION OF POLICY Section 1. The Philippines began privatizing electricity generation in with the passage of the Electric Power Industry Reform Act (EPIRA), whose ultimate objective was to lower the cost of power by fostering private-sector competition.
The Philippines began privatizing electricity generation in with the passage of the Electric Power Industry Reform Act (EPIRA), whose ultimate objective was to lower the cost of power by fostering private-sector competition.
Inthe Philippine Government enacted Republic Act No. (EPIRA Law), also called Energy Power Industry Reform Act of The new law, just like the previous ones, aims to provide better and stricter regulation and government of electricity generation, transmission, distribution and supply. Republic Act No.
An Act Ordaining Reforms in the Electric Power Industry, Amending for the purpose certain laws and for other purposes. Signed on June 8, An Act ordaining reforms in the electric power industry, amending for the purpose certain laws and for other purposes.
The Electric Power Industry Reform Act (EPIRA) of or RA has drastically liberalized the Philippines electricity sector with at least three important provisions: (1) deregulation and demonopolization of the power generation sector, (2) creation of the Wholesale Electricity Spot Market (WESM), and (3) liberalization and demonopolization.Epira 9136