Marcos Reflects on Possible EPIRA Law Changes – Manila Bulletin

Marcos reflects on possible changes to the EPIRA law

Chairman Ferdinand “Bongbong” Marcos Jr. met with Bacolod executives to discuss possible amendments to the Electric Power Industry Reform Act (EPIRA) to use renewable energy for the purpose of reduce the cost of electricity.

President Ferdinand “Bongbong” Marcos Jr. (Photo courtesy of PAHO)

Marcos raised the issue after being told by Bacolod City Mayor Albee Benitez that they were considering entering into joint venture agreements with solar power generators to allow them to purchase electricity at discounted prices. lower.

However, the existing EPIRA law does not allow producers to sell to users but could sell directly to the network.

Marcos said Bacolod City should get an opinion from the Energy Regulatory Commission (ERC).

He said the ERC’s opinion on the matter could be the basis for an amendment to the EPIRA law.

The amendment to the law is one of the priority legislative measures approved at the recent meeting of the Legislative-Executive Development Advisory Council (LEDAC) in Malacañang.

EPIRA directs the ERC to promote competition, encourage market development, ensure consumer choice and sanction abuses of market power in the electricity sector

The president was in Bacolod City on Sunday. On October 23, to attend several events including the culmination of the MassKara Ferstival.

READ MORE: MassKara festival means PH ready to resume pre-pandemic activities

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