Senator Joseph Victor “JV” Ejercito on Wednesday has called for a review of Electric Power Industry Reform Act (EPIRA), citing its failure to bring down electricity rates across the country.
He said the privatization of energy companies failed to promote competition, which was expected to push down the price of electricity across the board.
“The intention was really to encourage competition and bring down the prices of electricity,” he said.
“What happened, the Napocor privatization of power plants, including the transmission, proceeded,” the senator said.
But Ejercito noted that lowering of price of electricity was never realized.
“Ang EPIRA, mukhang ipinera lang,” he said.
The EPIRA was enacted in 2001, aiming to restructure the country’s energy sector and deregulate and privatize the power industry.
However, widespread power outages in different parts of the country and the high cost of electricity have prompted lawmakers to study
possible amendments to the said law.
Aside from conducting a review of the EPIRA, the lawmaker from San Juan said Congress and pertinent agencies should also look into the
performance of energy companies operating in the country.
This includes the National Grid Corporation of the Philippines (NGCP), which recently became embroiled in controversy after lawmakers
discovered that around 40 percent of the said company is currently owned by State Gride Corporation of China.
“It’s about time that we consider review of EPIRA as a whole and likewise conduct a performance audit on the different entities,
including the NGCP, whether they are performing up to par,” Ejercito said.
The senator said such an audit would be timely, given the country’s ongoing disputes with China.
“It’s more than the performance. It’s a national security issue,” he said.