| This policy brief evaluates the Electric Power Industry Reform Act (EPIRA) of 2001. It highlights EPIRA's goal to restructure the Philippine energy sector, promote competition, and attract private investment to improve electricity quality, reliability, and affordability. Despite these aims, the brief indicates that EPIRA has not fully achieved equitable and competitive electricity pricing. It suggests that further reforms are needed to address persistent challenges within the energy sector, ultimately aiming to foster a more competitive market and reduce electricity rates for consumers. |