LATEST PUBLICATIONS
PIDS Book 2021-01
Revitalizing Philippine Irrigation: A Systems and Governance Assessment for the 21st Century
DP 2020-59
Giving Cash to the Poor: A Study of Pantawid Pamilya Cash Grants Generosity, Frequency, and Modality
DP 2020-58
Exploring the Feasibility of Content Analysis in Understanding International Cooperation in APEC
DP 2020-57
Correlates of Test Performance of 15-year-old Students in the Philippines: Evidence from PISA
Revitalizing Philippine Irrigation: A Systems and Governance Assessment for the 21st Century
DP 2020-59
Giving Cash to the Poor: A Study of Pantawid Pamilya Cash Grants Generosity, Frequency, and Modality
DP 2020-58
Exploring the Feasibility of Content Analysis in Understanding International Cooperation in APEC
DP 2020-57
Correlates of Test Performance of 15-year-old Students in the Philippines: Evidence from PISA
The Electric Power Industry Reform Act (EPIRA) is one of the landmark pro-market reforms implemented to achieve reliable and competitively priced electricity in the Philippines. Due to its perceived ineffectiveness, however, the law has been subjected to a number of criticisms with some calling for its review, if not an outright repeal. Generally, EPIRA adopted the “ideal” textbook architecture of the competitive energy markets found to be historically successful in Argentina, Canada, Brazil, and Australia, among others (Joskow 2008). Such adoption led to the creation of institutional arrangements and restructuring intended to provide long-term benefits and ensure that prices reflect the efficient economic cost of supplying electricity and service quality attributes (Joskow 2008). Thus far, two major findings stood out. First, the EPIRA appears to be a well-thought power sector reform design, having followed most of the features of the kind of reform structuring found to be successful historically. Second, significant progress has been attained. Although, a number of measures should be in place to sustain the progress and promote more competitive power supply and retail rates for all consumers. These measures include policy changes in the subcomponents of the power industry such as generation, transmission, and distribution; and improvement in other areas such as reduction of system losses and universal charges, socialized pricing mechanism, taxes, and demand-side management.
Philippine Institute for Development Studies | |
Authors | Keywords |
Brucal, Arlan Z.I.; Ancheta, Jenica A. ; | EPIRA; electricity; Electric Power Industry Reform Act; power sector; energy sector; reform; |
Download PDF | Number of Downloads |
Published in 2018 and available in the PIDS Library or can be downloaded as full text | Downloaded 5,229 times since December 10, 2018 |