WHEREAS, Section 2 of the Republic Act No. 9136, otherwise known as the "Electric Power Industry Reform Act of 2001" (EPIRA) declared the Policy of the State, among others, the following:

1. Ensure the quality, reliability, security and affordability of the supply of electric power;
2. Ensure transparent and reasonable prices of electricity in a regime of free and fair competition and full public accountability to achieve greater operational and economic efficiency and enhance the competitiveness of Philippine products in the global market;
3. To enhance the inflow of private capital and broaden the ownership base of the power generation, transmission and distribution sectors; and
4. Protect the public interest as it is affected by the rates and services of electric utilities and other providers of electric power;