(Period Covering November 2013 TO April 2013)
I. INTRODUCTION
The 22nd Status Report on the Implementation of Electric Power Industry Reform Act of 2001 (EPIRA) covers the period November 2012 up to April 2013 and highlights the electric power sector’s continuing efforts to put in place and meet the objectives of the power industry reforms as embodied in EPIRA, which are summarized as follows:
- For privatization, in-progress transfer by the Power Sector Assets and Liabilities Management Corporation (PSALM) of the Angat Hydro Electric Power Plant (HEPP) to the winning bidder and continuous preparations for the bid of remaining power plants and energy contracts with Independent Power Producers (IPP);
- Monitoring by the National Transmission Corporation (TransCo) of the Concession Agreement with National Grid Corporation of the Philippines (NGCP), and the continuing sale of its sub-transmission assets;
- Highlighting the operations of the Wholesale Electricity Spot Market (WESM) and the continuous monitoring and improvement undertaken to achieve better competition in the generation and supply and transparency in the utilization of electricity and prices;
- Continuing preparations to implement Retail Competition and Open Access (RCOA);
- Monitoring of supply-demand situation including the actions taken by the Department of Energy and other relevant entities to mitigate power interruptions;
- Initiatives to Address the Mindanao Power Situation;
- Monitoring of generators’ compliance to capacity limitation under Section 45 of the EPIRA; and
- Developments on the continuous implementation of total electrification program.
The Department of Energy (DOE) continuous to supervise the restructuring of the electricity industry and formulate policies towards ensuring the sufficiency and applicability of existing rules, guidelines, infrastructures and other institutional requirements necessary to achieve the goals of EPIRA in coordination with key implementing agencies and electric power industry participants.
Discussed in the succeeding Sections are the details of the progress of the sector reforms’ implementation.