WHEREAS, under Republic Act No. 9136 or the Electric Power Industry Reform Act of 2001 (EPIRA), it is hereby declared policy of the state to, among others:

a. ensure the reliability and quality of supply of electric power;

b. ensure transparent and reasonable prices accountability 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; and

c. protect the public interest as it is affected by the rates and services of electric utilities and other providers of electric power.