Declaring the Launch of the Interim Mindanao Electricity Market (IMEM) and Terms and Conditions for the Commencement of the Full Commercial Operations of the IMEM
WHEREAS, Section 2 of Republic Act No. 9136, otherwise known as the "Electric Power Industry Reform Act 2001" (EPIRA), declares as a policy of the state to ensure the quality, reliability, security, and affordability of the supply of electric power;
WHEREAS, Republic Act No. 7638 or the "Department of Energy Act of 1992", as amended by Section 37 of the EPIRA, authorized the Department of Energy (DOE) to exercise supervision and control over all government activities relative to energy projects and to formulate rules and regulations necessary to implement the objectives of these laws;