Philippines: Electric Power Industry Reform Act

This policy aims to develop indigenous resources, to reduce the cost of electricity, and to promote foreign investment in the sector. It liberalizes the power sector, setting deregulation measures and privatization in motion by requiring state-owned utility National Power Corporation (Napocor) to break up its vertically integrated structure into smaller generation, transmission and distribution structures. The opening allows the participation of any competitive technology, including renewables. The removal of subsidies will level the playing field for renewable technologies by making the price of conventional fuels reflect their true market value.

Date Implemented: 2001

Status: In Force; Framework Policy

References: "New and Renewable Energy Resource Development;" Country Analysis Brief: Philippines

http://www.eia.doe.gov/emeu/cabs/philippines.html