WHEN Congress passed the Electric Power Industry Reform Act in 2001(or the Epira Law), it aimed 'to ensure the quality, reliability, security and affordability of the supply of electric power.' To achieve this, the same law encourages the inflow of private capital and enjoins industry players in the distribution side to achieve economies of scale.
WHEN Congress passed the Electric Power Industry Reform Act in 2001, it aimed 'to ensure the quality, reliability, security and affordability of the supply of electric power.' To achieve this, the same law encourages the inflow of private capital and enjoins industry players in the distribution side to achieve economies of scale.
Additionally, the fragmented nature of these cooperatives results in a lack of unified negotiation power with suppliers, leading to higher procurement costs. Thus, the smaller the electric cooperatives, the less economies of scale and the more expensive the power rates. And worse, more expensive power rates are not an assurance of better reliability and service.
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