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PRESIDENT Ferdinand Marcos Jr. has urged a review of the Electric Power Industry Reform Act to ensure that it remains responsive to the current energy situation in the country.During his third State of the Nation Address on Monday, July 22, 2024, Marcos said it is the best time to look into the efficiency of the Epira law, which ordered the re-structure of the electric power industry by privatizing the generation, transmission, distribution and supply of the power sector..
The President also noted the completion of the Cebu-Negros-Panay backbone project and the energization of the Dumanjug-Corella Line of the Cebu-Bohol Interconnection Project, which is material in the stabilization of power situation in Western and Central Visayas, and avert recurrences of power outages experienced in the past particularly the four-day power outage in Panay and Guimaras Island in the first week of 2024.The P67.
Electric Power Industry Reform Act Electricity Cost Power Cost Bongbong Marcos Sona 2024 Sona Marcos Sona 2024
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