Signed on October 20, 2015

WHEREAS, Republic Act No. 9136, otherwise known as the Electric Power Industry Reform Act of 2001 (EPIRA)," declares among others the following policy of the State:

(a) Ensure the quality, reliability, security and affordability of the supply of electric power;

(b) Ensure transparent and reasonable prices of electricity 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;