Abstract:
The Electricity Industry in the Philippines has been burdened with a lot of
problems. The financial situation of Napocor and an impending power crisis led the
government to restructure the industry. The task of providing electricity to the people
would be passed on into the hands of the private sector to relieve the government of some
concerns so that it could concentrate on other important matters.
The Power Reform Act provided the solution to the query of the government. It
contained provisions that would permit private companies to enter the industry.
Competition would ensue due to the influx of competitors resulting to better services and
eventually affordable prices. As a consequence, investors would gain confidence on our
economy. They would invest capital providing stability to the country. This would be
good in terms of the status of the government especially to President Gloria Macapagal-Arroyo.
Meralco for its part has provided its consumers with quality, reliable and secure
electricity. This has been validated by respondents constituting roughly 75%. However,
their only complaint is the expensive rate that is charged to them.
As a final note, a stable economy and satisfied constituents would yield high
ratings for the President. These things would make EPIRA effective in solving the
problems of the industry.
