Effects of the Electric Power Industry Reform Act of 2001 (EPIRA) on Meralco Consumers

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.