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:

1. Ensure the quality, reliability, security and affordability of tbe supply of electric power;
2. 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;
3. Enhance the inflow of private capital and broaden the ownership base of the power generation, transmission and distribution sectors; and
4. Protect the public interest as it is affected by the rates and services of electric utilities and other providers of electric power.