Marcos Jr says looking at power industry reforms to bring down electricity costs

ABS-CBN News

MANILA – President-elect Ferdinand “Bongbong” Marcos Jr said on Thursday he wants to study a proposal to scrap the value added tax on power generation and move it instead to power distribution to bring down power costs. “That’s one of the things we’re looking at. Meron talagang pwedeng ano eh—it’s even on the spot market, the transmission charge, there are areas na pwede pa nating ibaba eh.”“So again, I’ve been talking to some of the producers, sa ating energy production side natin, willing naman sila, naintindihan naman nila that this is an emergency situation,” he said.He said he is also looking at amending the Electric Power Industry Reform Act (EPIRA).“We have to be very strict in enforcing EPIRA but beyond that we also have to look at possible amendments to EPIRA. Dahil medyo naka-outdated na yung ibang provisions ho sa EPIRA, kasi nagbago na yung sistema,” he told a press briefing.“Just the division between production, transmission and distribution, that was--EPIRA was supposed to take care of that pero iba yung nangyari,” he added.The only son and namesake of the former dictator did not specify which EPIRA provisions he wanted amended.Signed in 2001, the EPIRA hoped to give the Philippines reliable and competitively priced electricity.In a 2018 paper, the Philippine Institute of Development Studies (PIDS) noted that EPIRA achieved its goal of improving the reliability, quality, and affordability of power supply in the Philippines, as well as increasing the number of electrified households and improving efficiency in both the generation and transmission sectors.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/09/18/20/house-panel-approves-bills-extending-electricity-lifeline-rate-under-epira-law">House panel approves bills extending electricity lifeline rate under EPIRA law</a></li></ul>

President-elect Ferdinand “Bongbong” Marcos Jr. said on Thursday said that the Philippines should look into amending the EPIRA law. 

Marcos Jr says looking at power industry reforms to bring down electricity costs | ABS-CBN

Halalan 2025

Entertainment

News

Metro.Style

Lifestyle

Sports

More

Traffic

Horoscope

Business

Marcos Jr says looking at power industry reforms to bring down electricity costs

Marcos Jr says looking at power industry reforms to bring down electricity costs

ABS-CBN News

Published May 26, 2022 02:23 PM PHT

|

Updated May 26, 2022 02:38 PM PHT

Read More:

EPIRA

EPIRA Law

power

electricity

kuryente

electricity prices

power prices

presyo ng kuryente

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.