29/05/2026
STATEMENT OF SENTRO ON THE ELECTRICITY CRISIS AND THE FAILURE OF EPIRA
POWER TO THE PEOPLE: RECLAIMING ELECTRICITY FROM OLIGARCHY AND PROFIT
SENTRO welcomes the call of Akbayan Party-list for a legislative inquiry into the continuing rise in electricity prices and the deepening burden borne by Filipino workers and consumers.
For more than two decades, the Electric Power Industry Reform Act (EPIRA) was sold to the Filipino people as the solution that would lower electricity costs, ensure reliable power supply, and promote competition in the energy sector. Today, the reality is undeniable: EPIRA has failed.
Filipino consumers continue to suffer from some of the highest electricity prices in Southeast Asia. Instead of dismantling monopolies, EPIRA entrenched oligarchic control over the power industry. Instead of genuine competition, it produced market concentration, cross-ownership, and regulatory capture. Instead of energy security, it delivered persistent vulnerability to supply instability and price volatility.
Privatization did not democratize energy. It became a highly efficient mechanism for wealth transfer — from workers, consumers, and ordinary Filipinos to a handful of power oligarchs.
While SENTRO recognizes the necessity of lifeline rates to protect the poorest consumers, we must also confront an unjust reality: under the current setup, the poor are effectively subsidizing the poorest, while large corporate players in the energy sector continue to extract enormous profits from an essential public service that should be governed by social responsibility.
Electricity is not a luxury commodity. It is a basic necessity of modern life and a foundational condition for human dignity, development, and survival. Electricity is a right that should be guaranteed for all — not a privilege reserved for those who can afford oligarchic profit rates.
The crisis demands more than incremental fixes. It requires a fundamental restructuring of the country’s energy framework. EPIRA must be replaced with a new energy policy anchored on a public pathway approach — one that treats electricity not as a commodity for accumulation, but as a public good essential to national development, industrialization, and social justice.
At the very least, any serious amendment of EPIRA must address three urgent reforms:
First, democratization of the power sector — including mandatory public ownership stakes in utilities and the democratization of electric cooperatives to ensure genuine participation of workers and consumers in governance.
Second, the strict prohibition of cross-ownership across generation, distribution, and supply chains to dismantle entrenched oligopolies and restore real competition.
Third, comprehensive reform of the Energy Regulatory Commission (ERC), transforming it into a genuinely independent regulator that defends the public interest rather than validating excessive pricing and corporate dominance.
In the long run, the Philippines must decisively shift away from fossil fuel dependence and transition toward a just and sustainable renewable energy system — one that is publicly accountable, environmentally sound, and capable of delivering affordable power to present and future generations.
Electricity must be reclaimed as a public good, governed in the interest of the many and not the profit of the few.
The time for cosmetic reform is over. The time for structural change is now.