Quezon city: Power firms must now list with the Philippine Stock Exchange (PSE) to comply with the Electric Power Industry Reform Act (EPIRA), as stated by the Energy Regulatory Commission (ERC) chief. On October 16, the ERC introduced simplified guidelines for power generation firms and electric distributors to meet the public offering requirement (POR), mandating that industry players sell at least 15 percent of their ownership to the public through PSE listing or by selling stakes to the public.

According to Philippines News Agency, ERC Chairperson and CEO Francis Saturnino Juan, speaking at the 3rd Philippine Hydro Summit and Exhibit in Quezon City, emphasized that the revised rules are designed to be more accessible and predictable for companies. Juan explained that listing with the PSE is a straightforward way for firms to comply with EPIRA standards, thereby supporting the restructuring and modernization of the power industry.

Juan noted that these changes ensure public participation in the energy sector, aligning with the ERC’s mission to regulate effectively and prioritize consumer welfare. During his first 100 days in office, Juan has focused on addressing long-standing delays in the rate reset process for private distribution utilities (PDUs) and implementing the Rationalized Rules for Setting Distribution Wheeling Rates (RRDWR).

His administration has also approved a new Feed-in Tariff Allowance (FIT-All) rate, balancing the growth of renewable energy with affordable electricity rates for Filipinos. Other reforms include simplifying net metering procedures and standardizing rules across distribution utilities, along with developing resolutions for Ancillary Services Procurement Agreements and expanding the Lifeline Program coverage, in response to President Ferdinand R. Marcos Jr.’s 2025 State of the Nation Address.