Section 2Sec./Art. 2

Declaration of Policy. It is hereby declared the policy of the State to:

(a) Pursue sustainable rural development and poverty reduction towards nation-building through energy access for all;

(b) Accelerate total electrification and ensure the provision of quality, reliable, and secure electricity service at reasonable rates in unserved and underserved areas;

(c) Promote private sector participation in the electrification of unserved and underserved areas;

(d) Provide a competitive environment for different kinds of energy sources while prioritizing low-cost, indigenous, renewable, and environment-friendly sources of energy; and

(e) Ensure the adoption of a dynamic regulatory environment that does not impair nor inhibit end-users from accessing or enjoying the benefits of technologies and innovations in the electric power industry.