Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
NINETEENTH CONGRESS 
First Regular Session 
HOUSE BILL NO. _______ 
Introduced by HON. GUS S. TAMBUNTING 
AN ACT AMENDING SECTION 28 OF THE REPUBLIC ACT NO. 9136 
OTHERWISE KNOWN AS ELECTRIC POWER INDUSTRY REFORM ACT OR 
EPIRA OF 2001  
EXPLANATORY NOTE 
One of the priority bills of President Ferdinand R. Marcos, Jr. in his 2022 State of the 
Nation Address (SONA) is amending the EPIRA law.  
This aims to improve the implementation of the law’s provisions and enhance its 
effectiveness to address high cost of electricity, alleged market collusion, and 
insufficient power supply.   
One of the objectives of EPIRA is to broaden the ownership base in the industry. 
However, there are some conflicts in the laws of monopoly and concentration of 
ownership that hinder the broadening of ownership.  
Lowering the caps would invite better investment and infuse healthy competition which 
EPIRA envisions will drive the prices of electricity at reasonable costs. 
This law aims to solve such a problem. 
On behalf of the people of Parañaque City’s Second District, and for the common good 
of the Filipino people, the approval of the said measure is earnestly sought. 
REP. GUS S. TAMBUNTING 
2nd District, Parañaque City 
August 31, 2022
8:54 am
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Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
NINETEENTH CONGRESS 
First Regular Session 
HOUSE BILL NO. _______ 
Introduced by HON. GUS S. TAMBUNTING 
AN ACT AMENDING SECTION 28 OF THE REPUBLIC ACT NO. 9136 
OTHERWISE KNOWN AS ELECTRIC POWER INDUSTRY REFORM ACT OR 
EPIRA OF 2001  
Be it enacted by the Senate and House of Representatives of the Philippines in 
Congress assembled: 
SECTION 1. Section 28 of EPIRA is amended as follows 
SEC. 28. De-Monopolization and Shareholding Dispersal. – In compliance with the 
constitutional mandate for dispersal of ownership and de-monopolization of public 
utilities, the holdings of persons, natural or juridical, including directors, officers, 
stockholders, and related interests, in a distribution utility and their respective holding 
companies shall not exceed fifteen (15%) percent of the voting shares of stock unless 
the utility or the company holding the shares or its controlling stockholders are already 
listed in the Philippine Stock Exchange (PSE): Provided, That controlling stockholders 
of small distribution utilities are hereby required to list in the PSE within five (5) years 
from the enactment of this Act if they already own the stocks. New controlling 
stockholders shall undertake such listing within five (5) years from the time they 
acquire ownership and control. A small distribution company is one whose peak 
demand 
is 
equal 
to 
or 
less 
than 
Ten 
megawatts 
(10MW). 
The ERC shall, within sixty (60) days from the effectivity of this Act, promulgate the 
rules 
and 
regulations 
to 
implement 
and 
effect 
this 
provision. 
This Section shall not apply to electric cooperatives. 
SEC. 2.– Implementing Rules and Regulations- The DOE shall, in consultation with 
relevant government agencies, the electric power industry participants, non-
government organizations, and end-users, promulgate the Implementing Rules and 
Regulation (IRR) of the Act within sixty (60) days from the effectivity of this Act, subject 
to the approval by the Power Commission. 
SEC. 3. Separability Clause. – If any provision of this Act is held invalid or 
unconstitutional, the other provisions not so declared shall remain in force and effect. 
SEC. 4. Repealing Clause. – Pertinent provisions of Republic Act No. 7077, or the 
"Citizen Armed Force or Armed Forces of the Philippines Reservist Act", and all other 
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laws, decrees, executive orders, and rules and regulations contrary to or inconsistent 
with the provisions of this Act are hereby repealed or amended accordingly. 
 
SEC. 5. Effectivity. – This Act shall take effect fifteen (15) days after its publication in 
the Official Gazette or a newspaper of general circulation. 
 
Approved,