Competition Rules

In electric power: the rules promulgated by ERC to promote and ensure competition in the electric power industry pursuant to the Act and these Rules [Section 4(m), Rules and Regulations to Implement Republic Act No. 9136, Entitled “Electric Power Industry Reform Act...

Central Dispatch

In electric power: the process of issuing direct instructions to electric power industry participants by the grid operator to achieve the economic operation and maintenance of quality, stability, reliability and security of the transmission system [Section 4(d),...

Captive Market

In electric power: electricity end-users who do not have the choice of a supplier of electricity, as may be determined by the Energy Regulatory Commission (ERC) in accordance with this Act [Section 4(c), Electric Power Industry Reform Act of 2001] In electric power:...

Build-Operate-Transfer (BOT)

In electric power: the meaning specified by Republic Act No. 6957, as amended, otherwise known as “BOT Law” and its implementing rules and regulations [Section 4(i), Rules and Regulations to Implement Republic Act No. 9136, Entitled “Electric Power Industry Reform Act...

Bonafide Member

In electric power: a Person that has met all the requirements set forth under the applicable EC by-laws and has been enlisted as such, with voting rights under the “one-man-one-vote” cooperative principle [Section 4(h), Rules and Regulations to Implement Republic Act...

Bureau of Internal Revenue (BIR)

In electric power: an attached agency of the Department of Finance (DOF) [Section 4(f), Rules and Regulations to Implement Republic Act No. 9136, Entitled “Electric Power Industry Reform Act of 2001”] In renewable energy, trust fund: the government agency created...

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