In electric power: the process of reorganizing the electric power industry in order to introduce higher efficiency, greater innovation and end-user choice. It shall be understood as covering a range of alternatives enhancing exposure of the industry to competitive market forces [Section 4(rr), Electric Power Industry Reform Act of 2001; Section 4 (ttt), Rules and Regulations to Implement Republic Act No. 9136, Entitled “Electric Power Industry Reform Act of 2001”]
Note: The IRR adopts the definition under the law, except for an adjustment to the writing style (“capitalization of defined term, “End-user”).