The Department of Energy has issued a policy that will regularly assess and audit the overall performance of the power industry.
Energy secretary Alfonso Cusi has signed circular creating guidelines for the performance assessment and audit of all power generation, transmission, and distribution systems and facilities.
“The performance assessment and audit shall serve as the DOE’s tool for the assessment of the overall performance of the electric-power industry, thereby paving the way for a holistic and comprehensive development of policy that is instrumental in supporting the economic growth of the country,” it said.
DOE sees the need to adopt police for an effective enforcement and monitoring of various compliance requirements like standards, anti-competitive behavior metrics, and reportorial requirements.
This audit, as defined by the DOE, is a complete and careful inspection and examination that will determine whether systems and facilities in the power generation, transmission, and distribution sectors are meeting the standards.
The performance audit for the power generating sector will be conducted by the Grid Management Committee (GMC), Distribution Management Committee (DMC), and the Philippine Electricity Market Corp. (PEMC) – through the Enforcement and Compliance Office and Market Surveillance Committee (MSC).
Meanwhile, transmission system and facilities audit will also be done by GMC, PEMC’s MSC, and the National Transmission Corp. (Transco) and Power Sector Assets Liabilities and Management Corp. (PSALM).
The distribution sector will be audited by the DMC, GMC, PEMC, and the National Electrification Administration (NEA).
The DOE, meanwhile, will conduct the annual performance assessment through its Performance Assessment and Audit Task Force. It will also conduct an incidental or special audit when necessary – like significant incidents causing power disruption, emergency situations from natural or man-made calamities, and as directed by the energy chief.