Yesterday I was discussing, with some people that have more inside information than I do, the time line for introduction of Retail Competition (or Retail Access – the ability to chose who you buy power from).
Supposedly, the sale of Calaca, which was awarded last week to DMCI, should start the EPIRA clock ticking on the introduction of Retail Competition. But what does that clock look like? You really can’t find it in EPIRA or its IRRs (Implementing Rules and Regulations). You have to piece it together.
This is the view I synthesized from my conversation:
EPIRA requires Retail Competition no later than mid-2004 (three years after the Act). But based on the above, we’ll be luck to see Retail Access within ten years of EPIRA’s passage.
Is it really going to be that long. Is the above correct? I don’t know where they got the concepts of ERC Notification and DOE Declaration nor why there is a six month delay tagged onto each.