Excerpt -
The Philippine electricity industry has been restructured by virtue of the Republic Act No.9136 (R. A. 9136), which is the Electric Power Industry Reform Act of 2001. The centralized operational approach has changed to a competitive framework. This kind of set-up is new to the country. Generation, transmission and distribution of electric energy are now more of a market environment. Generation companies, Gencos, are used to be owned by the state together with the power transmission company, Transco. In the separation of these two components, Gencos will be sold to private corporations and investors. Transco is to be privatized and work as a single entity. Distribution utilities, Discos, will retain their regulated environment and will have private companies and public cooperatives to run Discos. Another important part of electricity deregulation in the Philippines is the establishment and operation of the Philippine Electricity Market Corporation (PEMC). Energy will be traded by power producers and consumers more like a stock market at the Wholesale Electricity Spot Market (WESM).
With the changes happening in the electricity industry, the power engineering education should rightly come with self-transformation. To enable the future power engineers who will handle jobs and positions in the deregulated industry the academe should respond and assess the modifications and improvements that need to be done. Power engineering education feeds the power engineering profession.
See Full Paper -Electric Power Education
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