Examination Retake Policy Overview
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Questions and Answers

What minimum average grade must an applicant achieve in repeated subjects to avoid being CONDITIONED again?

  • 70% (correct)
  • 60%
  • 50%
  • 80%

    • An applicant can retake subjects with a grade of 60% or higher without any restrictions.

    True

    What happens to an applicant who obtains a grade below 70% after retaking the subject?

    They will be CONDITIONED again.

    An applicant who has a grade below ________ is allowed to retake the subject.

    <p>50%</p> Signup and view all the answers

    Match the following conditions with the correct outcomes:

    <p>Grade below 50% = Allowed to retake Average grade of 70% = Avoid being CONDITIONED Grade below 70% after retake = Must retake again Grade of 80% = Pass the subject</p> Signup and view all the answers

    What is the primary purpose of a generation company developing dedicated point-to-point limited transmission facilities?

    <p>To connect to the transmission system</p> Signup and view all the answers

    The ERC has the authority to determine the fair market value of assets in case of a pricing disagreement.

    <p>True</p> Signup and view all the answers

    What corporate power allows TRANSCO to modify its corporate seal?

    <p>To adopt and use a corporate seal</p> Signup and view all the answers

    In the event that assets are required for competitive purposes, ownership must be transferred to TRANSCO at a ________ market price.

    <p>fair</p> Signup and view all the answers

    Match the following corporate powers of TRANSCO with their descriptions:

    <p>To have continuous succession = Ensures the corporation can exist indefinitely To sue and be sued = Grants legal standing to enter litigation To borrow funds = Allows the corporation to finance its operations To enter into contracts = Enables the corporation to engage in legal agreements</p> Signup and view all the answers

    Who holds the exclusive power to grant franchises for electricity transmission and distribution in the Philippines?

    <p>The Congress of the Philippines</p> Signup and view all the answers

    Electric cooperatives are allowed to renew and cancel their franchises independent of the National Electrification Commission for five years.

    <p>False</p> Signup and view all the answers

    What is the maximum percentage of voting shares that a person can hold in a distribution utility without being listed in the Philippine Stock Exchange?

    <p>25%</p> Signup and view all the answers

    A small distribution company is one whose peak demand is equal to or less than _____ megawatts.

    <p>10</p> Signup and view all the answers

    What must new controlling stockholders of small distribution utilities do within five years of acquiring ownership?

    <p>List in the Philippine Stock Exchange</p> Signup and view all the answers

    Match the following terms with their correct definitions:

    <p>Congress of the Philippines = Body responsible for granting franchises ERC = Regulatory body for electricity supply National Electrification Commission = Manages renewals for electric cooperatives Small distribution utility = One with demand less than or equal to 10 MW</p> Signup and view all the answers

    Suppliers of electricity to the contestable market do not require a license from the ERC.

    <p>False</p> Signup and view all the answers

    What is the minimum aggregate demand required for aggregators to supply electricity to end-users?

    <p>750 kW</p> Signup and view all the answers

    Retail competition and open access for electric cooperatives can begin immediately after the implementation of the Act.

    <p>False</p> Signup and view all the answers

    What is the time limit for the ERC to promulgate rules and regulations after the effectivity of this Act?

    <p>60 days</p> Signup and view all the answers

    What is referred to as stranded debt of NPC?

    <p>Unpaid financial obligations of NPC</p> Signup and view all the answers

    The ERC will conduct a review of stranded cost recovery every ______ year.

    <p>year</p> Signup and view all the answers

    Match the following terms with their definitions:

    <p>Stranded Debt = Unpaid financial obligations of NPC Stranded Contract Costs = Excess contracted cost of electricity over selling price ERC = Energy Regulatory Commission IPP = Independent Power Producer</p> Signup and view all the answers

    Which authority has exclusive power over the Grid Code and related regulations in the electricity sector?

    <p>Energy Regulatory Commission (ERC)</p> Signup and view all the answers

    What amount will the national government assume for NPC's financial obligations?

    <p>200 billion pesos</p> Signup and view all the answers

    The DOE aims to discourage private sector investments in the electricity sector.

    <p>False</p> Signup and view all the answers

    The recovery duration for stranded debt cannot be shorter than ten years.

    <p>True</p> Signup and view all the answers

    What is one goal of the DOE after the restructuring of the electricity sector?

    <p>To facilitate and encourage reforms in the structure and operations of distribution utilities.</p> Signup and view all the answers

    The __________ is responsible for promoting indigenous and renewable energy sources.

    <p>Department of Energy (DOE)</p> Signup and view all the answers

    Stranded contract costs are determined based on the ______ of electricity under eligible contracts.

    <p>excess</p> Signup and view all the answers

    Match the following components of the PDP with their related actions or objectives:

    <p>Grid Code = Exclusive authority of ERC Private sector investments = Encouraged by DOE Information campaign = Educating the public Distribution utilities = Reformed for efficiency</p> Signup and view all the answers

    What is not included in the qualifications for electricity suppliers as prescribed by the ERC?

    <p>Market dominance</p> Signup and view all the answers

    Electricity suppliers must secure a national franchise to operate in the contestable market.

    <p>False</p> Signup and view all the answers

    What body is responsible for implementing regulations concerning abuse of market power in electricity supply?

    <p>ERC</p> Signup and view all the answers

    The DOE shall establish a wholesale electricity spot market within ________ year from the effectivity of this Act.

    <p>one</p> Signup and view all the answers

    Match the following authority or entity with their function:

    <p>ERC = Promulgates rules for electricity suppliers DOE = Establishes wholesale electricity spot market Electricity Suppliers = Provide service to contestable market Market Participants = Set prices based on contracts</p> Signup and view all the answers

    What must suppliers identify in their billings to end-users?

    <p>Components of the supplier's charge</p> Signup and view all the answers

    The prices charged by electricity suppliers in the contestable market are regulated by the ERC.

    <p>False</p> Signup and view all the answers

    What does the ERC have the authority to require from electricity suppliers to ensure market stability?

    <p>A bond or other evidence of financial ability</p> Signup and view all the answers

    Study Notes

    Reexamination Policy

    • Applicants can retake specific subjects multiple times, but only those where a grade below 50% was received.
    • To successfully pass a repeated subject, an average grade of at least 70% must be achieved across attempts.
    • If a grade of less than 70% is obtained upon retake, the applicant is designated as CONDITIONED.
    • CONDITIONED applicants are required to retake the examination for the same subject until achieving a grade of 70% or higher.

    TDP and DOE Integration

    • The TDP must be submitted to the DOE for alignment with the Power Development Program and the Philippine Energy Plan under Republic Act No. 7638.
    • Generation companies can develop and own limited transmission facilities for point-to-point connectivity to the transmission system, exclusively for their generating facility use.

    TRANSCO Corporate Powers

    • TRANSCO is recognized as a corporate entity with powers to:
      • Maintain continuous succession under its corporate name.
      • Adopt and modify a corporate seal as needed.
      • Sue and be sued for corporate matters.
      • Engage in contracts necessary for its purpose.
      • Borrow funds and issue bonds; franchises are restricted to the Congress of the Philippines.

    Ownership and Shareholding Limits

    • Individual and corporate holdings in distribution utilities cannot exceed 25% voting shares unless listed on the Philippine Stock Exchange (PSE).
    • Small distribution companies, defined as having a peak demand of 10MW or less, must list in the PSE within five years of new ownership.

    Supply Sector Regulations

    • The supply sector is a public interest business; suppliers must secure a license from the ERC.
    • ERC sets qualifications for electricity suppliers, including financial capability and technical ability.
    • Selling electricity to the contestable market does not require a national franchise, and prices are not regulated by the ERC.

    Wholesale Electricity Spot Market

    • A wholesale electricity spot market must be established by the DOE within one year of the law's effectivity to determine electricity prices.
    • Rules for the market will be created to ensure fairness among participants and reflect economic principles.
    • Aggregators are permitted to supply electricity to end-users with a combined demand of at least 750kW.

    NPC Financial Obligations

    • NPC "stranded debt" refers to unpaid obligations, while "stranded contract costs" represent excess contracted costs over actual market prices.
    • The national government may assume up to P200 billion in financial obligations.
    • ERC oversees the verification and recovery process of stranded costs over 15 to 25 years.

    Distribution Utilities Contract Costs

    • Stranded contract costs relate to the difference in contracted electricity costs and market prices as of December 31, 2000.
    • PDP integrates development plans across transmission, generation, and distribution sectors under DOE oversight.

    DOE’s Role After Restructuring

    • Post-restructuring, the DOE is tasked to:
      • Encourage private investment in the electricity sector.
      • Promote indigenous and renewable energy sources.
      • Facilitate reforms in distribution utility operations for efficiency.
      • Launch public education campaigns about sector restructuring and privatization of NPC assets.

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    Description

    This quiz covers the reexamination policy for applicants regarding specific subjects. Applicants may retake subjects multiple times, but must achieve an average grade of 70% to pass. Those who do not meet this requirement will be designated as CONDITIONED and must retake the exam until successful.

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