Examination Retake Policy Overview
39 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition

Podcast

Play an AI-generated podcast conversation about this lesson

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.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Related Documents

    EE 53_7920 Reexamination of Failed PDF
    EE 53_EPIRA_RA9136 PDF

    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.

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser