The document discusses the Philippines' power supply outlook and readiness for the ASEAN Economic Community (AEC) set to begin in late 2015. It finds that power production growth in the Philippines has lagged neighbors and many existing power plants are old and prone to breakdowns. Rotating blackouts are expected in 2015 due to thin power reserves. While some large industrial users have backup power, this would drive up electricity costs. To improve supply, the document recommends bringing in more peaker plants, encouraging industrial self-generation, reducing demand through efficiency, and streamlining permits for new plants. Regional energy trade should also be enhanced to boost national and regional power supplies.