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Philippine Electricity Market Corporation (PEMC)

The Philippine Electricity Market Corporation (PEMC) is a non-profit organization established in 2003 by the Department of Energy to govern the Philippine Wholesale Electricity Spot Market (WESM) for over 10 years. PEMC remains the governing body of WESM through its Board of Directors and committees to ensure power, efficiency, a competitive market and competition in the energy industry. PEMC is responsible for reviewing and amending WESM rules, submitting compliance reports to DOE, and improving billing and settlement systems.

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143 views5 pages

Philippine Electricity Market Corporation (PEMC)

The Philippine Electricity Market Corporation (PEMC) is a non-profit organization established in 2003 by the Department of Energy to govern the Philippine Wholesale Electricity Spot Market (WESM) for over 10 years. PEMC remains the governing body of WESM through its Board of Directors and committees to ensure power, efficiency, a competitive market and competition in the energy industry. PEMC is responsible for reviewing and amending WESM rules, submitting compliance reports to DOE, and improving billing and settlement systems.

Uploaded by

hattori heiji
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

PHILIPPINE

ELECTRICITY
MARKET
CORPORATION
(PEMC)
PHILIPPINE ELECTRICITY MARKET
CORPORATION (PEMC)

• is a non-stock, non-profit corporation incorporated in


November 2003 upon the initiative of the Department of
Energy (DOE) with representatives from the various sectors
of the electric power industry
• served as the autonomous group market operator and
governing body of the Philippine Wholesale Electricity Spot
Market (WESM) in over ten (10) years.
OUR ROLE

• The PEMC remains as the governing body of the WESM


primarily through the PEM Board of Directors and the WESM
Governance Committees.
• PEMC’s role is to remain steadfast and proactive in its
mission to ensure that there is POWER, EFFICIENCY, MARKET,
and COMPETITION in the energy industry through the
effective and efficient governance of the WESM.
RESPONSIBILITIES OF THE PHILIPPINE ELECTRICITY
MARKET CORPORATION (PEMC). IN PURSUIT OF ITS
ROLE OF ENSURING THE CREDIBILITY OF THE WESM,
PEMC IS HEREBY DIRECTED TO UNDERTAKE THE
FOLLOWING:
1. Review the WESM rules and recommend amendments
where necessary to support the directives issued to NEA;
2. Submit a monthly report to the DOE on the compliance with
PR and issuances of Margin Call notices to WESM Trading
Participants; and
3. Identify and implement necessary improvements in the
billing and settlement systems to ensure timely provision of
information to WESM members, DOE and ERC

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