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    Philippine Electricity Market Corporation (PEMC)

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    hattori heiji
    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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    Philippine Electricity Market Corporation (PEMC)

    Uploaded by

    hattori heiji
    29 views5 pages
    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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    PEMC

    Original Title

    PEMC

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    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.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    29 views5 pages

    Philippine Electricity Market Corporation (PEMC)

    Uploaded by

    hattori heiji
    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.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 5

    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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