BusinessWorld
February 28, 2021 | 8:36 pm
PEMC made the announcement in an advisory on its website.
MSPs provide equipment for metering installation and make reports to metered trading participants in the wholesale electricity spot market (WESM). The WESM is where generators sell excess power not covered by contracts, and where customers can buy additional output on top of these contracts.
In a Feb. 22 advisory, PEMC announced to market participants that it started monitoring MSPs since the start of the January billing month.
“PEMC and IEMOP agreed on a transition plan for the conduct of the MSP performance rating. In the said transition plan, IEMOP will complete the monitoring of MSP performance until CY (calendar year) 2020 and PEMC will assume the function effective CY 2021,” PEMC said in its advisory.