Pulido formally elected president of PEMC mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Published July 16, 2021, 8:00 AM
The Philippine Electricity Market Corporation (PEMC), which is the governance body of the Wholesale Electricity Spot Market (WESM), has tightened its monitoring systems on the outcomes as well as compliance of trading participants relative to the recent enforcement of a five-minute dispatch in the spot market.
For that purpose, PEMC stated that it instituted the compliance post-evaluation monitoring system (CPEMS) as well as the new market assessment system (NMAS) as oversight toolbox to apprehend any breaches that may be committed in the spot market.
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As particularly noted, the Enforcement and Compliance Office (ECO) and Market Assessment Group (MAG) of PEMC had been “hard at work developing the systems that would monitor market participant compliance and market assessment through data acquisition, real-time monitoring and report preparation.”
Published July 12, 2021, 2:00 PM
The operator of the Wholesale Electricity Spot Market (WESM) is temporarily enforcing ‘relaxed rules’ – for at least three months, on the prudential requirement (PR) as well as dispatch conformance of trading participants in the Mindanao spot market.
According to Robinson Descanzo, chief operating officer of the Independent Electricity Market Operator of the Philippines (IEMOP), “for the initial operation of WESM (in Mindanao), we relaxed the compliance on dispatch and prudential guarantee.”
The commercially binding price settlements for WESM-Mindanao will start October 26 this year, hence, the easing of the rules are anticipated to stay within July to September.
PEMC takes shot at Pacquiao s inaccurate charges vs IEMOP, DOE powerphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from powerphilippines.com Daily Mail and Mail on Sunday newspapers.
Published July 7, 2021, 1:47 PM
An official of the Department of Energy (DOE), who reportedly resigned recently from his post, is well anticipated by power industry players as the next president of the Philippine Electricity Market Corporation (PEMC), which is the governance body of the Wholesale Electricity Spot Market (WESM).
That expectation, according to highly placed industry sources, was intensified after the July 1 nomination of former DOE Assistant Secretary Leonido J. Pulido III as independent director of the PEM Board.
The election of the next president will be from the roll of elected directors into the board of PEMC – and the voting is tentatively targeted by July 12 this year.