Live Breaking News & Updates on Philippine Electricity Market Corp|Page 12

Stay updated with breaking news from Philippine electricity market corp. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

DoE targets June launch for new WESM setup


BusinessWorld
May 23, 2021 | 6:23 pm
THE Department of Energy (DoE) hopes to launch by June 26 various rule changes to the wholesale electricity spot market (WESM), which will reduce the time between scheduling and dispatch of power, among others, according to an advisory posted last week on the department’s website.
According to the advisory, before receiving DoE clearance to launch the enhanced WESM design and operations (EWDO), the Philippine Electricity Market Corp. (PEMC) must attest to the market readiness of the three major island groups, the DoE said.
Other proposed changes to WESM operations include automatic pricing corrections and one-part settlements of energy trading amounts, the Independent Electricity Market Operator of the Philippines (IEMOP) said in January. ....

Philippines General , Angelicay Yang , National Grid Corp , Department Of Energy Do , Philippine Electricity Market Corp , Philippine Electricity Market , Independent Electricity Market Operator , Secretary Alfonso , Mindanao Visayas Interconnection Project , National Grid , பிலிப்பைன்ஸ் ஜநரல் , தேசிய கட்டம் கார்ப் , துறை ஆஃப் ஆற்றல் செய் , பிலிப்பைன் மின்சாரம் சந்தை கார்ப் , பிலிப்பைன் மின்சாரம் சந்தை , சுயாதீனமான மின்சாரம் சந்தை ஆபரேட்டர் , செயலாளர் அல்போன்சோ , தேசிய கட்டம் ,

PEMC to take over supervision of metering services providers


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. ....

Angelicay Yang , Robinsonp Descanzo , Philippine Electricity Market Corp , Electricity Market , Independent Electricity Market Operator , Chief Operating Officer Robinson , பிலிப்பைன் மின்சாரம் சந்தை கார்ப் , மின்சாரம் சந்தை , சுயாதீனமான மின்சாரம் சந்தை ஆபரேட்டர் , தலைமை இயங்குகிறது அதிகாரி ராபின்சன் ,