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.”
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