January 28, 2021 | 7:44 pm Font Size
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THE Independent Electricity Market Operator of the Philippines (IEMOP) said Thursday that it hopes to begin commercial operations in Mindanao by late June, while also launching the enhanced design of the market in the Luzon and Visayas over the same time frame.
Last month the Energy Regulatory Commission approved the WESM’s (Wholesale Electricity Spot Market) Price Determination methodology, in the form of a manual of WESM guidelines, principles and pricing mechanisms.
IEMOP is a non-profit corporation that operates the WESM and the central registration body for the retail competition and open access. WESM is the venue for generators to sell excess power not covered by contracts, and where customers can buy additional output on top of these contracts.