WE ARE PEMC
The Philippine Electricity Market Corporation (PEMC) is a non-stock, non-profit corporation incorporated in November 2003 upon the initiative of the Department of Energy (DOE) with representatives from the various sectors of the electric power industry. The PEMC served as the autonomous group market operator and governing body of the Philippine Wholesale Electricity Spot Market (WESM) in over ten (10) years.
The WESM is a centralized venue for buyers and sellers to trade electricity as a commodity where its prices are determined based on actual use (demand) and availability (supply). It was created pursuant to Republic Act 9136, also known as the Electric Power Industry Reform Act (EPIRA) of 2001. The WESM began commercial operations in Luzon in June 2006 and in the Visayas in December 2010.
OUR ROLE
The EPIRA mandated the formation of an independent entity to which the market operator functions, assets, and liabilities will be transferred. With this, the Department of Energy (DOE), along with the electric power industry market participants, endorsed the transfer of the WESM operations from PEMC to the Independent Electricity Market Operator of the Philippines (IEMOP) on 26 September 2018.
The PEMC remains as the governing body of the WESM primarily through the PEM Board of Directors and the WESM Governance Committees.
PEMC’s role is to remain steadfast and proactive in its mission to ensure that there is POWER, EFFICIENCY, MARKET, and COMPETITION in the energy industry through the effective and efficient governance of the WESM.
Company Details
- Employees
- 164
- Founded
- -
- Address
- Adb Avenue Corner Poveda Street, Ortigas Center, 18th Floor,robinsons Equitable Tower,philippines
- Phone
- +63 286318734
- pe****@****wesm.ph
- Industry
- Oil And Gas
- NAICS
-
Oil and Gas Extraction
- Website
- wesm.ph
- HQ
- Pasig City , Philippines
- Competitors
- Energy Regulatory Commission (ERC) Philippines, Department of Energy Philippines, Energy Development Corporation, AboitizPower, ACEN Careers, Meralco PowerGen (MGEN), First Gen Corporation, MERALCO, National Grid Corporation of the Philippines, Independent Electricity Market Operator of the Philippines, Inc. (IEMOP).
Pemc Questions
Pemc's helpline number is +63 286318734
Pemc's website is wesm.ph
Pemc's LinkedIn profile is https://ph.linkedin.com/company/pemcinfo
Pemc has
164 employees.
View email and phone details for 164
employees at Pemc.
Pemc's industry is
Oil and Gas
Pemc's top competitors are
Energy Regulatory Commission (Erc) Philippines,
Department Of Energy Philippines,
Energy Development Corporation,
Aboitizpower,
Acen Careers,
Meralco Powergen (Mgen),
First Gen Corporation,
Meralco,
National Grid Corporation Of The Philippines,
Independent Electricity Market Operator Of The Philippines, Inc. (Iemop).
Pemc's support email address is pemc.info@wesm.ph
Pemc's categories are Oil and Gas
Pemc's founding year is 2003
