THE Department of Energy (DoE) has issued a circular governing the creation of an independent market operator (IMO) to run the Wholesale Electricity Spot Market (WESM) starting June.
Department Circular DC2018-01-0002, signed on January 17, said the IMO shall be independent from the Philippine Electricity Market Corp. (PEMC)—which has been operating the spot market since 2003—and registered as a private company.
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