The Philippine Electricity Market Corp.’s (PEMC) board of directors has approved the creation of an independent market operator (IMO) to run the Wholesale Electricity Spot Market (WESM) starting June.
In a statement, PEMC said the operator would be a non-profit company, independent of government and industry players, that shall take over WESM’s management from PEMC, which shall remain the spot market’s governing body.
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