THE Department of Energy (DoE) on Tuesday unveiled a renewable energy (RE) market system as part of efforts to boost the use of this nonconventional energy resource in the country.
The Philippine Renewable Energy Market System (Prems) is an online platform which shall be used by the RE registrar, the Philippine Electricity Market Corp. (PEMC), to handle registration and contract management, renewable energy certificate (REC) allocations and transactions, compliance with renewable portfolio standards (RPS), and reports management.
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