DoE issues new reserve market rules

In an advisory, the agency said that in light of the suspension, the reserves market will temporarily revert back to trial operations and will be subjected to several guidelines.

The first of these guidelines is the Independent Electricity Market Operator of the Philippines (Iemop) ― the market operator ― and the Philippine Electricity Market Corp. (PEMC), in charge of the wholesale electricity arm, will continue to implement the rules of the Wholesale Electricity Spot Market (WESM) and applicable DoE issuances on the reserves market.