ELIGIBLE RE FACILITIESBiomass Waste to Energy Technology Wind Energy Solar Energy Run-of-river Hydroelectric Power Systems Impounding Hydroelectric Power Systems Ocean Energy Geothermal Energy Hybrid Systems |
What is the Renewable Energy Market?The Philippine Renewable Energy Market (REM) is the venue for the trading of RE Certificates equivalent to an amount of power generated from RE resources, and is intended as a facility for Mandated Participants to comply with their Renewable Portfolio Standards (RPS) obligations. The RPS refers to a market-based policy that mandates electricity suppliers to source an agreed portion of their energy supply from eligible RE resources contributing to the growth of the RE industry in the country.
The Renewable Energy Act (R. A. 9513) or the RE Act is the legislation that provides for the establishment of the REM. Pursuant to Section 8 of the RE Act, the Department of Energy (DOE) shall establish the REM and shall direct the Philippine Electricity Market Corporation (PEMC) to incorporate changes to the Wholesale Electricity Spot Market (WESM) Rules for the operation of the REM under the WESM. The objectives of the REM are to:
|
Distribution UtilitiesElectric Cooperatives (ECs) and Private Distribution Utilities (PDUs) for their captive customers
|
Retail Electricity SuppliersAll Suppliers of Electricity for the Contestable Market, as defined by the EPIRA and pursuant to Retail Competition and Open Access (RCOA)
|
Generation CompaniesGenerating Companies (GenCos) only to the extent of their actual supply to their directly connected customers (DCCs)
|
The Independent Electricity Market Operator of the Philippines (IEMOP) is a non-stock, non-profit corporation that serves as the Market Operator of the Wholesale Electricity Spot Market (WESM) and the Central Registration Body for Retail Competition and Open Access (RCOA).
|
GET IN TOUCH |