In a Philippine Electricity Market Corp. (PEMC) event on December 22, lawyer Francis Saturnino Juan said the proposal came from stakeholders and among those gathered during consultations. Juan said stakeholders or market participants can amend rules that could allow the WESM to become a for-profit market operator. Foreign entities can also bid to run the spot market. Republic Act 9136, or the Electric Power Industry Reform Act of 2001 (Epira), mandates the DoE and power industry players to establish a power spot market. Electricity is already being traded on the WESM, which is run by the Philippine Electricity Market Board.

Source: Manila Times December 25, 2017 16:41 UTC