MANILA, Philippines — Energy Secretary Alfonso Cusi is open to a proposal to allow the Philippine Stock Exchange (PSE) operate the country’s trading floor for electricity. Cusi said the Department of Energy (DOE) is conducting a study on the PSE’s proposal to operate the wholesale electricity spot market (WESM). Business ( Article MRec ), pagematch: 1, sectionmatch: 1In July, Cusi ordered the creation of a transition committee for the interim management of PEMC and WESM. Cusi said the transition committee would foster transparency in the electricity spot market. The transition committee will also determine whether it is time to transfer the operations of WESM to an IMO.

Source: Philippine Star October 22, 2017 16:07 UTC