Acompany with P7,000 paid-up capital has taken control of the wholesale electricity spot market (WESM). That favored company is Independent Electric Market Operator of the Philippines, Rep. Jericho Nograles exposed this week. “Ginigisa ang electric users – tayong lahat – sa sariling mantika.”From submissions, IEMOP has no experience or assets to act as WESM operator. Experience supposedly was derived from the transfer of PEMC’s “system” to the “independent” IEMOP. But why is DoE the one defending the supposedly independent IEMOP, Nograles asks.

Source: Philippine Star January 23, 2020 15:56 UTC