Philippine Electricity Market Corporation

What Philippine Electricity Market Corporation does

The Philippine Electricity Market Corporation (PEMC) is a non-stock, non-profit corporation incorporated in November 2003 that serves as the statutory governance body of the Philippine Wholesale Electricity Spot Market (WESM), established under Republic Act 9136 (EPIRA). Headquartered in Pasig City with 101-250 employees, PEMC exercises market surveillance, compliance enforcement, dispute resolution, rules change management, and technical review functions over WESM participants, which include power generation companies, distribution utilities, electric cooperatives, and Retail Electricity Suppliers. Since September 2018, PEMC has transferred day-to-day market operations to the Independent Electricity Market Operator of the Philippines (IEMOP), retaining the governance, regulatory, and oversight mandate, with the Renewable Energy Market's operational functions also transferred to IEMOP effective December 2024.

PEMC's core products comprise market monitoring reports (Market Watch, Market Assessment Reports, Retail Market Assessment Reports, Over-Riding Constraints Reports), WESM Rules and Manuals, the Renewable Energy Market (REM) governance framework for REC trading, Enforcement and Compliance services, Dispute Resolution mechanisms, and WESM University training and certification programs. Its underlying technology includes surveillance and assessment IT systems certified to ISO 27001 for information security management. In August 2025, the Governance Commission for GOCCs officially excluded PEMC from GOCC Coverage, formalizing its independent governance status.

PEMC's business model is fee-based and non-commercial: as a market governance body, it is funded through market fees collected from WESM participants via the billing and settlement process, and it does not publish revenue figures. The organization serves all three major Philippine power grids (Luzon, Visayas, Mindanao), which were physically interconnected via the PHP 52 billion Mindanao-Visayas Interconnection Project (MVIP) inaugurated in January 2024. Its governance mandate extends across WESM Mindanao commercial operations (since January 2023), the 5-minute market (since June 2021), and REM (since August 2022).

Name

Philippine Electricity Market Corporation

Legal name

Philippine Electricity Market Corporation

Website

https://wesm.ph

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Short description

The Philippine Electricity Market Corporation (PEMC) is the statutory, non-profit governance body of the Philippine Wholesale Electricity Spot Market (WESM), exercising market surveillance, compliance enforcement, dispute resolution, and rules-setting over generators, distribution utilities, retail electricity suppliers, and Renewable Energy Market participants across Luzon, Visayas, and Mindanao.

Ownership category

akta.pro rank

Product category

Electricity Market Governance

NAICS

Electric Power Transmission, Control, and Distribution (22112), Regulation and Administration of Communications, Electric, Gas, and Other Utilities (92613), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric, Gas & Sanitary Services (4900), Electric Services (4911)

akta.pro industry

PRIMARYEUAGALAK

Regulatory Compliance & Market Surveillance (ISO/RTO Rules, Reporting)

Energy, Utilities & Environment/Energy Trading, Marketing & Retail Supply/Capacity, Congestion & Transmission Rights Trading (FTR/CRR/TCC)

SECONDARYFSAFAKAD

Transaction Reporting & Trade Surveillance Controls (MiFID/MiFIR, CAT, EMIR, SFTR)

Financial & Insurance/Financial Exchanges & Market Infrastructure/Market Surveillance, Compliance & Regulatory Infrastructure

Keywords

• Electricity market governance
• Wholesale spot market surveillance
• Energy compliance enforcement
• Renewable energy certificates
• Market dispute resolution

Headquarters

HQ city

Cebu

HQ country

Philippines

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Distribution channels2 records

Marketing channels9 records

Core offering

PEMC governs the Philippine Wholesale Electricity Spot Market (WESM) and the Renewable Energy Market (REM) through market surveillance, market assessment reporting, enforcement and compliance, dispute resolution, rules change management, and technical review. It operates ISO 27001-certified governance IT systems to monitor trading activity and ensure fair, transparent, and competitive electricity trading across the Luzon, Visayas, and Mindanao grids.

Product overview

PEMC offers a governance framework for the Wholesale Electricity Spot Market (WESM) comprising core market monitoring services (Market Watch reports, Market Assessment Reports, Retail Market Assessment Reports, Over-Riding Constraints Reports), regulatory services (Enforcement and Compliance, Dispute Resolution, Rules Change management), technical review and studies, and training programs (WESM University). The company also governs the Renewable Energy Market (REM) for trading Renewable Energy Certificates. All services are provided through the WESM governance structure overseen by the PEM Board and various governance committees.

Differentiator

Problem solved

Functional benefit

Products and services

• Market Watch Weekly market monitoring reports providing updates on WESM trading activities and market conditions, delivered to WESM members and stakeholders through the PEMC website.
• Market Assessment Reports Periodic reports monitoring and assessing the efficiency and competitiveness of the WESM, including Monthly, Quarterly, Seasonal, and Annual variants for market participants and regulators.
• Retail Market Assessment Reports Reports monitoring retail market performance and compliance with retail market monitoring indices under the CRMMDI framework for RCOA participants.
• Over-Riding Constraints Report Monthly monitoring reports on over-riding constraints imposed by the NGCP System Operator on generators, reviewed by PEMC's Market Surveillance Committee.
• WESM Rules and Manuals The fundamental rules, requirements, and processes that govern the operation of the Philippine WESM, including dispatch protocols, billing and settlement, and market surveillance manuals.
• Renewable Energy Market (REM) A market governance framework for trading Renewable Energy Certificates (RECs) to facilitate compliance with Renewable Portfolio Standards (RPS) obligations for mandated participants.
• Market Surveillance Service Ongoing monitoring and assessment services ensuring efficiency and competitiveness in the wholesale and retail electricity markets, including rule-based and event-based surveillance.
• Enforcement and Compliance Service Investigation and enforcement services for WESM Rule breaches, including compliance monitoring, WCO certification, and disciplinary proceedings administered to market participants.
• Dispute Resolution Service Cost-effective resolution of WESM-related disputes through mediation and arbitration, administered by the Dispute Resolution Administrator.
• Technical Review and Studies Technical committee services monitoring and reviewing technical matters relating to WESM Rules, Philippine Grid Code, and Distribution Code.
• WESM University Training and certification programs for WESM participants, including WCO certification, compliance training, and market fundamentals courses delivered through a scheduled annual curriculum.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and strategic.

• Independent Electricity Market Operator of the Philippines (IEMOP)coreTechnology or Integration · 1 September 2018On 26 September 2018, PEMC transferred the operations of the WESM to IEMOP through an Operating Agreement. PEMC retains governance functions while IEMOP manages daily operations of the wholesale electricity spot market. IEMOP is also responsible for operational functions of the Renewable Energy Market (REM) following MOA signed on 09 June 2023 and effective 26 December 2024.
• Department of Energy (DOE)coreOthersPEMC was incorporated upon the initiative of the DOE with representatives from various sectors of the electric power industry. DOE sets policy direction and PEMC implements governance of the WESM under EPIRA.
• Energy Regulatory Commission (ERC)coreOthersERC is the regulatory body that approves market rules, manuals, and receives periodic market monitoring reports from PEMC's Market Surveillance Committee.
• National Grid Corporation of the Philippines (NGCP)strategicOthersNGCP serves as the System Operator and provides over-riding constraints data used in market monitoring and assessment reports. NGCP-SO imposes constraints on generators that are reviewed by the Market Surveillance Committee.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Market position

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/PEMC_Info
• YouTubeyoutube.com/channel/UCnSXEk14w1Cpv9Wd5oGPzSw/featured
• Facebookfacebook.com/pemcinfo
• LinkedInlinkedin.com/company/pemcinfo

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Philippine Electricity Market Corporation