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PEMC logo — PEMC Go: Premier Electricity Market and Champion of Governan...

PEMC

PEMC Go: Premier Electricity Market and Champion of Governance

Founded 2003 Philippines Philippines 163 employees Energy

General Information

Company Name PEMC
Founded Year 2003
Location Philippines Philippines +1
Employees 163
Industries Energy
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About PEMC

PEMC (Premier Electricity Market and Champion of Governance) is a non-stock, non-profit corporation incorporated in November 2003 with the initiative of the Department of Energy (DOE) and representatives from various sectors of the electric power industry. It served as the autonomous group market operator and governing body of the Philippine Wholesale Electricity Spot Market (WESM) for over a decade. The WESM is a centralized venue where electricity is traded as a commodity based on actual use and availability, following the Electric Power Industry Reform Act (EPIRA) of 2001. The EPIRA mandated the formation of an independent entity, and subsequently, on 26th September 2018, the transfer of the WESM operations from PEMC to the Independent Electricity Market Operator of the Philippines (IEMOP) was endorsed. However, PEMC remains the governing body of the WESM primarily through the PEM Board of Directors and the WESM Governance Committees. Its role is to ensure power, efficiency, market, and competition in the energy industry through effective and efficient governance of the WESM. The company operates within the energy industry.

Taxonomy: Electricity Market, Wholesale Electricity, Energy Industry Governance, Market Operator, Power Efficiency, Energy Trading, Electricity Commodity Trading, Market Regulation, Industry Reform, Independent Entity, Energy Market Governance, WESM Operations, Market Governance Committees

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PEMC Alternatives & Competitors

PEMC vs
Câmara de Comercialização de Energia Elétrica - CCEE (Chamber of Electric Energy Commercialization)
Câmara de Comercialização de Energia Elétrica - CCEE (Chamber of Electric Energy Commercialization) Brazil

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PEMC vs
Triton Power Limited
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PEMC vs
Etpa
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FAQ About PEMC

PEMC Go: Premier Electricity Market and Champion of Governance
PEMC was founded in 2003.
PEMC is headquartered in Philippines.
PEMC operates in the following industries: Energy.
PEMC has approximately 163 employees.
Top alternatives and competitors to PEMC include Câmara de Comercialização de Energia Elétrica - CCEE (Chamber of Electric Energy Commercialization), Triton Power Limited, Etpa, HERON, NPCIL. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
PEMC and Câmara de Comercialização de Energia Elétrica - CCEE (Chamber of Electric Energy Commercialization) are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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