Power. Efficiency. Market. Competition.
The Philippine Electricity Market Corporation (PEMC) governs the Wholesale Electricity Spot Market (WESM).
PEMC is a non-stock, non-profit corporation incorporated in November 2003. It served as the autonomous group market operator and governing body of the WESM.
PEMC transferred the operations of the power bourse to the Independent Electricity Market Operator of the Philippines (IEMOP) on 26 September 2018, retaining its govenance function over the WESM to ensure that there is POWER, EFFICIENCY, MARKET, and COMPETITION in the energy industry.