The Philippine Renewable Energy Market (REM) is the venue for the trading of RE Certificates equivalent to an amount of power generated from RE resources, and is intended as a facility for Mandated Participants to comply with their Renewable Portfolio Standards (RPS) obligations. The RPS refers to a market-based policy that mandates electricity suppliers to source an agreed portion of their energy supply from eligible RE resources contributing to the growth of the RE industry in the country.
The Renewable Energy Act (R. A. 9513) or the RE Act is the legislation that provides for the establishment of the REM. Pursuant to Section 8 of the RE Act, the Department of Energy (DOE) shall establish the REM and shall direct the Philippine Electricity Market Corporation (PEMC) to incorporate changes to the Wholesale Electricity Spot Market (WESM) Rules for the operation of the REM under the WESM.
The objectives of the REM are to:
Establish a fair and transparent market for the trading of RECs
Facilitate compliance with RPS through mechanisms established under the REM Rules
Ensure level playing field for all REM participants
Ensure REC prices are governed as far as practicable by the fundamentals of supply and demand
Ensure that the prices of RECs are, in the long-term, reflective of the benefits of bringing an additional MWh of RE generation into the Philippine electricity system
Issue RECs only to actual RE generation from eligible RE generating facilities
Click here to learn more about the RE Market
For updates on the RE Market, you may download the latest REM Bulletin below:
Title | Description | Date Published | File Type | Size | |
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REM Advisory No. 2023-07 | Submission of Voluntary RE Facilities' Metered Quantity (MQ) Data for RE Generation for 2023 | 08 Aug 2023 | ![]() |
122 KB | |
REM Advisory No. 2023-06 | Updates on the Issuance of Renewable Energy Certificates (REC) | 02 Jun 2023 | ![]() |
218 KB | |
REM Advisory No. 2023-05 | Renewable Energy Certificate (REC) Issuance Schedule | 03 Apr 2023 | ![]() |
225 KB | |
REM Advisory No. 2023-04 | Validation of Renewable Energy Certificates (REC) from FiT-Eligible Facilities for September 2018 - December 2018 | 28 Feb 2023 | ![]() |
248 KB | |
REM Advisory No. 2023-03 | Updates on the Renewable Energy Certificate (REC) Issuance for September to December 2018 RE Generation | 02 Feb 2023 | ![]() |
105 KB | |
REM Advisory No. 2023-02 | Issuance of 2018 Renewable Energy Certificate (RECs) for the Renewable Energy Generated by Registered Voluntary Generators | 31 Jan 2023 | ![]() |
278 KB | |
REM Advisory No. 2023-01 | Review and Re-submission of Gross Electricity Sales Data for 2018 and 2020-2021 of RPS Mandated Participants in the Philippine Renewable Energy Market System (PREMS) | 26 Jan 2023 | ![]() |
97 KB | |
REM Advisory No. 2022-10 | Issuance of September 2018 to December 2018 Renewable Energy Certificates (REC) | 05 Dec 2022 | ![]() |
132 KB | |
REM Advisory No. 2022-09 | Issuance of June, July and August 2018 Renewable Energy Certificates (REC) | 20 Oct 2022 | ![]() |
133 KB | |
REM Advisory No. 2022-08 | Issuance of April 2018 and May 2018 Renewable Energy Certificates (REC) | 13 Sep 2022 | ![]() |
124 KB | |
REM Advisory No. 2022-07 | Review of January 2020 to December 2021 Input Data for Renewable Energy Certificate (REC) Issuance | 09 Sep 2022 | ![]() |
100 KB | |
REM Advisory No. 2022-06 | FINAL CALL: Submission of Metered Quantity (MQ) of Voluntary RE Generators by the Host Distribution Utilities (DU) | 26 Aug 2022 | ![]() |
102 KB | |
REM Advisory No. 2022-05 | Issuance of March 2018 Renewable Energy Certificates (REC) | 09 Aug 2022 | ![]() |
123 KB | |
REM Advisory No. 2022-04 | Issuance of February 2018 Renewable Energy Certificates (REC) | 18 Jul 2022 | ![]() |
118 KB | |
REM Advisory No. 2022-03 | Submission by the Host Distribution Utilities (DU) of Metered Quantity (MQ) of their Voluntary RE Generators | 21 Jun 2022 | ![]() |
428 KB | |
Eligible RE Facilities For RPS Compliance (31December2021) | DOE List of Eligible RE Facilities for RPS Compliance as of 31 December 2021 | 30 Mar 2022 | ![]() |
366 KB | |
REM Advisory No. 2022-02 | Review of January 2019 to December 2019 Input Data for Renewable Energy Certificate (REC) Issuance | 10 Mar 2022 | ![]() |
427 KB | |
REM Advisory No. 2022-01 | REM Advisory No. 2022-01: Submission of Metered Quantity (MQ) of Voluntary RE Generators (e.g. Net-Metered Facilities, Non- WESM Embedded Generators and RE Generation Facilities for Own Use) by the Host Distribution Utilities | 07 Mar 2022 | ![]() |
99 KB | |
REM Advisory No. 2021-11 | REM Advisory No. 2021-11: Confirmation of January 2018 RECs for the Non- FiT Compliance Mechanism | 09 Dec 2021 | ![]() |
81 KB | |
REM Advisory No. 2021-12 | REM Advisory No. 2021-12: Re-issuance of January 2018 Renewable Energy Certificates(REC) for the FiT Compliance Mechanism and FiT REC Validation Schedule | 09 Dec 2021 | ![]() |
169 KB | |
REM Advisory No. 2021-10 | REM Advisory No. 2021-10: Review of April 2018 to December 2018 Data in the PREMS | 19 Oct 2021 | ![]() |
102 KB | |
REM Advisory No. 2021-09 | REM Advisory No. 2021-09: Re-issuance of January 2018 Renewable Energy Certificates (RECs) for the Non-FiT Compliance Mechanism and Issuance Schedule | 18 Oct 2021 | ![]() |
222 KB | |
REM Advisory No. 2021-08 | REM Advisory No. 2021-08: Review of January 2018 to March 2018 Data in the PREMS | 11 Aug 2021 | ![]() |
97 KB | |
Eligible RE Facilities For RPS Compliance (31May2021) | DOE List of Eligible RE Facilities for RPS Compliance as of 31 May 2021 | 05 Aug 2021 | ![]() |
323 KB | |
REM Advisory No. 2021-06 | REM Advisory No. 2021-06: Updates on the January 2018 REC Issuance and REM Requirements | 30 Jun 2021 | ![]() |
102 KB | |
REM Advisory No. 2021-05 | January 2018 Renewable Energy Certificates (RECs) Validation | 15 Jun 2021 | ![]() |
137 KB | |
REM Advisory No. 2021-04 | Extended Deadline of Submission of the Renewable Energy Certificates (RECs) Validation Form | 02 Jun 2021 | ![]() |
136 KB | |
Eligible RE Facilities for RPS Compliance (31Mar2021) | DOE List of Eligible RE Facilities for RPS Compliance as of 31 March 2021 | 31 May 2021 | ![]() |
312 KB | |
REM Advisory No. 2021-03 | REM Advisory No. 2021-03: Submission of Renewable Energy Certificate (REC) | 25 May 2021 | ![]() |
183 KB |
Title | Description | Date Published | File Type | Size | |
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REM Bulletin Issue No. 2 | Updates on the Renewable Energy Market (REM) for Q2-Q3 2022 | 23 Sep 2022 | ![]() |
1 MB | |
REM Bulletin Issue No. 1 | Updates on the Renewable Energy Market (REM) for Q1 2022 | 18 Apr 2022 | ![]() |
645 KB |