Meta Data
Revision of previous policy?: 
Draft Year: 
Effective Start Year: 
Document Type: 
Rule/Regulation, Other
Economic Sector: 
Energy Types: 
Issued by: 
Department of Energy
Overall Summary: 
A Department Circular regarding Wholesale Electricity Spot Market Rules and the Joint-Endorsement of the Wholesale Electricity Spot Market Rules. The Wholesale Electricity Spot Market (WESM) Rules establishes the basic rules, requirements and procedures that govern the operation of the Philippine electricity market. The WESM Rules is organized into eleven (11) Chapters. These are: Chapter 1. Introduction; Chapter 2. Registration; Chapter 3. The Market; Chapter 4. Metering; Chapter 5. Market Information and Confidentiality; Chapter 6. Intervention and Market Suspension; Chapter 7. Enforcement and Disputes; Chapter 8. Rules Change Process; Chapter 9. Interpretation; Chapter 10. Transitory Provisions; Chapter 11. Glossary. ---NOTE: Act. Refers to Republic Act No. 9136 also known as the “Electric Power Industry Reform Act of 2001”.
Electricity wholesale markets: 
The objectives of the spot market are to establish a competitive, efficient, transparent and reliable market for electricity where: (a) A level playing field exists among WESM Participants; (b) Trading of electricity is facilitated among WESM Participants within the spot market; (c) Third parties are granted access to the power system in accordance with the Act; (d) Prices are governed as far as practicable by commercial and market forces; and (e) Efficiency is encouraged.---The WESM shall be governed, and its powers and functions exercised by the PEM (Philippine Electricity Market ) Board.