Year: 2021

The Independent Electricity Market Operator of the Philippines (IEMOP), as the market operator of the Philippine Wholesale Electricity Spot Market (WESM), gives notice that Waterfront Mactan Casino Hotel, Inc. (WAHCRES) that it should cease its membership in the WESM as Direct Member – Retail Electricity Supplier.

IEMOP has confirmed the cessation of Waterfront Mactan Casino Hotel, Inc.’s (WAHCRES’) WESM membership to be effective on 13 February 2021.  This notice is being issued pursuant to WESM Rules clause 2.6.3.

29 January 2021, Pasig City, Philippines.

INDEPENDENT ELECTRICITY MARKET OPERATOR OF THE PHILIPPINES

As of January 25, 2021

Market Participant	Region	Amount	Remarks
Abra Electric Cooperative, Inc. (ABRECO)	Luzon	(201,371,442.86)	Default
Panay Electric Company, Inc. (PECO)	Visayas	(20,805,729.33)	Default
Solar Philippines Tarlac Corporation (SOLARPHTC)	Luzon	(41,684,201.05)	Default
Panasia Energy, Inc. (PANASIA)	Luzon	(1,382,341.38)	Default; payment to be cleared 01.26.2021
Philippine Phosphate Fertilizer Corporation (PHILPHOS)	Visayas	(4,828,877.01)	Default
Olongapo Electricity Distribution Company, Inc. (OEDC)	Luzon	(328,005.82)	Default; payment to be cleared 01.26.2021
ASEAGAS Corporation (ASEAGAS)	Luzon	(32,979.28)	Default
Malvar Enerzone Corporation (MALVEZ)	Luzon	(107,906.07)	Default
TOTAL		(270,541,482.81)

Notice of Philippine Electricity Market Corporation’s (PEMC’s) application entitled: In the Matter of the Application for the Approval of the Structure and Level of Market Transaction Fees for the Renewable Energy Market with Prayer for Provisional Authority

Please see the application in this link.