This IEMOP Annual Report provides highlights on the operations of the Philippine Wholesale Electricity Spot Market (WESM), particularly the co-optimized energy and reserve market outcomes for the year 2025. This report covers the state of supply and demand, generator performance and generation mix per technology, as well as market transactions and registration demographics for both the wholesale and retail markets.
Further, this report features operation highlights of the latest market development- the Renewable Energy Market (REM) started full commercial operations on 26 December 2024.
Lastly, this report provides several key studies on the country’s economic and technological state of energy in comparison with neighboring Asian countries and other benchmark economies, and features a new study by IEMOP entitled, Balancing the Grid: Baseload, Mid-Merit, and Renewable Capacity Requirements Toward National RE Targets.
