PCCI Pushes for Greater Accountability at WESM

Business group Philippine Chamber of Commerce and Industry (PCCI) is urging the Independent Electricity Market Operator of the Philippines (IEMOP) to take firm action and suspend members of the Wholesale Electricity Spot Market (WESM) that default on payments to promote greater accountability in the energy sector.

- By Louella Desiderio

The country's largest business organization is also pushing for more transparent electricity billing systems to promote greater competition.

In a statement yesterday, the PCCI said the IEMOP should act decisively against WESM members that default on their financial obligations as non-payment of market dues undermines the integrity of the spot market and affects compliant participants.

The PCCI, which raised the issue during a meeting with the IEMOP, said WESM rules provide IEMOP the authority to suspend and deregister defaulting members.