Department Circular No. DC2022-12-0038

Adopting Further Amendments to the Wholesale Electricity Spot Market (WESM) Market Manual on the Guidelines Governing the Constitution of the PEM Board Committees

WHEREAS, Sections 30 and 37(f) of Republic Act No. 9136 or the Electric Power Industry Reform Act (EPIRA) provides that the Department of Energy (DOE), jointly with the electric power industry participants, shall establish the Wholesale Electricity Spot Market (WESM) and formulate the detailed rules governing the operations thereof;

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