The Philippine Wholesale Electricity Spot Market (WESM) enters its second year of service to the nation. With this year's theme, “A Ready, Steady Light: Sustaining Electricity Reform into the Future”, the spot market reflects its continued commitment to its role in the power industry reform process.
The 2nd anniversary celebration was held on July 31, 2008 at the Garden Ballroom of the Shangri-La EDSA Hotel in Mandaluyong City. Philippine Electricity Market Corporation (PEMC) President Lasse Holopainen did the welcome remarks.
The occasion was graced by the Energy secretary himself Angelo Reyes. Also in attendance were the new chairperson of the Energy Regulatory Commission (ERC) Zenaida Cruz-Ducut and Consumer Oil Price Watch (COPW) chairman Raul Concepcion. Almost all of the market participant's CEOs, executives, traders and other key officers were present too.
Meanwhile, here are some of the major highlights presented by PEMC's Vice-President for Market Operations Mario Pangilinan:
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