Department
Circular No. 2002-06-003
Wholesale
Electricity Spot Market Rules
WHEREAS,
Republic Act No. 9136, otherwise known as the “Electric Power Industry Reform Act of 2001” (Act), which became
effective on the 26th of June 2001 provides the framework for the restructuring
of the electric power industry to bring about a free and fair competition on
the pricing of electricity;
WHEREAS,
the Act mandates the establishment of a wholesale electricity spot market (WESM) where the trading of electricity can be
made;
WHEREAS,
the Act enjoined and authorized the
Department
of Energy (DOE) to establish the WESM, and formulate the detailed rules
thereof within one (1) year from the effectivity thereof: Provided
That, the price determination methodology shall be subject to the approval
of the
Energy Regulatory Commission;
WHEREAS,
in accordance and in compliance with the
Act, the
DOE undertook a series of public
consultations to jointly formulate the
WESM
Rules with electric power industry participants;
WHEREAS,
the development of the
WESM Rules had
commenced since March 2000 and the very first draft was posted in the
DOE website for information of and
dissemination to the public in March 2001;
WHEREAS,
after the effectivity of the
Act and its
Implementing Rules and Regulations the draft was updated
to conform with the provisions thereof and posted in November 2001.
WHEREAS,
numerous public consultations since November 2001 have been held to discuss and
solicit comments, views, suggestions on the proposed WESM Rules, viz.:
Ø
Series
of public consultative workshops from November to December of 2001;
Ø
National
Consolidation Workshop to facilitate resolution of differing views, comments
and suggestions held in
Ø
Sectoral
Consolidation Workshops with different industry participants of the sectors of
the electricity industry held at the
DOE
from June 10 to 11 of 2002;
Ø
Finalization
Workshops to finalize the
WESM Rules held at
the
DOE from June 13 to 26 of 2002.
NOW
THEREFORE, pursuant to its mandate under the
Act, the
DOE hereby issues, adopts and promulgates the
attached
WESM Rules, which shall be effective
on the fifteenth (15th) day following its publication in at least two (2)
national papers of general circulation.
VINCENT S. PÉREZ, JR.
Secretary
What do you want to do now?
Go Back to the Top; Go back to art’s home page; Laugh or Be Entertained; Destroy Cartels and Monopolies; Invest or Find a Job; Check Software or a Computer; Check out the latest News; Look for a School; Greet a Friend; Dip Into Black Gold and be Electrified; Express Yourself; Relive the Past; Get Involved in the Law, Government, & Politics; Read Some Classics; Meet New People; Consult the laws of the Philippine energy sector; Philosophize; or Search.
This page is best viewed using Microsoft Internet Explorer 4.0 or higher.
Last revised: November 12, 2008 11:46 PM.
Caveat Emptor: Owners of the sites included herein do not explicitly endorse this page.
Comments, suggestions, objections, or violent reactions?