PEMC

Oil, Gas, and Mining • Pasig, National Capital Region, Philippines • 101-200 Employees

Company overview

Headquarters	ADB Avenue corner Poveda Street, Ortigas Center, 18th Floor, Robinsons Equitable Tower, Pasig City , Philippines 1600, PH
Phone number	+63286318734
Website	wesm.ph
NAICS	211
SIC	491
Founded	2003
Employees	101-200
Socials

Key Contacts at PEMC

Elizabeth Stevens

Owner

Linda Shockey

Director Of Annual Giving

PEMC Email Formats

PEMC uses 1 email format. The most common is {last name} (e.g., doe@wesm.ph), used 100% of the time.

Format	Example	Percentage
{last name}	doe@wesm.ph	100%

About PEMC

WE ARE PEMC The Philippine Electricity Market Corporation (PEMC) is a non-stock, non-profit corporation incorporated in November 2003 upon the initiative of the Department of Energy (DOE) with representatives from the various sectors of the electric power industry. The PEMC served as the autonomous group market operator and governing body of the Philippine Wholesale Electricity Spot Market (WESM) in over ten (10) years. The WESM is a centralized venue for buyers and sellers to trade electricity as a commodity where its prices are determined based on actual use (demand) and availability (supply). It was created pursuant to Republic Act 9136, also known as the Electric Power Industry Reform Act (EPIRA) of 2001. The WESM began commercial operations in Luzon in June 2006 and in the Visayas in December 2010. OUR ROLE The EPIRA mandated the formation of an independent entity to which the market operator functions, assets, and liabilities will be transferred. With this, the Department of Energy (DOE), along with the electric power industry market participants, endorsed the transfer of the WESM operations from PEMC to the Independent Electricity Market Operator of the Philippines (IEMOP) on 26 September 2018. The PEMC remains as the governing body of the WESM primarily through the PEM Board of Directors and the WESM Governance Committees. PEMC’s role is to remain steadfast and proactive in its mission to ensure that there is POWER, EFFICIENCY, MARKET, and COMPETITION in the energy industry through the effective and efficient governance of the WESM.

PEMC revenue & valuation

Annual revenue	$62,500,000
Revenue per employee	$377,000
Estimated valuation?This valuation is estimated based on industry average for the Oil, Gas, and Mining industry and current estimated revenues	$200,000,000
Total funding	No funding