Gov’t prepares to launch reserve market on Dec. 26

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The Department of Energy plans to start the full commercial operations of the reserve market on Dec. 26, 2023. The

The Department of Energy plans to start the full commercial operations of the reserve market on Dec. 26, 2023.

It said in a draft circular the Independent Electricity Market Operator of the Philippines would prepare the commercial operations of the reserve market. IEMOP operates the Wholesale Electricity Spot Market , the trading floor of electricity. It said IEMOP should conduct live parallel operations involving end-to-end testing among the system operator and registered ancillary service providers using a non-production system.

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