PEMC-Singapore dealPEMC-Singapore deal

by Alena Mae S. Flores – December 11, 2015 at 11:10 pm

from Manila Standard

Philippine Electricity Market Corp., operator of the country’s electricity market, and its counterpart Singapore-based Energy Market Co. signed a cooperative agreement to develop stronger electricity markets in their respective countries.

The two signed the agreement in Thursday’s Philippine Electricity Summit 2015 (PES 2015) jointly conducted by PEMC and system operator National Grid Corp. of the Philippines.

Energy Secretary Zenaida Monsada said PEMC and EMC, two leading pioneers of market operations in Asia, signed the agreement “to ensure that our respective markets will deliver timely innovations and developments especially with the changing and more competitive global business environment.”

“In line with the agreement, PEMC and EMC have identified areas of mutual interest and shall assist each other in conducting trainings and seminars, advising on technical and commercial issues, information exchange and effective knowledge management in exploring opportunities for the immediate revolution of our markets,” Monsada said.