Top electricity market performers awarded at 2025 WCO Summit

CLARK CITY, Philippines — The Philippine Electricity Market Corporation (PEMC) honored top-performing electricity market participants during the 2025 Annual Compliance Awards (ACA) held at the Wholesale Electricity Spot Market (WESM) Compliance Officers’ (WCO) Summit on October 24, 2025, at the Quest Plus Conference Center in Clark City, Pampanga.

The annual WCO Summit highlights the role of compliance in building an efficient, transparent, and reliable electricity market, with the ACA recognizing exemplary adherence to WESM rules and protocols.

Nueva Ecija I Electric Cooperative, Inc. and Pampanga I Electric Cooperative, Inc. led the Metering Services Provider (MSP) category, both earning a compliance score of 90.00%.

In the Must-Dispatch Generating Units (MDGU) category under the Run-of-River classification, Asiga Green Energy Corporation, Oriental Energy & Power Generation Corp., and Sunwest Water and Electric Company 2, Inc. all posted compliance ratings exceeding 96%.

For the Solar category, GIGASOL3, Inc., Monte Solar Energy, Inc., and San Carlos Solar Energy, Inc. emerged as top performers, while North Luzon Renewable Energy Corporation, Guimaras Wind Corporation, and North Wind Power Development Corporation led the Wind category with compliance scores above 92%.

In the Scheduled and Priority Dispatch Generators category, Pagbilao Energy Corporation topped the Coal segment; Maibarara Geothermal, Inc. led the Geothermal segment; South Premier Power Corporation was recognized under Natural Gas; Isabel Ancillary Services Co. Ltd. for Oil-Based; Pangea Green Energy Philippines, Inc. for Biomass; and Power Sector Assets and Liabilities Management Corporation – Agus V Hydroelectric Power Plant for Hydro.

SN Aboitiz Power – Magat, Inc. took top honors among Non-Scheduled Generators with a compliance rating of 94.98%.

“Compliance is not simply about following rules,” said Dr. Peter L. U, Chairman of the Compliance Committee and Dean of the College of Economics at the University of Asia and the Pacific.

“It is about safeguarding trust,” he added.

“It is about protecting the integrity of the market so that every participant from the largest generator to the smallest consumer can have confidence in the system.”

“In this way, compliance is not a burden—it is the foundation that allows the market to thrive.”

The Annual Compliance Awards play a key role in promoting good governance and reinforcing accountability across the power sector.

PEMC reaffirmed its commitment to encouraging all electricity market participants to maintain the highest standards of operational compliance and ethical conduct.

As the WESM governing body, PEMC continues to support a transparent and sustainable energy future through effective oversight and stakeholder engagement.

Established in November 2003 as a non-stock, non-profit corporation, PEMC was formed under the Department of Energy’s (DOE) initiative and represented various sectors of the electric power industry.

For over a decade, PEMC operated the WESM as an autonomous group market operator and steward of market governance.

WESM serves as the Philippines’ centralized trading platform for electricity, where supply and demand determine pricing in real time.

The electricity market was established under Republic Act No. 9136, also known as the Electric Power Industry Reform Act (EPIRA) of 2001.

WESM began commercial operations in Luzon in June 2006, expanded to the Visayas in December 2010, and finally to Mindanao in January 2023.

In line with EPIRA’s directive for independence, PEMC transferred WESM operations to the Independent Electricity Market Operator of the Philippines (IEMOP) on September 26, 2018.

Since then, PEMC has remained the WESM’s governing body, exercising oversight through the PEMC Board of Directors and the WESM and Renewable Energy Market Governance Committees.

The 2025 WCO Summit reaffirmed the power of compliance in creating a more credible and responsive electricity market that serves both industry stakeholders and Filipino consumers.

Summary of WESM Compliance Awardees for Compliance Year 2024

Category	Rank	Company / Unit	Compliance Score
Metering Services Providers (MSP)	1	Nueva Ecija I Electric Cooperative, Inc.	90.00%
		Pampanga I Electric Cooperative, Inc.	90.00%
	2	Visayan Electric Company, Inc.	89.99%
	3	Dagupan Electric Corporation	89.97%
	4	Cagayan Electric Power & Light Co., Inc.	89.96%
	5	Mactan Electric Company, Inc.	89.87%
	6	Batangas I Electric Cooperative, Inc.	89.86%
	7	Tarlac Electric, Inc.	89.85%
		Cabanatuan Electric Corporation	89.85%
	8	Leyte V Electric Cooperative, Inc.	89.73%
	9	Tarlac II Electric Cooperative, Inc.	89.54%
	10	MORE Electric and Power Corporation	89.50%
Must-Dispatch Generating Units – Run-of-River Hydro	1	Asiga Green Energy Corporation (ASIGA Hydroelectric Power Plant)	97.28%
	2	Oriental Energy & Power Generation Corp. (Timbaban Hydro Power Plant)	97.27%
	3	Sunwest Water & Electric Company 2, Inc. (Villasiga 1 HPP)	96.69%
Must-Dispatch Generating Units – Solar	1	GIGASOL3, Inc. (Palauig Solar Power Plant)	93.74%
	2	Monte Solar Energy, Inc. (Bais Solar Power Plant)	92.75%
	3	San Carlos Solar Energy, Inc. (San Carlos Solar Power Plant)	92.20%
Must-Dispatch Generating Units – Wind	1	North Luzon Renewable Energy Corporation (Caparispisan Wind Power Plant)	94.22%
	2	Guimaras Wind Corporation (San Lorenzo Wind Farm)	93.63%
	3	North Wind Power Development Corp. (Bangui Bay Wind Farm)	92.02%
Scheduled & Priority Dispatch – Biomass	1	Pangea Green Energy Philippines, Inc. (PGEP Payatas Biogas Plant)	98.14%
	2	Bicol Biomass Energy Corporation (Bicol Biomass Power Plant)	96.85%

 

Category	Rank	Company / Unit	Compliance Score
	3	Grassgold Renewable Energy Corporation (Grassgold Biomass Power Plant)	96.70%
Scheduled & Priority Dispatch – Coal	1	Pagbilao Energy Corporation (Pagbilao 3 Power Plant)	97.95%
	2	Minergy Power Corporation (Balingasag Coal- Fired Thermal Power Plant)	97.74%
	3	Sual Power Inc. (Sual Coal-Fired Power Plant)	97.68%
Scheduled & Priority Dispatch – Geothermal	1	Maibarara Geothermal, Inc. (Maibarara Geothermal Power Plant)	96.40%
	2	Energy Development Corporation (Nasulo Geothermal Power Plant)	96.02%
	3	Green Core Geothermal Inc. (Tongonan Geothermal Power Plant)	95.28%
Scheduled & Priority Dispatch – Hydro	1	Power Sector Assets & Liabilities Management Corporation  (Agus V Hydroelectric Power Plant)	94.72%
	2	Power Sector Assets & Liabilities Management Corporation (Agus I Hydroelectric Power Plant)	94.62%
	3	Power Sector Assets & Liabilities Management Corporation  (Agus VI Hydroelectric Power Plant)	93.52%
Scheduled & Priority Dispatch – Natural Gas	1	South Premier Power Corporation (Ilijan Natural Gas Combined-Cycle Power Plant)	94.90%
	2	FGP Corporation (San Lorenzo Combined- Cycle Gas Turbine Power Plant)	93.56%
	3	First Gas Power Corporation (Sta. Rita Natural Gas Power Plant)	93.13%
Scheduled & Priority Dispatch – Oil-Based	1	Isabel Ancillary Services Co. Ltd. (Isabel Modular Diesel Power Plant)	97.61%
	2	1590 Energy Corporation (Bauang Diesel Power Plant)	96.51%
	3	Therma Mobile, Inc. (Navotas Bunker C-Fired Diesel Power Plant)	89.41%
Non-Scheduled Generators	1	SN Aboitiz Power – Magat, Inc. (Maris Canal Hydroelectric Power Plant)	94.98%
	2	Isabela La Suerte Rice Mill Corporation (Isabela La Suerte Biomass Power Plant)	90.94%
	3	Sta. Clara Power Corporation (Loboc Hydroelectric Power Plant)	86.98%