MORESCO-1 General Manager, Engr. Jovel B. Ubay-Ubay has been endorsed by the National Electrification Administration (NEA) as one of the representatives of the Electric Cooperatives to the Board of Directors of the Philippine Electricity Market Corporation (PEMC).
NEA Administrator Antonio Mariano C. Almeda endorsed GM Ubay-Ubay to the PEMC Board, whose first board meeting he attended was on September 27, 2023.
The PEMC was incorporated in November 2003 as a non-stock, non-profit corporation upon the Department of Energy (DOE) initiative 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) for over ten (10) years.
The WESM is a centralized venue for buyers and sellers to trade electricity as a commodity where 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, Visayas in December 2010 and in Mindanao in 26 January 2023.
As provided in the Electric Power Industry Reform Act (EPIRA), PEMC transferred the operations of the WESM to the Independent Electricity Market Operator of the Philippines (IEMOP) on 26 September 2018 upon the endorsement of the Department of Energy (DOE) and the electric power industry market participants.
Our Promotions and Business Development Officers will set-up helpdesk at the second half of the 2023 One Stop Government Service Help Desk at SM City CDO Uptown from September 25 to 27, 2023.
The In-Mall set-up which includes several representatives from the government offices and some private utilities aiming to provide information awareness or benefits, the importance, and promotion of new services offered by respective agencies. This was launched in 2018 and as a good efforts and partnerships, positive feedback and requests received from the attendees as well as satisfied member s who were able to avail of the event as mentioned by the management of SM Business Services.
Representatives from MORESCO-1, COWD, Pag-Ibig, SSSS, Philhealth, PhilPost, City Government of Cagayan de Oro, CEPALCO and Philippine Statistics Authority will be present to extend further assistance to the community. Aside from the inquiries and new member applications, SSS is requested to promote UMID Capturing, PhilHealth to accept and process identification cards; PhilPost to issue request for ID capturing and for Pag-ibig to accept processing of Loyalty Cards.
MORESCO-1 service help desk, will be open for queries and complaints and accepts and process service applications though bill payments will only be made through MORESCO-1 service area offices, paying stations, and through online payment partners.