Philippine Electricity Market Corp. (PEMC) announced on July 28 the launch of the country's Renewable Energy Market (REM), a marketplace for trading Renewable Energy Certificates (RECs).
During the REM interim commercial operations, participants are expected to engage in activities related to the validation and confirmation of the RECs they obtained. Trading of RECs is yet to open and financial transactions are not involved during the interim period due to the pending of the approval of the REC Price Cap.
