Philippines needs electricity futures market, says energy merchant

Cooling towers at Drax power station

The next step forward for the development of trading in electricity in the Philippines is the establishment of a futures market, according to energy merchant LDH Energy.

The Wholesale Electricity Spot Market (WESM), established in the Luzon (the administrative capital of the Philippines) grid in 2006, five years after the ground-breaking Electric Power Industry Reform Act (EPIRA), provides transparent, real-time data and trading options for market players.

However, in order to attract more

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