CALL FOR COMMENTS:
The Department of Energy (DOE) is formulating a Wholesale Electricity Spot Market (WESM) Industry Code of Ethics that will set forth a general code to be observed by all WESM members and participants. Hence, DOE is hereby requesting all interested parties to submit their comments on the attached draft Department Circular adopting an Industry Code of Ethics for the Wholesale Electricity Spot Market (WESM). The general principles and objectives of the said WESM Industry Code of Ethics are: (1) accountability; (2) compliance; (3) transparency; (4) level playing field; and (5) general welfare in the electricity market.
Click to view/download the Draft Department Circular Promulgating the WESM Industry Code of Ethics
Comments/recommendations will be accepted on or before February 13, 2015 to the following e-mails and/or fax numbers:
Fax Nos. (02) 840-1773 / 840-2120
A public consultation will be conducted on this matter on the following dates: 16 March 2015 in Luzon and 19 March 2015 in Visayas.
Thank you.