Directing the Preparations for the Trading Of Ancillary Services in the Philippine Wholesale Electricity Spot Market ("WESM")
WHEREAS, Section 37 of EPIRA Republic Act No. 9136, otherwise known as the "Electric Power Industry Reform Act of 2001" or "EPIRA", provides the mandate of the Department of Energy ("DOE") to "ensure the reliability, quality and security of supply of electric power, encourage private sector investments in the electricity sector and promote development of indigenous and renewable energy sources and develop policies and procedures and, as appropriate, promote a system of energy development incentives to enable and encourage electric power industry participants to provide adequate capacity to meet demand including, among others, reserve requirements;