Electricity Market and Transmission Development Project

Reassessment and careful choice of independent marker operator. The government should look carefully again at the need for an independent market operator (IMO). As far as the evaluation could ascertain, use of the Philippine Electricity Market Corporation (PEMC), which is not an IMO, has had no obvious adverse repercussions to date. This finding suggests that it could be counterproductive to force the pace of change to establish the IMO that the Electric Power Industry Reform Act and project design called for, and the government undertook to create but did not.