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P E M C O C l an i m St O TA L O S S C L A I M S A re s PO n s I bled riv e rs g under N D E R S TA N D I N G T O TA L O S S E S When insurance companies use the term total loss, it usually means that
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PEMC stands for Philippine Electricity Market Corporation. It is a non-stock, non-profit corporation that operates and administers the Wholesale Electricity Spot Market (WESM) in the Philippines. The WESM is the venue for trading electricity as a commodity.
Market participants in the Philippine electricity industry, such as generators, distribution utilities, and suppliers, are required to file reports and participate in the activities of PEMC.
Filling out PEMC reports requires market participants to provide accurate and complete information regarding their electricity transactions, generation capacity, consumption, and other relevant data. The specific process and forms for filling out PEMC reports can be obtained from PEMC's official website or through their designated channels.
The purpose of PEMC is to provide an efficient and transparent trading platform for electricity in the Philippines. It promotes fair competition, ensures the security and reliability of the power supply, and fosters an open and competitive market for electricity stakeholders.
The information that must be reported on PEMC includes details about electricity transactions, generation capacity, consumption, operating constraints, and any other relevant market data. This information is essential for the efficient operation and monitoring of the Wholesale Electricity Spot Market.
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