TransCo, IEMOP partner on renewable energy programs administration

The National Transmission Corporation (TransCo) and the Independent Electricity Market Operator of the Philippines Inc. (IEMOP) have forged a partnership streamline the administration of the country's key renewable energy programs.

In a news release on Thursday, TransCo announced it signed a memorandum of agreement (MOA) with IEMOP on July 15, 2026.

The MOA establishes a comprehensive operational framework to manage two major renewable energy funds, namely the Feed-in Tariff Allowance (FIT-All) Fund and the Green Energy Auction Allowance (GEA-All) Fund.

In particular, the MOA governs how Wholesale Electricity Spot Market (WESM) proceeds will be collected and remitted.

Under the agreement, TransCo is responsible for providing the data necessary for FIT allocation, as well as supporting the issuance and verification of Renewable Energy Certificates (RECs).

The partnership also reinforces TransCo’s legal mandates, highlighting its role as the FIT-All Fund Administrator under ERC Resolution No. 24, series of 2013, as well as the GEA-All Fund Administrator under ERC Resolution No. 25, Series of 2026.

Moreover, the MOA aligns with the country's Renewable Energy Market (REM) Rules, according to TransCo.

The agreement was signed by Joseph Omar Castillo, president and CEO of TransCo, and Robinson Descanzo, president and CEO of IEMOP. — BM, GMA News