| Wed, 16 Oct 2024

advisories & notices

Advisories & Notices
Call for Nominees for Membership to the WESM Governance Committees
Wed, 25 Sep 2024

 

CALL FOR NOMINATIONS

Call for Nominees for Membership to the WESM Governance Committees

PEM Audit Committee

Market Surveillance Committee

Rules Change Committee

Technical Committee

Compliance Committee

 

 

The Philippine Electricity Market Corporation (PEMC) is currently accepting nominations for membership in the following WESM Governance Committees (WGC) as independent members:

  1. PEM Audit Committee (PAC);
  2. Market Surveillance Committee (MSC);
  3. Rules Change Committee (RCC);
  4. Technical Committee (TC); and
  5. Compliance Committee (CC)

 

Interested candidates must be Independent of the Philippine electric power industry and of the Government. 

Interested candidates are requested to submit an accomplished Nomination Form and updated Curriculum Vitae on or before 16 October 2024 at 17:00, addressed to the:

PEM Board Selection Committee

c/o Office of the Corporate Secretary

18/F Robinsons Equitable Tower, ADB Avenue,

Ortigas Center, Pasig City

Email Address: pemc_ocs@wesm.ph

All candidates nominated will be shortlisted and evaluated in accordance with the qualifications and disqualifications set forth in the Guidelines Governing the Constitution of the WESM Governance Committees (WESM-WGC).

All candidates will be shortlisted and evaluated in accordance with the minimum qualifications as follows:

  1. A natural person;
  2. Of legal age;
  3. Of sound mind; and
  4. At least a college graduate, provided that this qualification shall not apply to one who possesses at least ten (10) years of relevant experience in their field of expertise;

 

Depending on the WGC being applied for, the relevant candidate will be further evaluated in accordance with the Criteria for Independence in Section 4.3 of the WESM-WGC and the qualifications of the respective WGC, as follows:

 

  1. PEM Audit Committee:
    1. Sufficient relevant experience in one or more of the following fields:
      1. Power industry;
      2. Economics;
      3. Risk management;
      4. Information technology and information systems; and/or
      5. In such other fields as may be relevant to and required in the performance of the responsibilities of the PAC.

 

  1. Market Surveillance Committee:
    1. Sufficient relevant experience in one or more of the following areas:
      1. Competitive wholesale electricity markets or financial or commodity markets;
      2. Philippine law and regulations pertaining to electricity;
      3. Competition laws and policies;
      4. Power system operations;
      5. Economics; and/or
      6. In such other fields as may be relevant to and required in the performance of the responsibilities of the MSC.

 

  1. Rules Change Committee:
    1. Must have a level of technical or commercial knowledge and expertise in the operation of power systems and electricity markets;
    2. Must not be a Director of the PEM Board;
    3. Must not have any of the disqualifications under Section 4.2 of the WESM-WGC.

 

  1. Technical Committee:
    1. Must have sufficient relevant experience in one or more of the following areas:
      1. Electrical engineering, with expertise in the power industry;
      2. Information Technology;
      3. Economics; or
      4. Such other fields as may be relevant to and required in the performance of the responsibilities of the TC.

 

  1. Compliance Committee:
    1. Must have sufficient relevant experience in one or more of the following fields:
      1. Competitive wholesale electricity markets or financial or commodity markets;
      2. Philippine laws and regulations pertaining to electricity;
      3. Competition laws and policies;
      4. Power system operations;
      5. Economics; and/or
      6. Such other fields as may be relevant for the CC to perform its tasks.

 

 

The selection criteria agreed upon by the PEM Board Selection Committee shall likewise apply during the selection and appointment procedures. Successful nominees are expected to dedicate sufficient time to participate in committee activities such as regular committee meetings and willing to undertake training program on the operations of the WESM and the role of these committees.

 

While the provisions of the WESM-WGC indicate a three (3) year term for the PAC, MSC, and CC, the PEM Board, through PEM Board Resolution No. 2024-76-05, will apply the following terms to the next set of appointments to the PAC, MSC, and CC to implement the staggered terms intended by the WESM-WGC:

  1. The Chairpersons for the PAC, MSC, and CC for three (3) years;
  2. First two (2) members of the MSC for two (2) years, and the other members for one (1) year;
  3. One (1) member of the CC for two (2) years, and the other for one (1) year; and
  4. One (1) member of the PAC for two (2) years, and the other for one (1) year.


For further information, you may contact the PEM Board Selection Committee through the Office of the Corporate Secretary at the e-mail address provided above.

 

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