The process of electricity market reform in Philippines is briefly introduced. The formation
trading mechanism
and market operation process of the Philippine electricity market are mainly introduced. Its operational experience of spot market by separating system operator(SO)and market operator(MO)are analyzed. Several features of the Philippine electricity market
such as whole energy bidding
net settlement
locational marginal price
planned co-optimization of energy market and reserve market
and two-settlement system are illustrated. Finally
some inspiration to China is given in the fields of market registration
trading organization
transaction execution
transaction settlement
information disclosure
and the construction of technical supporting system.