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.