Manila, Philippines —- The Independent Electricity Market Operator of the Philippines (IEMOP) is taking a major step in modernizing the country’s energy market infrastructure with the Central Registration and Settlement System (CRSS) Redesign and Enhancement Project. As the backbone of the energy and reserve market in the Philippines, the CRSS manages participant registration, metering, billing and settlement, and reporting, ensuring smooth transactions across the Wholesale Electricity Spot Market (WESM).
With the increasing adoption of the Retail Aggregation Program, Green Energy Option (GEOP), and the Green Energy Auction Program (GEAP), the existing system must evolve to accommodate higher data processing demands, ensure seamless compliance, and integrate new functionalities. To achieve this, IEMOP has partnered with Exist Software Labs, Inc., a trusted leader in digital transformation, to rebuild, optimize, and enhance the CRSS.
How the New CRSS Benefits Participants from the Energy Market
The modernization of CRSS is driven by several key factors:
Growing Market Demands
The increasing number of energy market participants, and expansion of the energy retail market, coupled with expanding renewable energy programs, require a more scalable and efficient system.
Optimization of Metering & Settlement
The new CRSS enhances data handling and processing efficiency, ensuring robust real-time transactions.
Technology Upgrades
As the number of energy market participants continues to grow, optimizing system performance and scalability is vital. This can be achieved by implementing modern databases, an API Gateway, and advanced data processing methods to support seamless operations and data-driven decision-making.
Regulatory Compliance
Adhering to regulatory requirements is crucial, especially in an ever-evolving market landscape. Seamless integration with the Market Management System (MMS), Trading Operations and Contract Management System (TOCMS), Data Warehouse (EMDB), and PREMS is essential to ensure compliance and operational efficiency.
The redesigned CRSS will introduce efficiency, transparency, and reliability, benefiting Generators, Retail Electricity Suppliers (RES), and Distribution Utilities. Market participants will experience:
- Faster and more accurate settlements – Reducing discrepancies and delays in transactions.
- Enhanced security and compliance – Strengthening adherence to WESM regulations.
- Seamless integration with evolving energy programs – Supporting the transition to sustainable and competitive energy trading.
Exist Software Labs: A Proven Digital Transformation Partner
Exist Software Labs, Inc. has been a trusted technology partner of the Independent Electricity Market Operator of the Philippines (IEMOP) for years, leading critical developments such as the Central Registration and Settlement System CRSS and the Trading Operations Central Management System (TOCMS).
📌 Explore Exist Software Labs’ energy solutions today!
For more details, visit Exist Software Labs or contact us for updates on this milestone project.
