Search
START TYPING AND PRESS ENTER TO SEARCH

energy sector

Renewable Energy
  • No Comments

Tackling Weather Challenges Faced by Renewable Energy Companies
Tackling Weather Challenges Faced by Renewable Energy Companies 650 486 Exist Software Labs

How do meteorological conditions impact the reliability and efficiency of renewable energy generation, and what role can IT/software companies play in addressing these weather-related challenges?

Renewable energy companies or generators, be it wind turbines or solar arrays, are inextricably tied to meteorological conditions. The in-/availability of sunlight, the rhythm of the wind, and the capriciousness of climate patterns all affect the effectiveness of these green power sources. Weather-related challenges can potentially disrupt energy generation and impact the overall efficiency of renewable energy systems.

Weather-related challenges are a significant concern for renewable energy generators. Here are some common weather problems faced by these generators and how technology companies can help address them:

  1. Intermittency

Challenge: Renewable energy sources like solar and wind are intermittent and dependent on weather conditions. This intermittency poses challenges to grid stability and energy reliability.

Solutions:

  • Advanced Forecasting: IT/software companies can develop sophisticated weather forecasting models that provide accurate short and long-term predictions of renewable energy generation. These forecasts enable grid operators to better manage energy supply and demand.
  • Data Analytics: Utilize data analytics to optimize energy storage and distribution. The software can help manage energy storage systems to store excess energy during periods of high generation and release it during low generation, reducing intermittency.
  • Demand Response: Create demand response systems that use real-time data to encourage consumers to adjust their energy consumption during peak renewable energy generation times, helping to balance supply and demand.

Build resilience for your renewable energy generation company - know more about our innovative and strategic energy solutions

Contact Us
  1. Extreme Weather Events

Challenge: Hurricanes, floods, and other extreme weather events can damage renewable energy infrastructure, disrupt power generation, and pose safety risks.

Solutions:

  • Remote Monitoring: Develop remote monitoring systems that allow operators to assess the status of renewable energy installations in real time. This enables quick responses to weather threats and allows for the remote shutdown of equipment when necessary.
  • Predictive Maintenance: Use predictive maintenance software powered by AI and IoT sensors to anticipate equipment failures caused by extreme weather conditions. This helps reduce downtime and extend the lifespan of assets.
  • Disaster Preparedness: Create disaster preparedness systems that provide automated responses to extreme weather events, such as automatically shutting down wind turbines or activating backup power sources.
  1. Climate Change

Challenge: Climate change leads to shifts in weather patterns, temperature fluctuations, and increased weather volatility, affecting renewable energy production.

Solutions:

  • Climate Modeling: Develop climate modeling software to help understand the long-term impacts of climate change on energy generation. This data informs strategic planning and investment decisions.
  • Enhanced Forecasting: Improve renewable energy forecasting models to adapt to changing climate conditions. The software can incorporate climate data to provide more accurate predictions for energy generation.
  • Carbon Tracking: Develop software for tracking and reporting carbon emissions associated with energy production. This supports your company in assessing and reducing environmental impact.
  • Sustainable Design: IT/software companies can collaborate with renewable energy infrastructure providers to design sustainable and climate-resilient facilities. This includes selecting materials, optimizing designs for extreme weather, and integrating weather monitoring solutions.

IT/software companies can also support renewable energy companies by enhancing cybersecurity to protect critical infrastructure from weather-related cyber threats and by creating communication systems that ensure reliable data transmission even in adverse weather conditions.

Build a more resilient and dependable renewable energy business

While renewable energy represents a beacon of hope in our pursuit of a cleaner, more sustainable future, it’s paramount that we confront the hurdles posed by nature head-on. 

With Exist Software Labs’ advanced technologies, cutting-edge data analytics, and predictive capabilities, we stand ready to assist you on this transformative journey of building resiliency for your business. Together, we can enhance the reliability of your renewable energy systems, improve your efficiency, and help you adapt and thrive amidst evolving climate challenges. By harnessing the power of innovation and collaboration, we can usher in an era where clean energy not only powers our world but also safeguards it for generations to come.

Harness the power of Predictive Maintenance, Data Analytics, and Forecasting for your energy company today

Contact Us Today
Giga Summit 2023
  • No Comments

GIGA Summit 2023: Preparing the Philippines for the Big Energy Transition
GIGA Summit 2023: Preparing the Philippines for the Big Energy Transition 512 383 Exist Software Labs

The Philippines is at the cusp of a major energy transition. With its abundant renewable energy resources, the country is poised to shift away from fossil fuels and towards a cleaner and more sustainable energy future.

Organized by Meralco Power Academy and held on September 11-13, 2023, GIGA Summit 2023 brought together key stakeholders and energy industry players from the government, private sector, and civil society to discuss the challenges and opportunities of the energy transition in the Philippines

Preparing the Philippines for the Energy Transition

Nixon G. Hao, President of Meralco Power Academy, emphasized the importance of investing in education and training to develop the workforce needed to support the country’s shift to renewable energy.

He began his talk by discussing the challenges facing the Philippine energy sector. He noted that the country is heavily reliant on imported fossil fuels, which makes it vulnerable to price fluctuations and supply disruptions.

Deputy Administrator of the Meralco Power Academy Ernesto Silvano Jr. mentioned that the energy transition is a critical challenge and opportunity for our country. “We are one of the most vulnerable countries in the world to climate change, and we need to transition to a clean energy economy to protect our people and our planet…” he added.

The viewpoints presented by these industry experts only emphasize the urgent requirement for cooperative endeavors and financial commitments in education and training to strengthen the country’s ability to withstand challenges and ensure long-term sustainability in the energy sector.

Partner with us for a smooth and successful digital transformation for energy efficiency

Contact Us

Philippines’ Position in the Energy Transition Roadmap

The Philippines is committed to an energy transition roadmap that targets a 35% share of renewable energy in the power generation mix by 2030 and 50% by 2040. This is ambitious, but achievable, given the country’s abundant renewable energy resources.

The Philippines is already making progress towards its energy transition goals. In 2021, renewable energy accounted for 22% of the country’s power generation mix, up from 20% in 2020. This increase was driven by the growth of solar and wind power.

The Philippine government is supporting the energy transition through a number of policies and initiatives, including:

The Philippine government is also working to create a more enabling environment for the development of renewable energy, by streamlining the permitting process and improving the transmission and distribution infrastructure.

GIGA Summit 2023 Event Spotlight

The event hosted by Meralco Power Academy provided a platform for energy stakeholders to engage in conversations regarding the current landscape and prospects for the Philippines’ significant energy transition. Below are key highlights from the event:

Day 1 highlighted the global energy demand that is set to increase, with renewable energy being crucial. The Philippines should harness its renewable potential, prioritize energy efficiency, and bolster the electricity grid for renewable integration.

Day 2 of the GIGA Summit 2023 centered on crafting a sustainable energy future for the Philippines. Key areas included renewable investments, financing efficiency projects, smart grid development, electric vehicle integration, and ensuring an equitable shift to clean energy.

The final GIGA Summit 2023 day delved into energy’s future, focusing on innovation and transformation. Experts explored transformative technologies like energy storage, blockchain, and AI. Digitalization is already reshaping the energy market, enhancing efficiency and competitiveness. Future energy work demands new skills in renewables, efficiency, and digitalization. Innovation is paramount, requiring investments in research and a supportive innovation environment.

Giga Summit 2023
Giga Summit 2023
Giga Summit 2023
Giga Summit 2023
Giga Summit 2023
Giga Summit 2023
Giga Summit 2023
Giga Summit 2023

Photo Credit: Meralco Power Academy

Unlock the full potential of your energy transition journey

Exist Software Labs, Inc. offers the gateway to realizing the complete potential of your energy transition. Through the deployment of innovative software solutions, you can finetune your operations, elevate resource management, and advance predictive maintenance.

What sets us apart is our commitment to energizing this transition actively. We are dedicated to helping energy companies, by providing expertise in energy system solutions and the Internet of Energy. Furthermore, we enable data-driven decision-making, empowering you to make informed choices that align with sustainability objectives and regulatory compliance. This collaborative effort signifies a transformative partnership that holds the promise of a greener and more sustainable energy future for everyone.

Let’s make the energy transition easy for you

Explore our energy solutions to streamline your operations today

Contact Us Today
e-receipt
  • No Comments

Powering Efficiency: How Electronic Receipts (e-receipt) Benefit Energy Companies
Powering Efficiency: How Electronic Receipts (e-receipt) Benefit Energy Companies 1300 972 Exist Software Labs

In today’s fast-paced business environment, energy companies in the Philippines are embracing digital transformation to streamline their operations and enhance efficiency. One initiative where significant benefits are realized is the adoption of Electronic Receipts (e-receipt).

What are Electronic Receipts (e-receipt)?

Electronic Receipts (e-receipt) revolutionizes the way businesses manage their financial transactions, providing a seamless and paperless receipting experience. By harnessing cutting-edge digital technology, electronic receipt allows companies to generate, send, and store official receipts with just a few clicks, eliminating the need for traditional paper receipts.

Bureau of Internal Revenue’s (BIR) Rules on Electronic Receipts (e-receipt) and e-invoices

On June 30, 2022, the BIR released Revenue Regulations No. 8-2022. Anchored on the amended Sections 237 and 237-A of the National Internal Revenue Code (NIRC) through Republic Act No. 10963 (TRAIN Law), these regulations chart a bold course toward issuing electronic receipts and invoices.

According to the Regulations, taxpayers required to issue electronic receipts or sales commercial invoices are the following:

  1. Taxpayers who export goods and services;
  2. Taxpayers who engage in electronic commerce (e-commerce); and
  3. Taxpayers who are under the Large Taxpayers Service (LTS).

This requirement is based on Section 47 of the National Internal Revenue Code of 1997, as amended.

With this development, manual receipts and sales or commercial invoices are left behind in favor of their digital counterparts. Energy companies are now embracing the conveniences of electronic invoicing, marking a transformative shift in tax reporting and compliance. The Regulations also outline the requirements for electronic reports of sales data to the BIR, further solidifying the digital revolution.

Schedule a free consultation and harness the full power of Exist’s Electronic Receipts (e-receipt) today

Contact Us

Benefits of Electronic Receipt for Energy Companies / WESM Participants

Are you a WESM participant? Implementation of the electronic receipt brings numerous gains for energy companies like yours, should you decide to adopt it. Your company will benefit from efficiencies, cost savings, and improved and easy compliance with government agency regulations, including the BIR and IEMOP (Independent Electricity Market Operator of the Philippines, Inc.).

Here are some features you may take advantage of when using e-receipt systems:

  1. Easy WESM Transaction AllocationAs an electronic receipt system user, you can upload transaction allocation data in PDF or Excel, as downloaded from the Central Registration and Settlement System (CRSS). These data can be from the Prelim, Final, Adjustment, or Additional Compensation run of CRSS. Additionally, the system efficiently handles reserve transaction allocation data, anticipating the availability of the Reserve Market. Furthermore, the system facilitates the consolidation of participants with identical records post-upload, ensuring meticulous record management.
  2. Seamless uploading of WESM Collection Reports electronic receipt allows you to upload monthly WESM collection reports easily.
  3. Efficient E-receipt Generation The utilization of electronic receipts facilitates the processing of digital receipts in alignment with WESM Transactions. This obviates the need for manual scanning and signing of official receipts when uploading copies to IEMOP. Moreover, electronic receipt aids in the systematic management of customer payments to align with both IEMOP’s recent BIR Ruling and the implementation of BIR’s electronic Invoicing/Receipting System (BIR EIS).
  4. Efficient Sales Data Transmission Easily process e-receipt data for transmission to the BIR EIS (Electronic Invoice System) to comply with BIR rules and regulations.

By leveraging on the features and advantages of e-receipt, energy companies can optimize their operations and stay compliant with regulatory standards.

Benefit from streamlined operations and easy regulatory compliance with Exist Software Labs, Inc.’s Electronic Receipts (e-receipt) 

With over 20 years of experience and a multi-awarded technology innovator, Exist Software Labs specializes in developing energy solutions for various industry players such as generator companies (gencos), RE generators, retail electricity suppliers, distributors, WAG, and SOLAR.

Philippine energy companies including FirstGen, Manila Electric Company (MERALCO), Energy Development Corporation (EDC), San Buenaventura Power LTD.Co. (SBPL) have all trusted Exist to provide various solutions for their digital transformation requirements.

Transition to Electronic Receipt (e-receipt) today with Exist Software Labs, Inc., and achieve a seamless and paperless receipting experience.

E-receipt is only one means to harness the power of digital transformation.

Know more about how our Energy solutions can help you comply with energy regulators while improving your operations.

Contact Us Today
Energy Billing and Trading
  • No Comments

How Cloud-Based Energy Billing and Trading System can help Energy Companies
How Cloud-Based Energy Billing and Trading System can help Energy Companies 650 486 Exist Software Labs

Energy billing and trading is a complex process. It involves many stakeholders, regulations, and processes that need to be carefully managed to ensure accuracy and efficiency.

In the Philippines, the energy sector is regulated by the Department of Energy (DOE), which sets policies and guidelines for energy billing and trading. However, like in many developing countries, the energy sector in the Philippines can be subject to challenges such as limited infrastructure, high costs, a lack of technology and systems to support effective billing and trading, and more.

With DOE’s efforts to switch from fossil fuels to clean energy and power supply shortage, we expect a rise in the number of energy producers in the country. And many of these energy companies are struggling to acquire a high operational efficiency and cost-effective Energy billing and trading system.

Here are some common issues that can affect the operational efficiency of energy companies in their billing and trading operations:

  1. Difficulty in Marketing
    a. Manual tracking of customer allocation from generating facilities
    b. Lost opportunities for possible engagement with new customers
  2. Trading and Billing Data Synchronization
    a. Companies are having difficulty tracking trading and billing transaction data.
  3. Data Management Process
    a. Difficult monitoring and validation due to multiple data sources such as spreadsheets, email, and multiple databases across systems
  4. Real-time data integration is minimal to non-existent
    a. Companies face challenges in achieving real-time data integration to NMMS, CRSS, PREMS, and other IEMOP and PEMC-related open applications, and other data sources.
  5. Dynamic Billing Computations
    a. Energy companies are having problems in the manual process of creating complex billing computations per customer/client

Overall, these are some of the general issues that can affect the operational efficiency of energy companies in billing and trading and can have a negative impact on their financial performance, customer satisfaction, and market competitiveness.

With this in mind, it is best suggested that every energy company have a platform that can effectively manage crucial billing and trading operations. A platform that can increase overall system efficiency, is ready for integration, resilient, fault-tolerant, and won’t set you back an arm and a leg.

Need help with WESM Mindanao commercial operations? Schedule a free consultation today!

Contact Us

That’s why we’re here to help energy companies like you!

Exist Software Lab’s Full Cloud-Based Energy Billing and Trading Solutions!

Our Energy billing and trading solution is infrastructure-agnostic and fully scalable. It has ready access to NMMS, CRSS, PREMS, other IEMOP, and PEMC-related open applications, as well as other data sources.

If you’re losing your sleep over complex billing, worry no more! Because we can help you create complex computations for each customer with our template-based billing computations formula engine/builder.

Our cloud-based energy billing and trading platform can increase the efficiency of your system and improve overall operational performance; here are some of the benefits you can achieve:

  1. Easily Comply with WESM rules – Avoiding WESM penalties can save energy companies significant amounts of money, as penalties can be costly and may affect their reputation and ability to do business. By investing in an efficient billing and trading system, energy companies can improve their compliance with WESM regulations, avoid penalties, and maintain their trading privileges, ultimately resulting in cost savings and a more profitable business.
  2. Cost Efficient – Automating billing and trading processes can reduce the time and labor required to perform these tasks, which can result in significant cost savings for energy companies.
  3. Increased Efficiency– Using cloud technology, energy billing, and trading can be streamlined and automated, reducing manual errors and increasing overall efficiency.
  4. Timely – Achieve an efficient system that generates bills quickly and accurately.
  5. Integration-Ready – Readily available connections to NMMS, CRSS, PREMS, other IEMOP, and PEMC-related open applications, and other data sources
  6. Fully Scalable – A cloud-based platform can easily scale up or down as needed, accommodating changes in business growth and energy usage patterns.
  7. Infrastructure-agnostic – Deploy on a bare-metal server, virtual machine, or any cloud provider as a service or container
  8. Flexible Billing – Via formula engine/builder for template-based billing computations for each customer
  9. Resilient and Fault-tolerant – Unaffected by a single failure due to fault isolation offered by individual modules
  10. Customizable – Modules can be customized based on your business rules and requirements
  11. Easy Monitoring – Your ultimate solution for seamless payment and collection management
  12. Infrastructure-agnostic – Deploy on a bare-metal server, virtual machine, or any cloud provider as a service or container

Overall, managing energy billing and trading can be a bit challenging, but with the right system and partner in place, you can manage your operations a lot more efficiently.

We can be the best partner for all of your Energy System needs!

Developing new systems can be a complex and challenging process, especially when it comes to technology and energy markets. Our organization has the necessary expertise and experience to guide and help organizations carry out new solutions, such as developing a new system for their day-to-day operations with Phil Renewable Energy Market System (PREMS) and Wholesale Energy Spot Market (WESM) systems.

We are dedicated to the development of energy systems for Traditional generators, RE generators, RES, distributors, WAG, SOLAR, and RES. FirstGen, Meralco, Energy Development Corporation (EDC), San Buenaventura Power LTD.Co. (SBPL) , and many others are among the clients we have worked with over the years.

Energy Billing and Trading Automation are one of our primary solutions. We recognize the growing importance of energy trading in today’s world and the need for reliable billing systems to support this industry. That’s why we work closely with energy companies to create a fully integrated, scalable, and cloud-based billing and trading system.

Our solution is designed to be resilient and fault-tolerant, providing you with the peace of mind to focus on running your business with minimal intervention required. Don’t wait any longer, experience the benefits of an integration-ready, fully scalable, and more with our Energy Cloud-based Billing and Trading System today!

Need an Energy Billing and Trading System but not sure where to start?

Contact Us Today
PEPIF 2023
  • No Comments

Exist Software Labs, Inc. joins IEMOP’s PEPIF 2023: Shaping the Future of Philippine Energy Industry!
Exist Software Labs, Inc. joins IEMOP’s PEPIF 2023: Shaping the Future of Philippine Energy Industry! 650 486 Exist Software Labs

The Independent Electricity Market Operator of the Philippines Inc. (IEMOP) recently hosted the Philippine Electric Power Industry Forum (PEPIF 2023) on March 20 and 21, 2023 at the Diamond Hotel Manila. Under the theme “Partnering to Achieve a Secure and Reliable Supply of Electricity for the Country”, the two-day event brought together industry leaders, decision-makers, and professionals to discuss challenges, opportunities, and best practices in the Philippine electric power industry.

The PEPIF 2023 was attended by delegates, sponsors, and resource persons who provided invaluable insights and stimulated meaningful discussions among the stakeholders. The forum aimed to strengthen collaboration and forge partnerships among industry participants in support of the objectives of the Electric Power Industry Reform Act (EPIRA) and accelerate programs under the Philippine Development Plan 2023-2028.

One of the key highlights of the forum was the annual Market Participants Update, which apprised the Wholesale Electricity Spot Market (WESM) members of the latest developments in both the wholesale and retail markets. This update provided a comprehensive overview of the current market trends, regulations, and opportunities for the participants.

PEPIF 2023
Chriss Silerio, the VP for Operations of Exist Software Labs, Inc. discussed the Internet of Energy at PEPIF 2023

Chriss Silerio, the Vice President for Operations of Exist Software Labs, Inc., served as one of the esteemed technical resource speakers. His presentation focused on the convergence of informational technology (IT) and operational technology (OT) in the context of the Internet of Things (IoT), and its significance in shaping the future of the energy industry.

According to him — “IoE takes a more holistic approach by connecting people, data, and processes in the interconnected system…by connecting all these energy assets, devices, and systems of the internet, we can create a smart energy network that is capable of self-optimization and self-healing.”

He shed light on how the integration of IT and OT in IoT has the potential to revolutionize the energy sector by enabling more efficient, interconnected, and data-driven systems. He elaborated on how the convergence of IT and OT can optimize operations, enhance grid management, improve asset management, and enable predictive maintenance in the energy sector.

Want to learn more about how IoE can help the Energy Industry?

Contact Us
PEPIF 2023
PEPIF 2023
PEPIF 2023
PEPIF 2023
PEPIF 2023
PEPIF 2023
PEPIF 2023
PEPIF 2023
PEPIF 2023
PEPIF 2023
PEPIF 2023

The PEPIF 2023 covered a wide range of topics in the electric power industry, including generation, transmission, distribution, retail, and end-use. Industry leaders and experts shared their insights on the latest trends, innovations, and challenges facing the sector. The forum provided a platform for meaningful discussions, knowledge sharing, and networking among the participants, fostering a collaborative approach toward achieving a secure and reliable supply of electricity for the country.

IEMOP expressed its immense pride and honor in successfully hosting the PEPIF 2023 and extended its appreciation to all the participants for their support and contribution to the event. The forum served as a significant milestone in promoting cooperation and partnerships within the Philippine electric power industry, toward a sustainable and vibrant energy future for the country.

Need an Energy Billing and Trading System but not sure where to start?

Contact Us Today
Unveiling Challenges and Solutions for Renewable Energy Sources
  • No Comments

Unveiling Challenges and Solutions for Renewable Energy Sources
Unveiling Challenges and Solutions for Renewable Energy Sources 650 486 Exist Software Labs

Renewable energy is the future of our planet, but the transition to a fully sustainable energy system is not without its challenges. From technological limitations to policy barriers, there are numerous hurdles that must be overcome.

Yes, renewable energy sources have been around for centuries, and for the past few decades, they have been gaining increased attention and promotion due to the need for more sustainable, environment-friendly, and cost-effective energy sources. However, with the increasing interest, there are a few challenges that have been identified with the use of renewable energy sources.

Challenges for Renewable Energy Sources

  1. Availability of reliable sources – Depending on the type of renewable energy, such as solar, wind, or hydro, these sources are dependent on certain weather or geographical conditions. Solar energy, for instance, can only be tapped during the day, and only if the skies are clear. Similarly, wind energy is highly dependent on wind speed, and hydro energy requires a large reservoir. Having such limited availability of renewable energy sources can be a challenge to its utilization and also leads to power outages due to the lack of a reliable source.
  2. The cost associated with the use of renewable energy sources – Compared to traditional energy sources like coal and gas, setting up renewable energy sources requires higher capital investments. For example, the cost of setting up a solar panel is significantly higher than the cost of purchasing coal or gas. This higher price tag is a challenge for countries and organizations that are looking to adopt renewable energy sources.
  3. Storage of renewable energy – Since renewable energy sources are available intermittently, storing this energy for future use can be a challenge. While newer technologies are being developed to address this problem, the existing technology does not suffice to store this energy in bulk for future use.
  4. lack of infrastructure – The infrastructure needed to support renewable energy sources is often much more expensive than traditional sources of energy. This means that countries and communities that want to switch to renewable energy sources must invest in new infrastructure or upgrade existing infrastructure. This can be a difficult and costly challenge to face.
  5. Information technology – can also present a challenge for renewable energy sources. While information technology has provided a wealth of opportunities for renewable energy sources, it can also present a challenge in the form of cyber-security. For example, if a renewable energy source has been hacked, it could lead to catastrophic consequences. This is why it is essential that information technology is used responsibly and in accordance with strict security protocols.

Looking for solutions to these challenges? Schedule a free consultation today!

Contact Us

Despite the challenges, renewable energy sources are gaining traction due to the numerous advantages it offers. To address the availability challenge, many countries and organizations are investing in building smart grids. This allows the energy from renewable sources to be integrated with that from traditional sources, thus reducing the risk of power outages. To address the cost challenge, organizations are also offering subsidies and incentives to encourage the adoption of renewable energy sources. To tackle the storage challenge, advanced technologies like energy storage systems, such as batteries and flywheels, are being developed to ensure that the energy can be stored for future use.

Ultimately, renewable energy sources are a key component of our future energy needs. However, if we are to ensure that these sources are viable and reliable options for the future, it is important that we understand and address the challenges that they face. By investing in renewable energy sources, upgrading infrastructure, and utilizing information technology in a responsible manner, we can ensure that renewable energy sources are here to stay. With the right solutions and investments, these challenges can be addressed, paving the way for a greener future.

We understand that renewable energy poses unique challenges that require innovative solutions.

At Exist Software Labs, Inc., our team of experts is dedicated to developing cutting-edge software and hardware solutions that help energy businesses and communities make the most of clean energy.

Optimize your renewable energy production and storage, minimize downtime, and reduce energy waste with our advanced analytics and monitoring tools. Our smart energy management systems enable you to manage and control your energy usage in real-time, ensuring that you are always in control of your energy costs and carbon footprint.

By leveraging the latest technologies and working closely with our clients, we help you overcome the obstacles that stand in the way of a more sustainable future. We are committed to providing reliable and effective energy solutions that make renewable energy accessible and affordable for businesses of all sizes.

Are you ready to dive into the exciting world of renewable energy? As we look to transition to a greener future, there are certainly challenges to overcome. But fear not! With innovation and determination, we can find solutions to even the toughest obstacles. 

Need an Energy Billing and Trading System but not sure where to start?

Contact Us Today
WESM Mindanao
  • No Comments

Are you prepared for WESM Mindanao’s commercial operation?
Are you prepared for WESM Mindanao’s commercial operation? 650 486 Exist Software Labs

The Independent Electricity Market Operator of the Philippines (IEMOP), operator of the Wholesale Electricity Spot Market (WESM), announced that it is preparing market participants for the official launch of the WESM Mindanao  on January 26, 2023.

Energy Secretary Raphael Lotilla signed the Department of Energy Circular 2022-12-0039 in December 2022, requiring Mindanao electric power industry participants and entities to register as WESM members.

As part of the preparations for the commercial launch of WESM Mindanao, IEMOP hosted a Focus Group Discussion(FGD) in collaboration with various energy industry agencies. IEMOP discusses the provisions of DOE Circular 2022-12-0039 and the activities leading up to WESM’s commercial operations in the region.

WESM Mindanao
WESM Mindanao

Source: WESM | Readiness checklist

“The commercial operation of WESM Mindanao and the MVIP [Mindanao Visayas Interconnection Project] is expected to improve the reliability of electric power supply not only in the Mindanao grid but also in the Luzon and Visayas grids,” according to the circular. It also stated that the commercial operation of the MVIP would require the commercial operations of WESM Mindanao to allow for the efficient transfer of electricity exchanges.

The circular also requires the market operator to facilitate WESM registration and authorize the disconnection of WESM participants and entities that are required to register but are unable to do so.

The critical roles of different agencies such as IEMOP, National Electrification Administration (NEA), Power Sector Assets and Liabilities Management Corp. (PSALM), Philippine Electricity Market Corp. (PEMC), and National Grid Corp. of the Philippines (NGCP) were also discussed in the circular.

Need help with WESM Mindanao commercial operations? Schedule a free consultation today!

Contact Us

Among the roles played by various agencies were:

The IEMOP should also ensure that WESM Mindanao participants comply with the registration requirements and take appropriate action to address noncompliance. They should also ensure that the WESM Mindanao transitions and operates smoothly.

The PEMC will monitor and evaluate the WESM Mindanao implementation and make recommendations to address any policy issues that may arise. It will also impose sanctions and penalties following the circular’s provisions.

The NEA will assist electric cooperatives (ECs) in completing their WESM registration and coordinate with relevant agencies to ensure that the ECs meet the financial and technical requirements for WESM registration.


So the real question is, Are you ready to transition with the WESM Mindanao commercial operations?

We understand that you are committed to ensuring that your company remains compliant with the WESM rules and market manuals, but we also know that it can be difficult to keep track of all of your obligations.

That’s why we at Exist Software Labs Inc. provide Energy System Solutions, a solution that helps you:

– Automate the collection of 5-minute WESM data,
– Comply with the NEW BIR Ruling,
– Streamline submission to CRSS and NMMS,
– Seamless monitoring of MMS data such as RTD, HAP, DAP, LMP, and others,
– Generation of BCQ for CRSs upload,
– Smooth processing of CRSS Metering and Settlement data, and more! 

We will help you avoid sanctions and penalties by assisting you to ensure full compliance with all of your obligations under WESM Rules and Market Manuals.

Check out these links to help you get prepared for WESM Mindanao commercial operation

– WESM Mindanao
– WESM Operations
– WESM-Mindanao-FGD-Grid-Scheduled-Gens_QA-_clean.pdf (iemop.ph)

Avoid WESM Penalties and Sanctions Today!

Automate your processes and create a more competitive, transparent, and efficient system with our Energy Systems Solutions!

Contact Us
New BIR Ruling
  • No Comments

The New BIR Ruling 2022; What’s in it for WESM participants?
The New BIR Ruling 2022; What’s in it for WESM participants? 800 507 Exist Software Labs

New BIR Ruling

Wholesale Electricity Spot Market(WESM), managed and governed by Independent Market Operator (IEMOP) is an electricity market established by the Department of Energy (DOE) under the Republic Act (RA) No. 9136, otherwise known as the “Electric Power Industry Reform Act of 2001”, or EPIRA Law.

WESM aims to create a competitive, efficient, transparent, and dependable electricity market, which is a place where offers, demand, price bids, quantities, and other energy transactions take place.

According to the EPIRA Law, “The cost of administering and operating the wholesale spot market shall be recovered by the market operator through a charge imposed to all market members: Provided, that such charge shall be filed with and approved by the ERC.”

The law requires the Market Operator (MO), in this case, IEMOP, to recoup its costs for administering and managing the market, based on the fact that the MO has no other source of funding to function other than the charges imposed on its members.

In accordance with EPIRA Law and WESM Rules, the EIMOP, as the MO, may charge its members market costs such as Registration Fees, Metering Fees, Billing and Settlement Fees, Administration Fees, Costs reasonably incurred by the Board and Committees, and other working groups, and Other Service Fees.

Upgrade your system in accordance with the NEW BIR RULING Today!

Contact Us

According to BIR RULING OT-323-2021, Page 11 No.5, “The Customer/Buyer shall be the withholding tax agent for energy sold and paid through the WESM, while both the Customer/Buyer and Generator/Seller Shall be the withholding tax agents for the Market Fees collected by IEMOP.” 

With that said, all the WESM participants – Generation companies, Distributors, Renewable Energy (RE) Developers, customers, system operators, network service providers, ancillary services providers, and metering services are now subject to BIR tax withheld from any transactions made within the WESM.

So, why shouldn’t you worry about the new BIR Ruling?

It’s the power of technology! These processes can all be automated. Knowing its importance to your day-to-day activities, let us worry about how we can support you.  

We will assist you in upgrading your system to comply with the New BIR ruling. Adjust your system and automate complex computations and other procedures needed in compliance with the regulation!

Exist Software Labs has extensive experience as an IEMOP and PEMC technology partner for 3 years, and we guarantee we have your back in revolutionizing your system with our Power System Solutions!

Empower your system today!

Learn how to fully automate your processes to create a more competitive, transparent, and efficient system with our Power System Solutions!
Take your power system to the next level!

Contact Us
Internet of Things
  • No Comments

How the Internet of Things is Reinventing the Energy Industry in 2022
How the Internet of Things is Reinventing the Energy Industry in 2022 650 486 Exist Software Labs

The Internet of Things (IoT) has given so much convenience to human activities and transactions over the years that it has become one of the most important technologies on a global scale. It helped not just individuals on its day-to-day activities; but also various business verticals on its company-wide operations.

The energy industry in the Philippines is no exception. The Internet of Things (IoT) provides a wide range of applications that can be utilized in the energy sector; this includes energy production, transmission, distribution, consumption, and many more.

See figure 1.1 (This is the evolution of the Internet of Things (IoT) over the years.)Power System Solutions

In previous years, most of us, consumers, never really considered mother earth when consuming energy; This is one of the improvements that IoT may bring forth! Organizations can drastically cut waste thanks to increased control over energy consumption. It brings significant cost savings and allows for a reduction in CO2 emissions, which benefits the environment.

Another challenge that the Energy Sector has is the lack of integrated energy planning and demand forecasting. This significantly widens the gap between energy supply and demand; However, with the help of IoT’s advanced analytical systems, organizations can now develop precise and real-time forecasts. Here are some Internet of Things (IoT) capabilities that will reinvent the Philippine energy industry.

See figure 1.2 (Here is the entire IoT ecosystem of the Energy Sector. From generators, transmission, distributors to the consumers.)

Power System Solutions1. Intelligent Grid

IoT enables grid systems to gain control over power flow or significantly curb energy use and helps in tracking real-time energy consumption that gives users almost complete control over their energy consumption. Its automated approach also helps consumers become more cost-efficient while decreasing energy waste.

While Energy companies, on the other hand, may achieve real-time monitoring, rapid data restoration, and highly accurate usage forecasts, making energy system management and maintenance much easier.

Empower your system with IoT today!

Contact Us

2. Monitoring of Processes and Resource Optimization

Automation is one of the benefits that IoT can provide; having an IoT system means less human intervention, and less human intervention means fewer errors. The use of sensor devices in a power plant allows for the automated execution of processes and the delivery of better, error-free production. The availability of data on all areas of the supply chain enables the operating system to make accurate judgments on a wide range of factors.

IoT solutions generate real-time data, allowing management to act quickly and take appropriate action if there are errors or inconsistencies, allowing businesses to produce higher-quality services.

3. Analytical Advances

With increased energy consumption demand, energy businesses must rely on advanced analytics more than ever to meet customers’ expectations for more options, better transparency, and lower energy prices and waste. In order to compete, utilities and power generators must utilize the same analytics to precisely anticipate future power usage.
The sensor-enabled technology assists the Philippines’ energy sector in gathering more precise data that can be used in proper forecasting of energy supply and demand. As a way, it lowers unnecessary energy usage.

4. Reduction of maintenance and operating costs

Predictive maintenance is another significant advantage of IoT data. Proactive testing and repair significantly reduce the amount of time the machines are inactive, hence minimizing catastrophic equipment failures and lowering maintenance expenses. It enables managers to take complete control of energy data from the beginning and considerably optimize the operation. The use of an IoT-powered solution in the energy sector employs sensor-based approaches to automate the industry’s operation.

Intelligent sensors and devices, for example, can communicate information from distant equipment to detect an impending fault, minimizing damages and stoppages and giving the system much more flexibility.

5. Increase the Production of Renewable Energy

A smart, dependable, and efficient power supply contributes to the smooth operation of smart cities. The application of IoT in renewable energy generation will assist them in producing enough energy to meet their needs.

Sensors attached to generation, transmission, and distribution equipment are used in IoT applications in renewable energy production. These technologies let businesses remotely monitor and control the operation of their equipment in real-time; This reduces operational expenses and energy waste, but more importantly, it helps us minimize our reliance on fossil fuels.

Exist Software Labs will continue to assist businesses in the energy sector

You may now achieve the above-mentioned processes and technologies with Exist Software labs! For over 20 years, we helped several energy enterprises by implementing multiple Energy Automation solutions.

Achieve advanced analytics without breaking the bank, optimize your operations, and achieve advanced management systems by utilizing various enterprise-grade technologies designed exclusively for the energy industry.

Empower your system today!

Learn how to fully automate your processes to create a more competitive, transparent, and efficient system with our Power System Solutions.
Take your power system to the next level!

Contact Us
Energy Tech Trends, Java, Java Philippines
  • No Comments

2022 Energy Tech Trends to watch
2022 Energy Tech Trends to watch 800 507 Exist Software Labs

The COVID-19 pandemic, numerous heavy typhoons, and other unfortunate events affect all business sectors in the country. One of the major industries affected is Energy and Utilities, and it highlighted the necessity for The Energy Industry to adopt a sustainable perspective and improve the technology system.

Energy Tech Trends 2022

With the rising demand for energy in 2022, the Department of Energy will continue its advocacy to produce renewable energy to cut market prices and achieve sustainability. On the other hand, the private sector will continue to develop technology systems to achieve efficiency, and high effectiveness and keep up with the continuously evolving energy sector.

While numerous technology solutions can assist these firms in achieving their digital objectives, only a few are expected to have a significant influence in 2022. These are the 2022 Energy Tech Trends to watch!

1. Powering Digital Economy Through IoT (Internet of Things)

IoT, or the Internet of Things, has played a vital role in advancing digitization in several industries, including IT, energy, agriculture, healthcare, and many more.

It is one of the most advanced technologies, and one of its advantages is that it improves the efficiency of several businesses, including energy. And as for the energy sector, one of the most important functions of IoT is energy conservation. 

The Internet of Things enables electricity firms to read data in real-time. It enables them to quickly gather, calculate, and analyze data to improve decision-making. It also helps the energy industry transform into an integrated system, resulting in a smart solution that is equipped with advanced technology to increase industry value and maintain asset efficiency for the benefit of the economy.

2. Fifth-Generation Technology will establish the connection

Many companies will continue to improve their systems in 2022. The sector will continue to advance the electric grid to make it more reliable and less expensive, thanks to the national government’s directive to push for renewable energy and industry’s developing market demands.  

These companies rely on Millions of connected devices and digital systems, such as smart meters, sensors, management systems, to communicate data from many locations. And with their objective to digitize their system, they need to have fast and dependable technology, thus creating a need to access 5G technology. 

5G technology is the next generation of cellular technology after 4G. It has faster speed, lower latency, and the capacity to connect more devices at the same time.

Fifth-generation wireless technology will provide new features and more efficient smart grids. New 5G mobile networks will assist the integration of unconnected devices into new smart grids; it will also help the development of new electricity load forecasting software for accurate energy monitoring and forecasting. Organizations will now be able to receive and process the massive volume of data at quicker speeds with no chance of downtime.

3. Companies in the energy industry will continue to migrate to the cloud

The cloud holds the potential for endless growth, system efficiencies, and digital integration in any business industry.

With the Power industry’s continued growth, it needs a system that can handle its complex process and massive data efficiently, effectively, and precisely; this is where the cloud can help.

The cloud has the potential to change every aspect of the energy value chain. Connectivity, scalability, analytics, and automation can all help you save money and increase profits in countless ways.

Thanks to Exist’s strong foundation in the power industry, with its business solutions to industry market leaders and cloud services to other business verticals, we can now quickly apply tailored advancements to your company.

4. Artificial Intelligence will revolutionize the game.

Artificial Intelligence (AI) is becoming relevant in the energy industry and has great potential for future energy system structures.

Digital technologies such as Artificial Intelligence (AI) will make energy sector systems more intelligent, efficient, dependable, and sustainable, which benefits the entire energy sector chain, from generation to transmission to distribution to the consumer.

In terms of alignment with the government’s ambitions, AI would also benefit Renewable Energy. With the growing use of renewable energy sources, it is becoming increasingly difficult to regulate the megawatts that are fed into the grid; with this, power networks will be unstable and prone to blackouts.

With this technology, renewable energy sources may now provide real-time, accurate data that allows AI to predict capacity levels.

5. Energy Sector will embrace the power of Machine Learning

With Machine Learning (ML), it’s as if you have a sophisticated human mind monitoring your system, complete with advanced self-learning algorithms, taking your data to a whole new level by making human-like decisions based on current AI data.

ML employs approaches that can be applied to predictive maintenance. Power lines, machines, and stations, in essence, are outfitted with sensors that capture operating time series data.

With enough data, your system can now forecast if a failure will occur in your system, allowing you to more efficiently monitor maintenance, reduce downtime, and avert system failure as soon as possible; thus, lowering your system expenditures.

6. Taking Advantage of Big Data

It’s one thing to get your data, but it’s quite another to use it to your advantage. 

Big Data Analytics has the potential to be a key driver in achieving optimal company performance in the energy sector.

Big data can help the energy business in many ways, including improved supply chain management, enhanced customer satisfaction, optimizing business efficiency, analyzing future risks and possibilities, and much more.

As a result, more and more energy companies are becoming more competitive. A superior business strategy that incorporates a large amount of data and efficient processes is assisting them in developing company value and increasing customer satisfaction.

So, how can you achieve the advanced system and follow Energy Tech Trends?

Whether you like it or not, the energy sector will continue to advance its technological innovation.

In this regard, it is important to look for an innovative partner who can add value to your organization, and this is where Exist Software Labs can assist you! With our extensive experience in the energy industry, we could bring you the innovation you deserve.

Empower your system today!

Learn how to fully automate your processes to create a more competitive, transparent, and efficient system.
Take your power system to the next level!

Learn More
Enter your
text here