Energy System Solutions

PEPIF 2024

IEMOP: MPU and PEPIF 2024 Events Power Up the Future of Energy Efficiency in the Philippines

IEMOP: MPU and PEPIF 2024 Events Power Up the Future of Energy Efficiency in the Philippines 1300 972 Exist Software Labs

ILOILO CITY – The Independent Electricity Market Operator of the Philippines (IEMOP) successfully convened the Philippine Electric Power Industry Forum (PEPIF) 2024 on April 5th at the Iloilo Convention Center (ICON). Held under the theme “Powering a Sustainable and Secure Energy Future for the Country,” the forum brought together key stakeholders from across the Philippine electric power industry for two days of engaging discussions and presentations.

The event commenced with the Market Participants Update (MPU) on April 4th at the Courtyard by Marriott in Iloilo City. This annual gathering provided IEMOP a platform to apprise Wholesale Electricity Spot Market (WESM) members of the latest market operations developments.

IEMOP Electrifies Stakeholders with Market Participant Update (MPU)

This crucial gathering provided IEMOP a platform to apprise Wholesale Electricity Spot Market (WESM) members of the latest market operations developments. Here’s a glimpse into some of the key takeaways from the MPU:

  • Opening Keynote by Dr. Rowena Cristina Guevara, Ph.D., Undersecretary of the Department of Energy: Dr. Guevara’s keynote addressed the government’s perspective on the energy sector, potentially outlining national priorities and upcoming initiatives of the Department of Energy.
  • Market Operation Highlights by Isidro E. Cacho, Head Trading Operations Department of IEMOP: Mr. Cacho’s presentation focused on the nitty-gritty of WESM operations. He presented updates on trading activities, insights on market transactions and generation mix, and recent technical developments that could impact WESM participants.
  • Enforcement and Compliance Updates by Atty. Ma. Hazel Gubaton-Lopez, Chief Enforcement and Compliance Officer of Philippine Electricity Market Corporation (PEMC): Ms. Gubaton-Lopez’s session informed participants about compliance monitoring, reserve market compliance, WCO Certification and registration, and compliance-related rule amendments and developments.

Watch the full event here.

The interactive environment of the MPU fostered open communication, allowing trading participants to raise concerns and seek clarification on the presented updates, ensuring they remain compliant and informed WESM operators.

Get Your FREE Basic Trading Application Today!

Get a Real-time view of RTD, HAP, and DAP and Compliance, MMS Offering Submission, Integration with MMS and IEMOP public website data, and more!

PEPIF 2024: Charting a Sustainable and Secure Energy Course

PEPIF 2024 featured a comprehensive agenda exploring critical aspects of the Philippines’ energy transition:

  • Philippine Energy Transition Plan: Experts examined the government’s roadmap for clean energy, highlighting opportunities in renewables like solar, wind, and geothermal, while acknowledging grid integration, and other challenges
  • Regulations for RE Development: Discussions centered on policies and market mechanisms that can incentivize investments in renewable energy projects.
  • Rural Electrification with Renewables: The session focused on how renewable energy can play a pivotal role in achieving 100% rural electrification through innovative solutions
  • PEPIF 2024 culminated in a dynamic panel discussion featuring industry professionals like Mylene Capongcol from the Department of Energy, Fernando Martin Roxas of National Power Corporation, and ACEN Corporation’s COO Miguel De Jesus. Joining them were academic experts like Dr. Fernando Aldaba Ph.D., Keiju Mitsuhashi from the Asian Development Bank, Aboitiz Renewables Inc.’s President and COO, James Villamoran, and of course, IEMOP’s President and CEO, Atty. Richard J. Nethercott. The discussion focused on charting a course toward a sustainable and secure energy future. Panelists emphasized the importance of collaboration between public and private sectors, leveraging technological advancements, and empowering consumers to actively participate in the energy transition.

Watch the full event here


Exist Software Labs Powers Up WESM Participants with Free Basic Trading App

Further solidifying their commitment to the industry, Exist Software Labs, Inc. offered a FREE Basic Trading Application at the event. This application provides essential functionalities for WESM participants, including a Real-time view of RTD, HAP, and DAP and Compliance, MMS Offering Submission, Integration with MMS and IEMOP public website data, and more. By offering this free platform, Exist Software Labs, Inc. demonstrates its dedication to empowering market participants and fostering a more efficient Energy industry in the country.

With a proven track record of success, Exist Software Labs, Inc. has been empowering energy companies in the Philippines for years, with notable clients including The Independent Electricity Market Operator of the Philippines Inc. (IEMOP) and the Philippine Electricity Market Corporation (PEMC).  Looking ahead, Exist Software Labs, Inc. is committed to playing a key role in accelerating the Philippines’ transition to a clean and efficient energy future.

Looking to optimize your operations, ensure compliance, and gain a competitive edge? Visit
Exist Software Labs, Inc.’s website to explore their comprehensive suite of solutions, including their Trading and Billing System, Energy Business Process Automation, and more!

Get Your FREE Basic Trading Application Today!

Get a Real-time view of RTD, HAP, and DAP and Compliance, MMS Offering Submission, Integration with MMS and IEMOP public website data, and more!


PhilEnergy 2024: Powers Up the Future of Energy Efficiency in the Philippines

PhilEnergy 2024: Powers Up the Future of Energy Efficiency in the Philippines 1300 972 Exist Software Labs

The Philippines’ leading energy exhibition and conference, PhilEnergy, concluded a successful three-day run last week at the SMX Convention Center in Pasay City. Held from March 20th to 22nd, the event served as a premier platform for showcasing the latest advancements and innovations in the energy sector.

These sessions covered a wide range of topics across the energy spectrum, including renewable energy advancements, energy efficiency strategies, the rise of electric vehicles, and the latest developments in power and storage solutions. 

PhilEnergy 2024 served as a valuable platform for industry professionals to learn, network, and collaborate on shaping a more secure and sustainable energy future for the Philippines. Exist Software Labs Inc., a leading software solutions provider, was among the key participants who actively participated in this event.

Energy Efficiency in Focus


Energy Efficiency Day 2024, held within PhilEnergy, underscored the critical role energy efficiency plays in achieving a sustainable future. Mr. Alexander Ablaza, President of Philippine Energy Efficiency Alliance Inc., outlined a 4-point action plan prescribed by the International Energy Agency (IEA) to reach this goal by 2030:

  • Doubling the rate of energy efficiency improvement to 4% annually would significantly reduce global energy demand and CO2 emissions.
  • The Full implementation of existing policies could achieve nearly three-quarters of the doubling goal.  
  • Accelerating efficiency can enhance energy security, create millions of new jobs, and bring electricity access to hundreds of millions of people. 
  • Tripling the annual investments in energy efficiency to $1.8 trillion by 2030 highlights the need for significant public and private sector collaboration.

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

Exist Software Labs, Inc. Empowers Energy Sector

Exist Software Labs, Inc.’s presence at PhilEnergy 2024 highlighted the growing importance of information technology in the energy industry. The company showcased its comprehensive suite of solutions designed to optimize energy operations, improve efficiency, and contribute to a more sustainable future.  |

With a proven track record of success, Exist Software Labs, Inc. has been empowering energy companies in the Philippines for years, with notable clients including The Independent Electricity Market Operator of the Philippines Inc. (IEMOP) and the Philippine Electricity Market Corporation (PEMC).  Looking ahead, Exist Software Labs, Inc. is committed to playing a key role in accelerating the Philippines’ transition to a clean and efficient energy future.

Let’s make the energy transition easy for you

Explore our energy solutions to streamline your operations today


PhilEnergy 2024 Electrifies SMX this March: Don’t Miss the Philippines’ Biggest Energy Event!

PhilEnergy 2024 Electrifies SMX this March: Don’t Miss the Philippines’ Biggest Energy Event! 1300 972 Exist Software Labs

The much-anticipated PhilEnergy event is returning in 2024, and it’s set to be bigger and better! Mark your calendars for a 3-day event on March 20-22, 2024, as the Philippines’ leading energy exhibition and conference takes center stage at the SMX Convention Center in Pasay City, expecting to gather over 10,000+ industry professionals.

PhilEnergy is the premier platform for showcasing the latest advancements and innovations in the energy sector. This year’s event promises to be a power-packed gathering, bringing together key industry players, government officials, and decision-makers under one roof. It’s the perfect opportunity to foster valuable discussions, collaborations, and connections to drive the Philippines toward a sustainable energy future.

What to Expect at PhilEnergy 2024:

Extensive product showcase: Explore a wide range of exhibits featuring cutting-edge technologies and solutions across various energy segments, including renewable energy, power generation, transmission and distribution, and energy efficiency.

Topical conferences and seminars: Gain insights from industry experts and thought leaders through informative conferences, and seminars tackling critical issues and trends in the energy landscape.

Networking opportunities: Connect with more than 10,000 similar minds, build valuable relationships, and explore potential business partnerships at dedicated networking events and sessions.

Build a fully customized Energy System Solutions Today!

Exist Software Labs, Inc.: Your Partner in Energy Efficiency (Booth Number: A7)

Exist Software Labs, Inc. is a leading provider of software solutions With over 20 years of experience in developing systems, we are committed to developing energy systems for Traditional Generators, RE Generators, RES, Distributors, WAG, and SOLAR.  

We offer a comprehensive suite of services, including:

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

Internet of Energy: We provide a fully integrated and comprehensive Internet of Energy Solution! Our strategy is to combine our unique IoE know-how with our extensive experience in information technology and industry knowledge.

Energy Business Process Automation: Streamline your operations and boost efficiency with our integrated solutions for CRM, accounting, data analytics, work order management, enterprise asset management, inventory control, and more.

Don’t miss to visit our booth at PhilEnergy 2024 (booth number A7) and learn more about how Exist Software Labs can help your organization achieve its energy efficiency goals and contribute to a sustainable future. Don’t miss out on this exciting opportunity to be part of the biggest and most exciting energy event in the Philippines!

Are you ready to take your Energy system to a new level?

Know more about how our Energy solutions can help you manage your system more seamlessly and efficiently.

Energy Trading and Billing System Challenges

Unveiling Pain Points: Analyzing Energy Trading and Billing System Challenges in the Philippines

Unveiling Pain Points: Analyzing Energy Trading and Billing System Challenges in the Philippines 1300 972 Exist Software Labs

In the dynamic landscape of the Philippine energy sector, the complexities and challenges inherent in energy trading and billing systems have become increasingly apparent. 

This article sheds light on the multifaceted challenges faced by energy companies in the Philippines, addressing crucial pain points that extend from regulatory compliance to data security management. From navigating complex tariffs and diverse pricing structures to grappling with legacy systems, the sector finds itself at a critical juncture where technology and innovation are not only desired but imperative for sustainable growth.

Energy Trading and Billing System Challenges

Now, let’s delve into the challenges posed by energy trading and billing systems and explore potential solutions to overcome them.

  1. Regulatory Compliance
  2.  Complex Tariffs and Diverse Pricing Structure
  3. Data Integration Challenges
  4. Manual Processes and Inaccurate Billing
  5. Manual Generation of OR
  6.  Dispute Resolution and customer education:
  7. Data Security and Management
  8. Scalability
  9. Legacy Systems

1. Regulatory Compliance



  • Exist offers a comprehensive trading and billing system solution that integrates alterations related to WESM Compliance, helping energy companies to adjust to regulatory requirements updates will be implemented in testing environments well in advance of WESM’s trial operation or commercial go-live stage, providing you with sufficient time for testing before putting it into operation
  • Whether your Exist’s Trading and Billing system is hosted on our cloud, your cloud, or on-premise, as long as you maintain an active subscription or an ongoing maintenance and support agreement with us, we will ensure that it is kept up to date

 2. Complex Tariffs and Diverse Pricing Structure


  • Most energy companies offer various tariff options and diverse pricing structures to customers, including load profile-based products, time-of-use rates, and tiered pricing. Accurately managing and calculating these tariffs and various pricing structures can be complex and error-prone. In addition, implementing a new pricing structure for a customer within an automated system usually incurs additional costs for customization.


  • Our system uses a flexible Formula and Structured Query Language (SQL) builder to manage tariff and pricing structures. It is capable of handling a variety of tariff and pricing frameworks, automatically computing bills per your client contracts.

Are you having trouble managing Complex tariffs and Diverse Pricing structures? We can help.

3. Data Integration Challenges


  • Ensuring billing accuracy requires all data to be both up-to-date and accurate. However, the integration of data from diverse sources, such as meter readings, customer information, and market data, can pose a significant challenge.
  • Accessing NMMS data, whether through API, MPI, the IEMOP website, or a data subscription, may present a challenge for users who are not familiar with technical processes.


  • We have invested in a robust integration platform and middleware that streamlines data integration, guaranteeing data accuracy and consistency throughout the process.
  • Exist Energy System Solutions has direct integration with WESM, NMSS, CRSS, PREMS, and Data subscription services
  • Our system includes seamless integration with a range of ERP and CRM software, including Salesforce, NetSuite, and SAP.

4. Manual Processes and Inaccurate Billing


  • Traditional billing procedures are labor-intensive and prone to human errors, which can stem from factors like meter reading discrepancies, data entry inaccuracies, or system glitches. Such errors may give rise to conflicts with customers and potential regulatory penalties.


  • Exist’s end-to-end billing automation substantially minimizes the need for manual intervention, this will help you streamline your processes from meter reading to invoice generation to ensure both efficiency and accuracy.

5. Manual Generation of OR


  • Generation and submission of OR hardcopies to regulators become tedious especially due to the volume of customers. The current process is to manually generate the OR, have it printed, signed, and scanned then send it to IEMOP.


  • We have already built an e-OR generation functionality in our Trading and Billing System to eliminate the manual and tedious process of receipt generation and submission. (Please take note that CAS Accreditation is a prerequisite for handling e-OR functionality.)

6. Dispute Resolution and Customer Education


  • Customers may need help to digest and understand bill details and resolving billing concerns and disputes can be resource-intensive.


  • Our system could fully integrate into your Customer Relationship Management (CRM) software, empowering you to track and resolve billing-related inquiries and disputes efficiently, enhancing your customer service. Further, we have developed customer portals with detailed bill breakdowns and explanations to enhance customer understanding.

7. Data Security and Management


  • Protecting customer data is paramount. Sharing spreadsheets where data are stored is a possible security vulnerability.


  • By having an automated system, robust data security measures, including encryption and access controls, safeguarding the customer information would already be built in.

8. Scalability


  • Expanding or scaling systems and operations alongside an increasing customer base and meter data


  • We utilize cloud-based and container-orchestrated billing solutions, enabling us to expand dynamically with your customer and data growth.

9. Legacy Systems


  • Other Energy Companies have become accustomed to the existing processes and systems of legacy systems, which could impede efforts to modernize.


  • We have a specialized implementation team committed to assisting you in the gradual replacement of your legacy systems, facilitating the transition of your systems and processes to scalable and contemporary solutions.

Exist Software Labs Unveils Strategic Energy System Solutions

The examination of energy trading and billing system challenges in the Philippines reveals a landscape ripe for transformation. The identified pain points, ranging from regulatory compliance hurdles to the limitations of legacy systems, underscore the urgent need for strategic interventions. As the industry seeks to modernize and enhance its operational efficiency, a forward-looking approach becomes paramount.

Exist Software Labs, Inc.’s Strategic Energy Solutions presents a holistic and tailored approach to uplift the energy trading and billing landscape in the Philippines. By addressing these pain points, we pave the way for a future where the sector not only meets current challenges but thrives in the face of evolving industry dynamics.

Are you ready to take your Energy Trading and Billing system to a new level?

Know more about how our Energy solutions can help you manage your Trading and Billing system more seamlessly and efficiently.

Renewable Energy

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.


  • 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

  1. Extreme Weather Events

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


  • 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.


  • 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

Giga Summit 2023

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

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.

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


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

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.