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The Future Energy Show Philippines 2023
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Exist Software Labs, Inc. showcases top-notch Energy System Solutions at The Future Energy Show Philippines 2023
Exist Software Labs, Inc. showcases top-notch Energy System Solutions at The Future Energy Show Philippines 2023 650 486 Exist Software Labs


In the dynamic landscape of the energy industry, Exist Software Labs, Inc. stood out as they showcased their cutting-edge Energy System Solutions at The Future Energy Show Philippines 2023!

The Future Energy Show Philippines 2023
The Future Energy Show Philippines 2023
The Future Energy Show Philippines 2023
The Future Energy Show Philippines 2023
The Future Energy Show Philippines 2023
The Future Energy Show Philippines 2023
The Future Energy Show Philippines 2023
The Future Energy Show Philippines 2023
The Future Energy Show Philippines 2023

One of the distinguished speakers at the Future Energy Show Philippines 2023 was Jose Jr. Layug, President of Developers of Renewable Energy for AdvanceMent, Inc (DREAM). With his extensive knowledge and experience, Layug took the stage to shed light on the challenges of transmission and distribution (T&D) in the realm of renewable energy.

Similar to numerous nations worldwide, the Philippines confronts a multitude of hurdles and potential advantages while navigating the transition of its transmission and distribution (T&D) systems toward renewable energy sources.

In relation to this shift, there are several forthcoming challenges and factors to be mindful of, including the integration of the grid, the utilization of data analytics and forecasting, effective management of energy storage, the implementation of intelligent grid solutions, and the assurance of robust cybersecurity measures.

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To overcome these obstacles, it is imperative to foster collaboration among policymakers, regulators, industry participants, and an IT Solutions Company that specializes in facilitating the rapid adoption of renewable energy sources, thereby enabling a swift and successful transition toward a sustainable and resilient transmission and distribution (T&D) system.

Embrace the future of renewable energy with Exist Software Labs, Inc.!

The Future Energy Show Philippines 2023 was ablaze with excitement as Exist Software Labs, Inc. showcased its Energy System Solutions, leaving a lasting impression on attendees.

As an official exhibitor, Exist presented its cutting-edge Cloud-based Billing and Trading Solutions, Internet of Energy Solutions, and Digital Transformation solutions meticulously crafted for the energy industry. 

With an impressive 20-year track record in system development, Exist has become synonymous with excellence. Their commitment to developing energy system solutions for Traditional Generators, RE Generators, RES, Distributors, WAG, SOLAR, and RES was evident at the event. 

Witnessing Exist’s exceptional solutions firsthand at The Future Energy Show Philippines 2023 was a testament to their unwavering dedication to revolutionizing the energy sector.  Don’t miss the chance to explore the transformative potential of Exist’s comprehensive Energy System Solutions and drive your energy operations to unprecedented heights.

Discover how our services can empower Renewable Energy Companies in enhancing their energy systems. Learn more today!

Need a Smart Metering System but not sure where to start?

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Energy Billing and Trading
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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!

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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


Level up your Energy System.
Start Your Digital Transformation Today!

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    The Future Energy Show 2023
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    The Future Energy Show 2023: The largest Energy Event is back this May!
    The Future Energy Show 2023: The largest Energy Event is back this May! 650 486 Exist Software Labs


    The Future Energy Show 2023 is set to take place on May 15-16, 2023, at SMX Manila, and it promises to be the largest energy event in the country.

    After a successful return in 2022, the 9th edition of the Future Energy show is back with a bigger and better agenda. This event is a great opportunity for energy industry professionals to network, learn about the latest industry trends, and showcase their products and services.

    The Future Energy Show 2023 & The Solar Show Philippines

    The Future Energy Show & The Solar Show Philippines is the most significant event for the energy sector in the country, with over 6000+ attendees from different parts of the country. This two-day event is packed with activities that include in-person networking, exchanging ideas, building brands and partnerships, and growing professional networks.

    The Power-packed agenda of the event features more than 150+ expert speakers who will cover big ideas, market disruptors, new industry trends, and innovative technologies in large-scale solar, smart grid, rural electrification, rooftop solar, alternative renewables, energy storage, and more!

    Attendees can look forward to gaining insights from these experts and learning about the latest trends and technologies in the energy industry.

    Build a fully customized Energy System Solutions Today!

    Contact Us

    Exist Software Labs, Inc. one of the official exhibitors of the event will also showcase its Cloud-based Billing and Trading Solutions, Internet of Energy Solutions, and Digital Transformation solutions for the energy industry. With over 20 years of experience in developing systems, we are committed to developing energy systems for Traditional Generators, RE Generators, RES, Distributors, WAG, SOLAR, and RES.  Don’t miss the chance to visit our booth at Q24 and learn more about the different industry trends and developments and get a chance to win exciting booth prizes!

    The Future Energy Show 2023 promises to be the largest and most awaited energy event in the country. So don’t miss the chance and Get your FREE pass to the event today!

    Get your FREE Pass today!

    REGISTER
    PEPIF 2023
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    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
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    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!

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    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
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    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!

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    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
    Exist at Future Energy Show 2022
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    Exist Software Labs Inc. Participates in the Future Energy Show 2022, the largest energy show in the Philippines!
    Exist Software Labs Inc. Participates in the Future Energy Show 2022, the largest energy show in the Philippines! 650 486 Exist Software Labs

    Exist Software Labs Inc. Participates in the Future Energy Show 2022, the largest energy show in the Philippines!

    Last week, September 7-8, 2022, the largest energy conference, Future Energy Show, was held at SMX, Manila.

    Exist Software Labs Inc. Participates in the Future Energy Show

    Over 4,700+ future energy leaders, experts, professionals, partners, & other attendees, more than 80 world-class solution providers & exhibitors, and more than 90+ speakers brought new insights about the industry.

    The two-day event covers a wide range of industry topics, with panel discussions focusing on the most recent innovations in renewable energy. Smart grid and T&D, rural electrification, large-scale solar, alternative renewables, and storage are all possibilities.

    Senator Sherwin Gatchalian, one of the Philippine Energy Specialists, was also a resource speaker at the conference.

    In one of his speeches, he encouraged the use of renewable energy throughout the country to lower electricity prices, saying, “Dapat lumipat na tayo sa Solar, lumipat na tayo sa ganitong teknolohiya, para bumaba ang pagbabayad natin ng kuryente, dahil pag solar, sarili natin pino-produce yung’ kuryente, hindi na tayo bibili.”.

    Sen. Win Gatchalian at Future Energy Show 2022

    Sen. Win Gatchalian at Future Energy Show Philippines 2022

    The Philippines’ energy future is in the digital transformation of its electricity system. It is here, at the Future Energy Show, where we shared our expertise in digitalizing Philippine Power Systems.

    We understand the challenges power system development can bring, and we at Exist are ready to provide solutions that take into account every aspect of the process. Our top-tier expertise in power system development has helped us gain an excellent reputation among clients.

    As the power industry strives for the future of energy through technological advancement, Dell technologies can assist in delivering the products you require in reimagining your system.

    Dell will empower you to manage increasingly complex grids by performing analytics at the point of data collection through the use of edge technology.

    With our technology and innovation, together with our partner, Dell technologies, a complete system is our promise to you – it’s what gives you peace of mind as you ensure that your devices and systems are constantly being optimized.

    Don’t wait to innovate, take your power to the next level Today!

    Let us help you build Power System Solutions that drive efficiency, growth, and innovation and help your company produce smarter and faster decisions.

    DOWNLOAD DATASHEET

    Download FREE Power Datasheet!

      New BIR Ruling
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      The New BIR Ruling; What’s in it for WESM participants?
      The New BIR Ruling; 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
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      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.

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      Energy Tech Trends, Java, Java Philippines
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      Energy Tech Trends to watch
      Energy Tech Trends to watch 800 507 Exist Software Labs

      With the rising energy demand, 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 the next few years. These are the Energy Tech Trends to watch!

      1. Powering the 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 the next years. 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 the industry’s developing market demands.  

      These companies rely on Millions of connected devices and digital systems, such as smart meters, sensors, and 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. The 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 assists them in developing company value and increasing customer satisfaction.

      So, how can you achieve an 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
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