Deep reforms of the Philippine power sector began in 2001, aiming at competitive wholesale and retail markets. This
case study analyzes the Philippine experience with wholesale electricity markets at the generation level, including design,
implementation, and outcomes. The case of the Philippines’ power market highlights the importance of adequate ownership structure supportive of competition, the need of effective monitoring and oversight, especially during initial phases of the market, and the benefits and challenges that open and competitive wholesale markets can provide over time, especially in interaction with vertical integration (whether through cross-ownership or through bilateral contracts).
Rudnick, Hugh; Velasquez, Constantin. 2019. Learning from Developing Country Power Market Experiences : The Case of the Philippines (English). Policy Research working paper; no. WPS 8721. Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/428331548771494859/Learning-from-Developing-Country-Power-Market-Experiences-The-Case-of-the-Philippines