In a strategic move to reinforce its growing power distribution portfolio, Primelectric Holdings, Inc., led by billionaire Enrique Razon Jr., has appointed Atty. Richard Nethercott, former president and chief executive officer of the Independent Electricity Market Operator of the Philippines (IEMOP), as its Corporate Chief Operations Officer (COO).
Tag: IEMOP
Electricity prices drop by 26% in first half of 2025
Electricity prices in the Philippines have seen a significant decline in the first half of 2025, driven by reforms, improved efficiency across the power sector, and increasing renewable energy adoption, according to the Independent Electricity Market Operator of the Philippines (IEMOP).