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John Knorring, Founder and CEO of Green Tiger Markets, explained that GTM is the first and only marketplace in the Philippines offering forward price hedging. This is often mistaken as a function of IEMOP or the Wholesale Electricity Spot Market, but it is a fundamentally different role. In most electricity markets around the world, spot and forward markets are run by separate entities because they require very different skills. Knorring cited Texas as an example, where ERCOT operates the spot m

Did you know? On August 21, 1996, ERCOT became the first Independent System Operator (ISO) in the United States. ERCOT manages the flow of electric power to more than 27 million Texas customers, representing about 90 percent of the state’s electric load. | Electric Reliability Council of Texas