TRAXION Tech, a leading financial technology company in the country, is expanding its impactful digital innovation to the energy sector through a pivotal partnership with the Independent Electricity Market Operator of the Philippines Inc. (IEMOP).
This collaboration, formalized during the ceremonial signing of the Software Development Agreement in Pasig City last June 11, 2025, unites the strengths of both organizations to significantly enhance the nation’s energy trading infrastructure.
Traxion Tech, demonstrating its capability to support critical infrastructure within the energy sector, emerged as the winning bidder for the development of peripheral system functions as part of the IEMOP Electricity Market Management System (IEMMS) project.
The partnership’s core objective is to transform the digital infrastructure underpinning the Wholesale Electricity Spot Market (WESM), a dynamic energy trading platform that facilitates real-time electricity trading across the country.
As part of this landmark agreement, Traxion Tech will develop new electricity trading platform interfaces and deliver comprehensive application development services, thus supporting the IEMMS ecosystem through specialized system functions.
These enhancements are designed to improve system performance, elevate user experience, and ensure operational scalability.
Beyond immediate technical improvements, this upgrade will lay the groundwork for future innovations including seamless integration and development of upcoming electricity markets. This modernization effort is recognized as the most significant system overhaul in WESM’s history, poised to better serve the evolving needs of its stakeholders.
This collaboration powerfully underscores Traxion Tech’s proven ability to deliver advanced software solutions to highly regulated industries.
By undertaking the modernization of a national-level electricity market solution in collaboration with IEMOP and other solution providers, Traxion Tech reinforces its commitment to driving digital innovation and creating impactful solutions across diverse sectors. Key areas of focus include optimizing the submission and processing of electricity bids and offers, enhancing data exchanges with power system operators, developing capacity market auction platform, facilitating robust post market-run calculations, enabling real-time market price and dispatch schedule data delivery, and improving monitoring of daily market trading activities.
IEMOP executives express strong confidence that their partnership with Traxion Tech will foster enhanced transparency, improved efficiency, and bolstered market resilience. The modernization project is anticipated to deliver substantial improvements for IEMOP’s platform users, particularly the generators. Traxion Tech’s enhancements are specifically designed to ensure optimized system performance and uptime, improved user experience, greater transparency and data insight, and strengthened security and compliance.
These improvements will collectively translate into faster trade execution, greater confidence in platform reliability, and reduced operational friction for all stakeholders in the electricity market.
ENERGIZING THE COUNTRY The Software Development Agreement ceremonial signing was well-attended by top executives from both Traxion Tech and IEMOP, including CEO Ann Cuisia and Chief Operating Officer (COO) Joshua Santos of Traxion Tech, alongside IEMOP President and CEO Richard Nethercott and COO Robinson Descanzo. Their mutual enthusiasm and firm commitment highlight the transformative nature of this partnership. PHOTOS FROM TRAXION TECH
This is an excerpt from the original article.
The Manila Times. (2025, August 26).
IEMOP ignites Philippine energy market transformation with Traxion tech partnership