MANILA, Philippines–(BUSINESS WIRE)–Green Tiger Markets, the first and only provider of a forward market for Philippines electricity, proudly announces the successful completion of a first Midday Hours trade on its hedging platform for the Philippines Electricity market. This transaction builds on the increasing use of GTM’s Around-the-Clock hedging product.
John Knorring, CEO of Green Tiger Markets, summarized this milestone. “Our novel Midday Hours contract was designed to be used as a tool for solar developers in their efforts to create more bankable projects,” he said. “Trades like this will accelerate the transition to a greener grid.”
The Philippines Electricity market traditionally faces challenges with transparency and volatility. Those obstacles hinder the development of a reliable and affordable electricity ecosystem, ultimately creating price shock on the consumer side. By being the first to provide a marketplace for energy market participants, Green Tiger Markets’ hedging platform minimizes price risk.
The accelerating adoption of financial hedging as a solution for price volatility creates an opportunity for the Philippines Electricity market to streamline its energy supply chain. It also expedites significant new generation capacity to a rapidly growing domestic economy.
“Green Tiger Markets embodies a shift towards a more transparent, liquid, and efficient business landscape that will benefit both consumers and generators of electricity,” added Knorring.
About Green Tiger Markets:
Green Tiger Markets builds markets to promote transparency, price discovery, and liquidity. Green Tiger Markets is the only provider of a forward marketplace for the Philippines Energy industry and is dedicated to enabling clients to manage price risk. By employing technology, Green Tiger Markets empowers market participants to trade energy products efficiently and securely, facilitating the transition towards a sustainable energy future.
Contacts
For inquiries, please email: info@greentigermarkets.com
