Former Electricity Market Chief Atty. Richard Nethercott Joins Primelectric Group, Bolstering Leadership in Philippine Energy Sector

In a noteworthy development within the Philippine energy landscape, Atty. Richard Nethercott, former President and CEO of the Independent Electricity Market Operator of the Philippines (IEMOP), has recently joined Primelectric Holdings, Inc., the power distribution arm of billionaire Enrique Razon Jr.’s conglomerate.

A Leader with Deep Industry Expertise

Atty. Nethercott is widely recognized for his pivotal role at IEMOP, the operator of the Wholesale Electricity Spot Market (WESM), the country’s key electricity trading platform. His extensive experience in managing the complexities of the electricity market brings a wealth of knowledge and strategic insight to Primelectric.

Primelectric, which oversees a robust portfolio of power distribution utilities such as MORE Power in Iloilo, Negros Power, Bohol Light, as well as the MORE Power Barge and PrimeRES retail aggregation program, welcomed Nethercott as its new Corporate Chief Operations Officer (COO).

Strengthening Primelectric’s Operational Excellence

Roel Castro, President and CEO of Primelectric, expressed his warm welcome to Atty. Nethercott, underscoring the strategic advantage of his addition: “With over five years of distinguished experience in managing the country’s electricity trading floor, Atty. Nethercott brings invaluable leadership that will strengthen our operational and strategic initiatives.”

Nethercott’s background also includes serving as a Board Director of the Philippine Electricity Market Corporation (PEMC) and as an academic contributor in law, inspiring future leaders in several universities. This blend of regulatory, corporate, and educational expertise uniquely positions him to lead Primelectric’s operational functions with a balanced perspective.

Commitment to Innovation and Quality Service

In his new role, Atty. Nethercott conveys a deep commitment to the company’s vision: “It is an honor to join Primelectric with the hope of being able to positively contribute to the company’s mission of providing the best quality service consumers deserve.” His appointment underscores Primelectric’s ambition to leverage top-tier talent to enhance its service delivery and expand its footprint in the Philippine power sector.

Looking Ahead: Primelectric’s Growing Influence

As Primelectric continues to grow its role in power distribution across key regions in the Philippines, the addition of a seasoned industry leader like Atty. Nethercott reflects its dedication to innovation, regulatory excellence, and customer-focused service. This strategic move is set to drive the Group’s mission forward, promising more reliable and efficient energy solutions for Filipino consumers.

Primelectric’s confident step to strengthen its leadership team with Atty. Richard Nethercott highlights the dynamic changes shaping the country’s power sector—a promising sign for continued growth and enhanced service standards.

This new chapter for Primelectric marks a forward-thinking approach to energy distribution, empowering communities with better power management and sustainable operations.