Atty. Richard Nethercott joins Primelectric Holdings, Inc. as its Corporate Chief Operations Officer (COO), a key appointment in the growing energy portfolio of Enrique Razon Jr. Nethercott previously led the Independent Electricity Market Operator of the Philippines (IEMOP), overseeing operations of the country’s power trading market.
Primelectric Strengthens Its Leadership with Atty. Richard Nethercott
Primelectric confirmed the appointment, highlighting that Atty. Richard Nethercott joins Primelectric at a time of rapid growth and expansion in power distribution. The move reflects the company’s commitment to strengthening leadership and operational efficiency across its utilities.
Primelectric President and CEO Roel Castro welcomed the new executive, citing his deep understanding of the country’s electricity market.
“With over five years of distinguished experience in overseeing the operations of the trading floor for Philippine electricity, Atty. Nethercott brings valuable expertise and leadership to our team,” said Castro.
From IEMOP to Primelectric: A Leader in Energy Governance
Before joining Primelectric, Nethercott led IEMOP, the operator of the Wholesale Electricity Spot Market (WESM) — the country’s electricity trading floor. His leadership helped strengthen transparency, competition, and reliability in the energy market.
He also served as a Board Director of the Philippine Electricity Market Corporation (PEMC) and taught law at several universities, mentoring future legal and policy experts in the field of energy regulation.
Driving Innovation Across Primelectric’s Distribution Utilities
Under Razon’s Primelectric Holdings, Nethercott will oversee operations across several power distribution and retail entities:
- MORE Power (Iloilo)
- Negros Power (Bacolod)
- Bohol Light
- MORE Power Barge
- PrimeRES, the retail aggregation arm
These companies are focused on modernizing power systems, expanding infrastructure, and improving customer service in their respective service areas.
Atty. Nethercott on Joining Primelectric
In his statement, Atty. Nethercott expressed his enthusiasm for joining Primelectric and contributing to its mission.
“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.”
A Strategic Step for Primelectric’s Growth
The addition of Atty. Richard Nethercott to Primelectric’s leadership team strengthens the Group’s expertise in market operations and regulatory compliance. His appointment shows Primelectric’s intent to keep leading innovation in the Philippine power sector.
With the Philippine energy industry rapidly transforming, this partnership sets the stage for new standards in innovation, reliability, and service excellence.
