ERC orders resumption of market-driven power rates in Philippines

The Philippine Energy Regulatory Commission (ERC) has ordered the resumption of market-driven power rates through the Wholesale Electricity Spot Market (WESM), stating that prolonging a temporary pricing mechanism could lead to unintended charges.

1 May, 06:34 — 1 May, 06:34

Post Share

Sources

Showing 1 of 1 sources

RapplerMostly Factual2h ago

ERC orders resumption of market-driven power rates through WESM

'We observed that although the temporary pricing mechanism was effective in addressing the emergency, prolonging its use could lead to unintended charges in market settlements,' says ERC Chairman Saturnino Juan

By Tatiana Maligro

Read full article →

PERSPECTA

PERSPECTA

ERC orders resumption of market-driven power rates in Philippines

Sources

ERC orders resumption of market-driven power rates through WESM

Related Stories

Amazon's First Sale Receipt Goes Viral, Drawing Reactions from Bezos and Musk

AI-powered Investment Scams Target Filipinos

LTO Clarifies No Blanket Ban on E-Bikes and E-Trikes in Philippines

Space-Brewed Sake Sells for Nearly 600,000 Euros

PERSPECTA