THE ENERGY Regulatory Commission (ERC) on Tuesday ordered the suspension of trading in the Wholesale Electricity Spot Market (WESM) during red alerts to prevent a spike in electricity prices.
“Due to the extreme heat, electricity consumption has risen, adding to the price hike. (On Tuesday) the ERC acted to temporarily suspend the operation of the WESM when the system operator or NGCP (National Grid Corp. of the Philippines) declares a red alert,” President Ferdinand R. Marcos, Jr. said in Filipino during a speech at a Labor Day event on Wednesday.
In an order dated April 30, the ERC said WESM trading will be suspended for the Luzon and/or Visayas grid during red alerts based on notices issued by the system operator or NGCP.
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