ERC to suspend WESM ops during red alerts to control power rates – Marcos

MANILA, Philippines — The Energy Regulatory Commission (ERC) will temporarily suspend the Wholesale Electricity Spot Market (WESM) operations during red alerts to control power rates, said President Ferdinand Marcos Jr. on Wednesday. Governed by the Philippine Electricity Market Corporation, the WESM is a trading market for electricity in the Philippines. Prices in the WESM are
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