THE Manila Electric Co. (Meralco) has asked the Energy Regulatory Commission (ERC) to direct Philippine Electricity Market Corp. (PEMC), operator of the Wholesale Electricity Spot Market (WESM), to recalculate spot market transactions to determine the true cost of electricity when the Malampaya plant and other power producers shut down.
The utility firm said violations of WESM rules triggered the price spike at the electricity trading market.
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