THE Energy Regulatory Commission (ERC) has ordered the refund of market fees that were overcollected from Luzon and Visayas trading participants at the Wholesale Electricity Spot Market (WESM), the venue for trading electricity as a commodity.

In a statement, ERC Chairman and Chief Executive Officer Agnes Devanadera said the refund of the market transaction fee shall be implemented over 12 months beginning in the next billing month upon the receipt of the order.