MANILA, Philippines: President Ferdinand Marcos Jr. on Wednesday said the Energy Regulatory Commission (ERC) temporarily suspended the operation of the Wholesale Electricity Spot Market (WESM) during red alerts to mitigate the anticipated increase in electricity prices.
In his speech during a Labor Day event in Malacañang, Marcos said the ERC declared the suspension of WESM operations based on notices issued by the system operator National Grid Corporation of the Philippines (NGCP).
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