Marcos: ERC suspends WESM operations on red alerts

By Catherine S. Valente

May 01, 2024 2:44 pm

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).

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Vice President Duterte attends House hearing on Manila lawmaker's speech

Tropical Storm 'Helen' enters but won't affect PH, monsoon rains will — Pagasa

'Ex-PNP chief was on Guo's payroll'

PNP ramps up manhunt for Quiboloy coddlers, Roque

Drug-resistant superbugs projected to kill 39M by 2050, researchers say

SM, PCC team up on fair trade

Ignacio captures Japan Open 10-Ball crown