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Business > Top Business
Regulator lifts suspension of reserve market settlement
By The Manila Times
Jul 31, 2024 12:33 am

THE Energy Regulatory Commission (ERC) has lifted the suspension of reserve market settlement transactions, paving the way for the resumption of full trading at the Wholesale Electricity Spot Market (WESM).

The regulator had ordered a halt to trading in March after reserve power costs for the month surged pending the resolution of proposed changes to the WESM's price determination methodology (PDM).

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