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The Energy Regulatory Commission (ERC) has ordered the suspension of the operations of the Wholesale Electricity Spot Market (WESM) across the Luzon, Visayas, and Mindanao grids effective March 26, 2026, as part of urgent government measures to address energy supply risks and price volatility arising from the ongoing geopolitical conflict in the Middle East.The suspension […]
The Energy Regulatory Commission (ERC) has approved revised rules increasing the secondary price cap (SPC) in the Wholesale Electricity Spot Market (WESM), a move aimed at curbing sustained electricity price spikes while maintaining investment signals for power generators. The adjustment ensures stable electricity prices and reliable power supply for consumers while allowing generators to operate […]