IKOT.PH
The Energy Regulatory Commission (ERC), represented by Chairperson and CEO Atty. Francis Saturnino Juan, underscored the importance of regulatory compliance, transparency, and accountability in strengthening the resilience of the Philippine electricity market during the WESM Compliance Officers (WCO) Summit 2026. Delivering his keynote address titled “Regulatory Compliance and Market Resilience: Preparing for the Future of […]
The Energy Regulatory Commission (ERC) issued Resolution No. 33, Series of 2026, introducing a one-time settlement adjustment to address unusually high line rental charges incurred in the Wholesale Electricity Spot Market (WESM) from March 26 to April 30, 2026, to ensure fairer electricity market settlements and protect consumers from unwarranted costs. The Resolution addresses charges […]
The Energy Regulatory Commission (ERC), led by Chairperson and CEO Atty. Francis Saturnino Juan, called for structural and operational reforms in the Wholesale Electricity Spot Market (WESM) to strengthen market flexibility and support the country’s transition toward a more resilient and inclusive energy future during the Electricity Market Exchanges (EMX) 2026 at the Solaire Resort […]
The Energy Regulatory Commission (ERC) recognized the Wholesale Electricity Spot Market’s (WESM) 20 years of commercial operations and affirmed its vital role in advancing a competitive, transparent, and reliable power market in the country. Over the past two decades, WESM has served as the country’s primary venue for electricity trading—promoting price transparency, enhancing competition, and […]
The Energy Regulatory Commission (ERC) has ordered the resumption of the operations of the Wholesale Electricity Spot Market (WESM) in the Luzon, Visayas, and Mindanao grids effective May 1, 2026. The WESM is the electricity trading market where power generators sell electricity and distribution utilities, electric cooperatives, and suppliers buy power when needed. Prices in […]
The Energy Regulatory Commission (ERC) held a consultative meeting with the Philippine Independent Power Producers Association (PIPPA) to discuss ERC’s proposed way forward, particularly the lifting of the Wholesale Electricity Spot Market (WESM) suspension and supported the publication of the Draft Resolution on the Modified Administered Price under ERC Case No. 2026-006 RM as a […]
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 […]