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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) 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 […]