MORE than 4,000 megawatts (MW) of power from conventional and renewable sources will come online this year to boost the country’s power supply and help prevent potential power interruptions during peak demand periods, the Department of Energy (DOE) said.
“Instead, WESM became a venue to maximize power generation income as power plants could declare a sudden malfunction to take their plants off the grid."
THE Energy Regulatory Commission (ERC) has temporarily suspended the operation of the Wholesale Electricity Spot Market (WESM) during red alerts to mitigate the anticipated increase in electricity prices, President Ferdinand Marcos Jr. said Wednesday.
Yellow alert raised over Luzon grid - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
ERC temporarily halts WESM operations to curb power rates manilastandard.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manilastandard.net Daily Mail and Mail on Sunday newspapers.