The Energy Regulatory Commission ordered the Philippine Electricity Market Corp. to resume the operations of the Wholesale Electricity Spot Market in the Visayas grid, excluding Bohol.
“We have been closely monitoring and assessing the Visayas grid condition and upon assessment of the information gathered from the constant coordination with PEMC-Market Operator and with the National Grid Corporation of the Philippines-Visayas System Operator, the commission views that market operations in the Visayas grid except Bohol are now ready to resume,” said ERC chairperson and chief executive Agnes Devanadera.
ERC suspended the operations of WESM in the Visayas Grid starting Dec. 16 amid the power system disturbance due to the impact of Typhoon Odette, causing the breach of Section 1.B, Article II of the ERC Resolution No. 12, Series of 2018. The WESM is the trading floor of electricity.