ERC suspends power spot market operations amid energy crisis

MANILA, Philippines — The Energy Regulatory Commission (ERC) has temporarily halted the operations of the power spot market as prices are seen hitting P9 per kilowatt-hour (kwh) amid the Middle East crisis. The operations of the Wholesale Electricity Spot Market (WESM) across the Luzon, Visayas and Mindanao grids are suspended effective March 25 to avoid further price surges. READ: Spot power prices fell in February 2026 WESM is a platform where electricity is traded between producers and distributors to augment the latter’s supply. This came as President Marcos issued an executive order declaring a state of national energy emergency amid […]... Keep on reading: ERC suspends power spot market operations amid energy crisis

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