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