Tag: ##ERC #WESM #RATESPIKES #COLLUSION #MARKETGAINERS #FORCEDOUTAGES #LUZONGRID

  • 16445
    Business

    ERC probe to zero in on ‘profit-takers’ during WESM price spikes

    The Energy Regulatory Commission (ERC) has stipulated that it will zero in investigations on generation companies (GenCos) that may have raked in “financial gains” from the series of price spikes in the Wholesale Electricity Spot Market (WESM) when Luzon grid supply had been extremely strained last month.