President Marcos said that the Energy Regulatory Commission (ERC) has temporarily suspended the operation of the Wholesale Electricity Spot Market (WESM) under the declaration of red alert of the systems operator National Grid Corporation of the Philippines (NGCP) to tame the increase of electricity rates amid the ongoing El Niño phenomenon.
READ: https://mb.com.ph/2024/5/2/erc-temporarily-suspends-wesm-to-stop-power-rates-surge-amid-el-nino
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