Tag: erc
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ERC Sets P25/kWh Price Cap for Backup Power in Reserve Market
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MANILA, Philippines — The Energy Regulatory Commission (ERC) has introduced a price cap of P25 per kilowatt-hour (kWh) for backup power offered to the National Grid Corp. of the Philippines. During a recent meeting, the ERC decided to set a minimum offer price of zero per megawatt-hour and a maximum…
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ERC to suspend WESM trading when Luzon and Visayas are under red alert
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THE ENERGY Regulatory Commission (ERC) on Tuesday ordered the suspension of trading in the Wholesale Electricity Spot Market (WESM) during red alerts to prevent a spike in electricity prices. “Due to the extreme heat, electricity consumption has risen, adding to the price hike. (On Tuesday) the ERC acted to temporarily…
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ERC urged to hike reserve power capacity
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THE ENERGY REGULATORY Commission (ERC) should raise the required reserve power capacity of the grid to prevent more outages in the future, an energy think tank said. “Having an increased reserve power capacity in the grid can mitigate strains and potential power outages by ensuring a greater backup power supply…