ERC Suspends Electricity Trading as Prices Set to Surge - BusinessWorld Online

ERC suspends electricity trading as prices set to surge - BusinessWorld Online

By Sheldeen Joy Talavera, Reporter THE ENERGY Regulatory Commission (ERC) has temporarily halted the trading in the country’s electricity spot market to curb the impact of rising prices, which is seen hitting P9 per kilowatt-hour (kWh) amid the ongoing energy crisis. In a statement on Thursday, the ERC ordered the suspension of the operations of the Wholesale Electricity Spot Market (WESM) across Luzon, Visayas, and Mindanao grids starting on Th…

ERC SUSPENDS WESM OPERATIONS AMID MIDEAST CRISIS

The Energy Regulatory Commission (ERC) has ordered the suspension of the operations of the Wholesale Electricity Spot Market (WESM) across the Luzon, Visayas, and Mindanao grids effective March 26, 2026, as part of urgent government measures to address energy supply risks and price volatility arising from the ongoing geopolitical conflict in the Middle East.The suspension was issued pursuant to Executive Order No. 110, Series of 2026, which decl…

ERC Suspends WESM Operations Nationwide Amid Global Energy Crisis

The Energy Regulatory Commission has suspended the Wholesale Electricity Spot Market in the Philippines from 26 March 2026 due to energy supply risks linked to geopolitical tensions. This action follows a national energy emergency declaration and aims to stabilize electricity supply while protecting consumers from price volatility. A new pricing mechanism is also under development. The post ERC Suspends WESM Operations Nationwide Amid Global Ene…