Power reserve market set to resume this month

“We are hoping for that. The resumption is always tied to the billing cycle, which is the 26th of the month to the 25th of the following month,” ERC chairman and CEO Monalisa Dimalanta told The STAR.MANILA, Philippines — The Energy Regulatory Commission is looking to resume the commercial operations of the reserve market before the end of this month.

The reserve market, integrated into the wholesale electricity spot market, aims to optimize schedules and prices for energy and reserve needs, promoting competition and affordability while ensuring grid security and reliability. “There are still several questions the methodology that the commission needs to resolve. Plus, we are also conducting a public consultation on the offer floor and price cap for the reserve market,” Dimalanta said.

The decision to allow the settlement of 30 percent of the transaction amounts was said to have been made to ensure continuous operations of power generators providing reserves in the system. The Sy family will not cut back on investments and expansion for its shopping center developments amid the online shopping...

The government’s push to install fiber assets across the Philippines will make little to no impact in improving broadband...

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