ERC approves amended price scheme for reserve market

Electricity Market Operator of the Philippines Inc. for amendment to the price determination methodology at the electricity market.

“The granting of IR [interim relief] on the proposed amendments to the WESM Manual on the PDM paves the way for the full implementation of a co-optimized energy and reserves market in the WESM on 26 September 2023. This is consistent with the Department of Energy’s [DOE] pronouncement on the target commercial operation of the reserve market [RM],” the ERC said.

“The granting of IR [interim relief] on the proposed amendments to the WESM Manual on the PDM paves the way for the full implementation of a co-optimized energy and reserves market in the WESM on 26 September 2023. This is consistent with the Department of Energy’s pronouncement on the target commercial operation of the Reserve Market,” the ERC said.

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