A NEW OFFER CAP for the power traded at the Wholesale Electricity Spot Market (WESM) is expected to be adopted within the year, the Energy chief said during the weekend.
The WESM Tripartite Committee — composed of the Energy department, Philippine Electricity Market Corp. (PEMC) and the Energy Regulatory Commission (ERC) — will decide on the new price ceiling that will replace the P32 per kilowatt-hour (kWh) currently being implemented.
“The new cap should be out before the end of the year,” Energy Secretary Carlos Jericho L. Petilla said in an interview.
A public consultation will be held on June 16. Interested parties have until May 30 to submit their proposals.
The current P32/kWh limit is an interim cap that has been in effect since December. It is a little over half of the P62/kWh originally set when the market started operations in 2006.
High WESM prices have been blamed for a planned P4.15/kWh Manila Electric Co. rate hike that is currently being reviewed by the Supreme Court. — Claire-Ann Marie C. Feliciano, Businessworld
20 February –
WORLD DAY OF SOCIAL JUSTICE
“Every day, give everyone their due.
Every day should be Social Justice Day!
The only way”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
February Observances
1-7 Feb: World Interfaith Harmony Week
01 Feb: World Wetlands Day
02 Feb: International Day of Human Fraternity
04 Feb: International Day of Zero Tolerance
for Female Genital Mutilation
11 Feb: International Day of Women and Girls
in Science
20 Feb: World Day of Social Justice
Monthly Observances:
National Health Insurance Month
Weekly Observances:
Week 1: National Awareness Week
for the Prevention of Child Sexual Abuse
and Exploitation
Week 3: Public Administration Week
Daily Observances:
Feb 1 Constitution Day
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