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
August 12 –
International Youth Day
“Empowering youth,
building generations!”
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!
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August –
Aug 1-7 World breastfeeding week
Aug 9 – International Day of the World’s Indigenous Peoples
Aug 12 – International youth day
Aug 19 – World humanitarian day
Aug 23 – International Day for the Remembrance of the Slave Trade and Its Abolition
Monthly Observances:
Farms Safety Month
Breastfeeding Awareness Month
Weekly Observances:
Aug 17-23: Made in the Philippines
Product Week
Aug 29-Sept 5: Rice and Corn Week
Daily Observances:
Aug 1: Family Planning Day
Aug 9: National Indigenous Peoples Day
Aug 12: International Humanitarian Law Day
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