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
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
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
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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