ERC suspends reserves market billing, settlement

THE Energy Regulatory Commission (ERC) said on Wednesday it temporarily halted the billing and the settlement of amounts in the ancillary or reserves market.

In an order dated March 26, 2024, the ERC directed the Philippine Electricity Market Corp. (PEMC) and the Independent Electricity Market Operator of the Philippines Inc. (Iemop) to suspend the implementation of Section 8 on the Billing and Settlement of the Price Determination Methodology (PDM) of the co-optimized energy and reserve market in the Wholesale Electricity Spot Market.