Palace welcomes ERC decision to void WESM prices in Malampaya shutdown | Inquirer Business

Palace welcomes ERC decision to void WESM prices in Malampaya shutdown

/ 02:13 PM March 11, 2014

Malampaya natural gas plant. https://malampaya.com/

MANILA, Philippines – Malacañang on Tuesday welcomed the Energy Regulatory Commission’s (ERC) recent decision to void the Wholesale Electricity Spot Market prices during the Malampaya shutdown.

“Pinapakita ng ERC na ginagamapanan nila ang kanilang tungkulin at patuloy nilang gagampanan ito,” Communications Secretary Herminio Coloma said in a press briefing.

Article continues after this advertisement

(ERC shows that it is performing its mandate and will continue to do so.)

FEATURED STORIES

Coloma cited the ERC decision that said WESM prices from Oct. 26, 2013 to Dec. 25, 2013 “could not qualify as reasonable, rational, and competitive.”

“We affirm government’s commitment to protect the citizens’ welfare by ensuring stable and reasonable electricity prices,” he said, after he pointed out that the government is using its police power to stop the imposition of “very high prices.”

Article continues after this advertisement

RELATED STORIES

Article continues after this advertisement

ERC to ask WESM to recompute December, January generation charges

Steep price spike on WESM questioned

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: energy regulatory commission, ERC, Malampaya, Malampaya shutdown, Wesm, Wholesale Electricity Spot Market

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.