Distribution utilities may pay WESM in installments—ERC purchases

The Energy Regulatory Commission ruled that distribution utilities can pay their Wholesale Electricity Spot Market purchases in installments to mitigate the impact of higher generation rates.

Simply put, IEMOP would have to reflect the four-month deferred scheme which will then be the DUs’ basis for billing their customers. DUs, however, should wait for the final WESM bill. In addition, under the Article 32 of the Magna Carta for Residential Electricity Consumers , DUs can offer alternative payment options to consumers under terms mutually acceptable to both parties. Consumers, who have the right to be informed of these options and other matters affecting their electric service, should contact their respective DUs for information on the available alternative payment options or to request for special payment terms to settle their unpaid bills.

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ERC asks Luzon, Visayas DUs to wait for WESM billingThrough an order dated June 10, 2024, the ERC directed all DU in the Luzon and Visayas grids to delay charging their consumers the generation charge based on WESM's preliminary statement (PS) and wait until the final statement (FS) is released by the Independent Electricity Market Operator of the Philippines (IEMOP) to all market participants.
Source: TheManilaTimes - 🏆 2. / 92 Read more »