THE Energy Regulatory Commission has ordered the refund of market fees that were overcollected from Luzon and Visayas trading participants at the Wholesale Electricity Spot Market , the venue for trading electricity as a commodity.
The amount covers the following funding requirements of PEMC: personnel services, maintenance and other operating expenses, capital expenditures and provision for the Department of Energy /ERC monitoring facilities. In its 78-page order dated May 20, 2020, the ERC has established that PEMC is a government-owned and controlled corporation , within a purview of Section 16, Article XII of the 1987 Constitution.
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