President Ferdinand "Bongbong" Marcos Jr. expects the launching of the Wholesale Electricity Spot Market in Mindanao to boost investments in the region.
“In the long run, WESM will help in sustaining power generation investments to meet the ever-growing electricity demand,” Marcos said. The PCO said Mindanao has an electrification rate of 87% and "WESM in Mindanao will have a crucial role in the successful operation of the Mindanao-Visayas Interconnection Project as WESM allows efficient transmission and settlement of electricity exchanges."
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