ERC orders refund of market fees – The Manila Times

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THE Energy Regulatory Commission (ERC) has ordered the refund of market fees that were overcollected from Luzon and Visayas trading participants at the Wholesale Electricity Spot Market (WESM), the venue for trading electricity as a commodity. In a ...

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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