The Energy Regulatory Commission plans to resume the commercial operations of the reserve market in July 2024 as electricity prices are expected to soften amid cooler temperatures during the rainy season.
The reserve market, now integrated into the Wholesale Electricity Spot Market , the trading floor of electricity, was launched to optimize schedules and prices for energy and reserve requirements, fostering competition and affordability while ensuring grid security and reliability. “So, hopefully we will have some breathing space for the rates, unlike what happened during the summer months,” she said.
“That’s not a given—the whole remaining amount will be paid. So, that’s part of what we need to deliberate,” Dimalanta said.
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