THE Energy Regulatory Commission has lifted the suspension of reserve market settlement transactions, paving the way for the resumption of full trading at the Wholesale Electricity Spot Market .The regulator had ordered a halt to trading in March after reserve power costs for the month surged pending the resolution of proposed changes to the WESM's price determination methodology .
The suspension applied to all reserve market capacities except those offered and dispatched pursuant to ancillary services purchase agreements covered by ERC rulings.It was partially lifted in May with the ERC allowing the settlement of 30 percent of the amounts for payment to allow power generation companies to recover some of their costs.
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