The Energy Regulatory Commission on Tuesday lifted a suspension on the billing and settlement of the price determination methodology in the Wholesale Electricity Spot Market .
The ERC, in a July 26 resolution, said it determined that the grounds for the suspension no longer exist after the Philippine Electricity Market Corp. and Independent Electricity Market Operator of the Philippines complied with the agency’s directives on the proposed amended PDM. The ERC imposed the suspension on March 26, affecting all reserve market capacities except those covered by the ancillary services purchase agreement and included in commission rulings. The agency cited pending compliance issues as the reason for the suspension.
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