ERC lifts order suspending reserve market

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 55%

United States News News

United States United States Latest News,United States United States Headlines

Defining the News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in US

United States United States Latest News, United States United States Headlines