Adopting Further Amendments to the Wholesale Electricity Spot Market (WESM) Market Manuals on Price Determination Methodology and Constraint Violation Coefficients and Pricing Re-Run for the Implementation of Enhancements to WESM Design and Operations
WHEREAS, Sections 30 and 37(f) of the Electric Power Industry Reform Act (EPIRA) provides that the DOE, jointly with the electric power industry participants, shall establish the Wholesale Electricity Spot Market (WESM) and formulate the detailed rules governing the operations thereof;
WHEREAS, on 28 June 2002, the DOE, with the endorsement of the electric power industry participants, promulgated the WESM Rules through Department Circular No. DC2002-06-003;
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Published at:
The Manila Times and Business World
Date Published (mm/dd/yyyy):
05/18/2018