6 days DoE: WESM operations must remain open Manilatimes |Biz
THE Department of Energy (DoE) has ordered the Wholesale Electricity Spot Market (WESM), the venue for trading electricity as a commodity, to continue its operations to ensure continuous supply of electricity amid the coronavirus disease 2019 pandemic. “The WESM shall continue to operate normally unless there are circumstances that warrant the imposition of market intervention or market suspension,” the memorandum signed by Energy Secretary Alfonso Cusi stated. Trading participants, it said, sought the DoE’s approval to shut down some of their generating units for economic reasons. But the agency said no generation company shall be allowed to close their respective ... more