6 months WESM lacks rules to indict GenCos of ‘collusion’ MB |Biz
By Myrna M. Velasco After 13 years of existence, the country’s Wholesale Electricity Spot Market (WESM) said it does not have technical definition and parameters yet that shall guide them to indict generation companies (GenCos) that are habitually delinquent in the facilities’ operations and in abusing market power in the deregulated power industry. “We don’t have technical definition of anti-competitive behavior and what constitutes it,” said Philippine Electricity Market Corporation (PEMC) Chief Governance Officer Rauf A. Tan when quizzed on the alleged collusion being committed by the GenCos that are having simultaneous forced outages in their power plants and ... more