ERC halts WESM operations after NGCP issues red alerts

The Energy Regulatory Commission suspended the operations of the Wholesale Electricity Spot Market starting at trading intervals 1:05 PM in the Luzon Grid and 2:05 PM in the Visayas Grid with the imposition of the red alert status by the National Grid Corp. of the Philippines .

“The conditions set out in our Order dated 30 April 2024 have been met. The suspension follows the issuance by the System Operator of Red Alert notice for Luzon and Visayas, noting the generation deficiency in said grids,” ERC chairperson Monalisa Dimalanta said. Meanwhile, the Department of Energy is closely monitoring and coordinating with the NGCP, generation companies, and distribution utilities to ensure the availability of power supply in meeting the demand in view of the declaration of red and yellow alert status in both grids today.

The DOE also said the tight power supply conditions have persisted due to the sustained high peak demands in both the Luzon and Visayas grids. “With the PAGASA projection of the heat index remaining elevated in select areas, the peak demand will likely remain above forecasted levels throughout the remainder of May,” the agency said.

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