WESM to suspend operations during red alerts as power rates soar amid heat

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The ERC also ruled that the WESM suspension should be lifted only if the regional available capacity, less actual regional demand, reaches above zero for 24 consecutive hours.WESM is a platform where electricity is traded among market participants in a competitive and transparent manner. It serves as a marketplace where generators and retailers buy and sell electricity in real-time or through future contracts.

In times of high demand, electricity generators may struggle to meet the increased load. As a result, the available supply becomes limited relative to demand. High prices in the spot market can have implications for consumers, particularly those on variable pricing contracts or those exposed to wholesale market rates. Electricity retailers may pass on the higher costs to consumers through increased retail electricity prices, leading to higher bills for end-users.The ERC has the power to suspend WESM operations or declare a temporary failure in cases of national security emergencies or natural calamities.

Source: Energy Industry News (energyindustrynews.net)

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