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Zarate to Cusi: Focus on lowering MERALCO, fuel prices

Zarate to Cusi: Focus on lowering MERALCO, fuel prices
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Cusi to Pacquiao: Prove allegations or shut up

By HANA BORDEY, GMA News Published July 13, 2021 10:03am Updated July 13, 2021 10:08am Energy Secretary and PDP-Laban vice chairman Alfonso Cusi on Tuesday told Senator Manny Pacquiao, who sits as the party president, to shut up if he cannot prove the alleged corruption in the government. “Senator Pacquiao has thrown accusations against us and that is really regrettable because as a senator he should be responsible in his action. He should prove it. We are ready.  You cannot just accuse the president and saying where’s the P10 billion. You prove it, if you cannot prove it you better shut up,” Cusi said in an ANC interview.

WESM eases prudential guarantee, dispatch requirements for Mindanao grid

Published July 12, 2021, 2:00 PM The operator of the Wholesale Electricity Spot Market (WESM) is temporarily enforcing ‘relaxed rules’ – for at least three months, on the prudential requirement (PR) as well as dispatch conformance of trading participants in the Mindanao spot market. According to Robinson Descanzo, chief operating officer of the Independent Electricity Market Operator of the Philippines (IEMOP), “for the initial operation of WESM (in Mindanao), we relaxed the compliance on dispatch and prudential guarantee.” The commercially binding price settlements for WESM-Mindanao will start October 26 this year, hence, the easing of the rules are anticipated to stay within July to September.

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