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Energy and economic development - BusinessWorld

Energy and economic development - BusinessWorld
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

DoE targets June launch for new WESM setup

BusinessWorld May 23, 2021 | 6:23 pm THE Department of Energy (DoE) hopes to launch by June 26 various rule changes to the wholesale electricity spot market (WESM), which will reduce the time between scheduling and dispatch of power, among others, according to an advisory posted last week on the department’s website. According to the advisory, before receiving DoE clearance to launch the enhanced WESM design and operations (EWDO), the Philippine Electricity Market Corp. (PEMC) must attest to the market readiness of the three major island groups, the DoE said. Other proposed changes to WESM operations include automatic pricing corrections and one-part settlements of energy trading amounts, the Independent Electricity Market Operator of the Philippines (IEMOP) said in January.

NGCP holds consultations on transmission plan

February 26, 2021 | 8:34 pm Font Size CRECENCIO I. CRUZ The National Grid Corp. of the Philippines (NGCP) on Friday said that it has been consulting agencies and stakeholders in the past two months about the country’s updated transmission development plan. In a statement, the agency said the latest version of the plan would cover 2021 to 2040 and would take into account the needs of the power grid. The plan is updated yearly. The National Grid had presented the road map for expansion and improvement of the grid in the coming years to the Department of Energy, National Transmission Corp., Philippine Electricity Market Corp. and Independent Electricity Market Operator of the Philippines.

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