WESM price cap review begins

Indonesia Berita Berita

WESM price cap review begins
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The Energy Regulatory Commission has begun its review of the secondary price cap at the spot electricity market, citing the need for “balancing act” to attract more investors while protecting consumers. | MegINQ /PDI

In a statement following a meeting with the Private Sector Advisory Council, the regulator admitted that based on initial analysis, the price cap “distorted” price signals coming from the Wholesale Electricity Spot Market , dampening investors’ interests

in the Philippine power generation sector.“We need to ensure that the regulatory framework incentivizes investors to pour in more capital by building additional power plants to bolster the country’s supply requirements,” ERC chair Monalisa Dimalanta said.

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