Stay informed of the latest happenings and headlines in the Philippine Power Industry with Mabuhay Energy’s Weekly News Spotlight! This week, we're featuring key articles from the Power Industry’s Regulatory sector that are shaping the energy landscape: Spotlight: ERC temporarily halts WESM operations to curb power rates The Energy Regulatory Commission (ERC) has ordered the suspension of the Wholesale Electricity Spot Market (WESM) in Luzon and Visayas under certain conditions to mitigate the anticipated increase in prices in the spot market. Under Section 30 of Republic Act No. 9136, otherwise known as “Electric Power Industry Reform Act of 2001” (EPIRA), the ERC can suspend the operation of the WESM or declare a temporary WESM failure in cases of national and international security emergencies or natural calamities. READ MORE: https://manilastandard.net/news/314441819/erc-temporarily-halts-wesm-operations-to-curb-power-rates.html Gencos urged: Use anti-bill shock loan The Department of Energy (DOE) and the Energy Regulatory Commission (ERC) urged electricity distribution utilities (DUs) to tap the ANTI BILL SHOCK Lending Program of the Land Bank of the Philippines to make electricity rates affordable for consumers. Eligible power distributors may loan up to 80% of the incremental increase on their power generation and transmission charges, but not to exceed the repayment capacity of the DUs or three times the average billings of its power suppliers. READ MORE: https://manilastandard.net/news/314442980/gencos-urged-use-anti-bill-shock-loan.html Image sources: BusinessWorld Online, Manila Standard Do you want to stay abreast of the headlines in the Philippine Power Industry? Subscribe to our weekly newsletter today! Talk to our energy professionals by sending an email to info@mabuhayenergy.com. Mabuhay Energy, Your Partner For Growth. Our roster of enthusiastic and experienced energy professionals is ready to make your electricity savings a reality! Visit mabuhayenergy.com or email us at sales@mabuhayenergy.com to begin your energy savings journey! 🔌