Connect with us

Hi, what are you looking for?

News

WESM suspended due to power oversupply during typhoon

The Energy Regulatory Commission (ERC) suspended the Wholesale Electricity Spot Market (WESM) late Thursday after oversupply conditions on the grid during typhoon Odette (Intenational name: Rai).

The Independent Electricity Market Operator of the Philippines (IEMOP) said in a briefing hosted by the Energy department on Friday, that the suspension was warranted by section 1.B of Article II of ERC Resolution No. 12, series of 2018.

The resolution authorizes the ERC to consider such suspensions during extreme weather disturbances and natural calamities.

“There is no power exchange between Luzon and Visayas through the high-voltage direct current (HVDC) transmission system as of 9:40 PM of Dec. 16. Normally, the Visayas are exporting power to Luzon of up to 420 megawatts (MW),” IEMOP Spokesperson Andrea Mae T. Caguete said during the briefing.

Ms. Caguete added that peak demand recorded at midday Friday was only 395 MW. The typical peak demand level is 1,900 MW.

The administered price will also be in force for suspended intervals, or P5.27 per kilowatt hour (kWh).

The Department of Energy (DoE) has instructed cooperative administrators and grid operators to prioritize electricity restoration in places affected by the typhoon where vaccination is ongoing.

At the briefing, Energy Undersecretary Felix William B. Fuentebella ordered the National Electrification Administration (NEA), the National Grid Corp. of the Philippines (NGCP), and the National Power Corp. (NAPOCOR) to verify which hard-hit areas are conducting vaccinations and restore electricity to those places as soon as possible.

Typhoon Odette first made landfall in Siargao Island, Surigao del Norte, at 1:30 pm Thursday.

It gained strength with sustained winds of 195 kilometers per hour (kph) near the center and gusts of up to 270 kph, at which point it was classified a super typhoon, according to the government weather service, which is known as PAGASA. – Marielle C. Lucenio 

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

Data is becoming the lifeline of businesses today. Organizations are beginning to realize that they have to know how to store and manage data...

News

Five-dollar bills are inspected at the Bureau of Engraving and Printing in Washington, D.C., March 26, 2015. — REUTERS THE PHILIPPINES’ dollar reserves dipped...

News

Families enjoy taking pictures around Luneta Park in Manila, Nov. 28. Economic managers are targeting 6.5-7.5% gross domestic product growth this year, and 6-7%...

News

Students attend a cooking class at the Technical Education, Skills and Development Authority (TESDA) training school in Taguig City, March 23. — PHILIPPINE STAR/...

News

Filipino fans attend K-pop group NCT 127’s concert at the SM Mall of Asia in Pasay City, Sept. 2. Aside from NCT 127, many...

News

SAM WORTHINGTON in Avatar: The Way of Water LONDON — Filmmaker James Cameron is taking audiences back to his visually mesmerizing world of Pandora,...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.