Philippines Marks 20 Years Of WESM, Strengthening Competitive And Reliable Electricity Market

The Energy Regulatory Commission (ERC) has recognized the 20th anniversary of the Wholesale Electricity Spot Market (WESM), highlighting its important role in building a more competitive, transparent, and reliable electricity market in the Philippines. Since beginning commercial operations in 2006, WESM has become the country’s main platform for electricity trading, helping improve price transparency, encourage…