Visayas electricity spot market runs smoothly

The Visayas wholesale electricity spot market is running smoothly after starting commercial operations last Decemeber 26.

Philippine Electricity Market Corp. president Melinda Ocampo said they will meet with market participants “to clarify and answer questions regarding issues they encountered during the first few days of commercial operations.”

She said prices of electricity traded at the Visayas WESM are now based on market forces.

WESM Visayas has been integrated to the Luzon grid since Dec. 26, making available excess capacities in Luzon to Visayas, and vice versa.

Ocampo said there are power suppliers in the Visayas who have no contracts and at the “WESM, we will be able to account for them.”