Power reserve market nears full operations

The country's much-awaited reserve market is now one step closer to commencing full commercial operations, according to the Department of Energy (DOE).

- RICHMOND MERCURIO

In an advisory, Energy Secretary Raphael Lotilla said final preparations for the commercial operations of the reserve market have been substantially completed to date.

However, he said that the WESM Governance Arm has not yet issued the required certification, pending the software certification from an independent auditor.

Lotilla said the Energy Regulatory Commission is still reviewing the simulations on additional constraints duly submitted by the Independent Electricity Market Operator of the Philippines (IEMOP) for the approval of the price determination methodology.