IEMOP: WESM delinquencies not passed to consumers

The Independent Electricity Market Operator of the Philippines (IEMOP) said that consumers do not bear the cost of delinquencies by non-compliant participants in the Wholesale Electricity Spot Market (WESM).

- By GABRIELL CHRISTEL GALANG

In a statement on Tuesday, July 15, IEMOP said that WESM participants are required to settle their financial obligations, and these costs will not be shouldered by consumers.

"Any amount unpaid by defaulting WESM customers is not passed on to consumers, nor are delinquencies subsidized by consumers," IEMOP stated.

"These remain as receivables of the generation companies and other sellers in the WESM."