Mindanao electric consumers may enjoy competitive electricity rates with the implementation of Wholesale Electricity Spot Market (WESM) as stipulated in Republic Act 9136, otherwise known as Electric Power Reform Act (EPIRA) of 2001.
This was what Zacharry C. Gutierrez, WESM trainer, told the media practitioners attending the WESM 101 orientation at Limketkai Luxe Hotel, Cagagyan de Oro City this week.
WESM, Gutierrez said, is a venue for trading electricity as a commodity. In other words, it is where the generators sell their excess capacities.
When asked if WESM is the solution to rotating brownouts that plagued Mindanao Island a few years ago, Mindanao System Operations head Ambrocio Rosales of the National Grid Corporation of the Philippines (NGCP) said electricity supply in Mindanao is now stable. He also disclosed that more power plants would soon operate in the area.
Rosales believed that with WESM the power supply in Mindanao would become stable and that the rates are competitive.
Some 30 media practitioners who are members of the Iligan City Energy Press Corp and Cagayan de Oro Energy Press Corp turned up in said gathering. (FPG/PIA)