ERC Pushes for Longer-Term Power Reserve Deals
The Energy Regulatory Commission (ERC) in the Philippines is advocating for extending ancillary service procurement agreements (ASPAs) for the National Grid Corp. of the Philippines (NGCP) from the current five years to a minimum of ten. This move aims to stabilize electricity prices for consumers and encourage investment by generation companies, addressing concerns over soaring spot prices in the Reserve Market.
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