WESM operator seeks higher market fees
Philippine Electricity Market Corp. (PEMC) is asking the Energy Regulatory Commission (ERC) to approve its 2018 market fees amounting to a total of P882.21 million.
PEMC, the operator of the wholesale electricity spot market, said this is equivalent to a market fee rate of 1.04 centavos per kilowatt-hour (kwh).
In its application, PEMC said the increase in market fees will cover personal services, which pertain to the salaries and benefits of its 160 employees in Luzon and Visayas; maintenance and other operating expenses; and capital expenditures, which consist of enhancements and upgrades to the market management system and corporate infrastructure, and the cost of lease improvements.
PEMC said the proposal also covers the cost of the preparations and initial operations of the WESM in Mindanao next year.