ERC raises secondary price cap in power spot market 

The Energy Regulatory Commission (ERC) has approved revised rules that raise the secondary price cap (SPC) in the Wholesale Electricity Spot Market (WESM). Under the new framework, the SPC was increased by 19 percent to P7.423 per kilowatt-hour (kWh) from the previous P6.245 per kWh. The cap will now be activated only when the three-day