The Department of Energy (DOE) has finally declared the start of the commercial operations of the wholesale electricity spot market (WESM) in Mindanao more than 5 years after it was launched. Know more:
The Department of Energy has finally declared the start of the commercial operations of the wholesale electricity spot market in Mindanao more than 5 years after it was launched.
The DOE earlier published a draft department circular proposing to declare the commercial operations of the WESM in Mindanao on December 26, 2021. It did not push through, and the launch date was previously moved to June last year, which also did not happen. Through the MVIP, the Mindanao grid will be linked to the Visayas grid via an HVDC system with a 450-megawatt initial capacity.
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