LAOAG City, Ilocos Norte: Two more power generators were slapped fines for violating the Wholesale Electricity Spot Market (WESM) rules on trading electricity supply late in 2013.
The Philippine Electricity Market (PEM) Board cited state-run Power Sector Assets and Liabilities Management (PSALM) Corp. and PANASIA Energy, Inc. with undisclosed financial penalties for violating WESM’s “Must Run” and “Must-Offer” rules.
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