00:00The Energy Regulatory Commission has ordered the temporary suspension of the wholesale electricity spot market across Luzon, Visayas and Mindanao
00:09grids.
00:10The move, in line with Executive Order No. 110, aims to protect the country against energy supply disruptions caused by
00:18Middle East tensions.
00:19A modified administered pricing mechanism will be implemented to prevent sudden spikes in electricity rates.
00:27Government agencies will follow Department of Energy guidelines to ensure stable service and safeguard consumers from sharp price increases.
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