‘Step up probe into WESM rule violations’

The Department of Energy (DOE) has directed the Philippine Electricity Market Corp. (PEMC) to speed up its investigation into the alleged violations of the “must-offer” rule of the Wholesale Electricity Spot Market (WESM).Apart from the PSALM, Therma Mobile Inc. (TMO), a subsidiary of Aboitiz Power Corp. was also fined P234.9 million for a similar offense covering the period of October to December 2013.