Meralco Blues Starts not From Meralco People! We ought to Have a WESM watch! (WHAT THE HECK IS THAT?)
You know what I hear complains about their electric bill and all that, I was thinking to myself yeah not fair and it's ginormous increases until... I got My Meralco BILL And it was too darn huge. Double of what I used to pay for. As I recieved the bill it had two pages in it with an explanation of why the increase my friends. Pointing out that " the Major factor that caused the sharp rise in electricity was because of the increase in the price of WESM, a venue for trading electricity as a commodity in the spot market." WESM? TRADING ELECTRICITY? SPOT MARKET? We got to know what this is people it's costing us our hard earned money. WESM according to their website is " Wholesale Electricity Spot Market. It is a venue where electricity made by power-producing companies are centrally coordinated and traded like any other commodity in a market of goods in a level playing field and prices are driven by the law of supply and demand to buyers with the objective of ...