(Provision on Additional Compensation Formula During Market Intervention/Suspension)

WHEREAS, Section 30 and 37(f) of Republic Act No. 9136 or the Electric Power Industry Reform Act of 2001 (EPIRA) provide that the Department of Energy (DOE), jointly with the electric power industry participants, shall establish the Wholesale Electricity Spot Market (WESM) and formulate the detailed rules governing the operations thereof;