# Philippines energy regulatory developments > Live situation record from CLSTR: https://clstr.news/situations/philippines-energy-regulatory-developments > Updated: 2026-10-21T07:54:23.000Z. Sources: 4. Developments: 2. The Philippine Energy Regulatory Commission (ERC) has taken steps to address electricity costs and market stability. The ERC suspended the commercial dispatch and settlement of the Reserve Market within the Wholesale Electricity Spot Market (WESM) to mitigate high ancillary service prices. This decision followed reviews showing that Reserve Market costs in the Visayas and Luzon regions significantly exceeded those of contracted Ancillary Service Procurement Agreements (ASPAs). As part of this intervention, the National Grid Corporation of the Philippines (NGCP) must source reserve needs from existing ASPA capacities while proposing a redesigned Reserve Market within six months. In broader regulatory efforts, the ERC has emphasized the need for proactive risk management and transparency among market participants. Initiatives include the rollout of the 2026 Philippine Grid Code to improve grid operations and the use of the Energy Virtual One-Stop Shop (EVOSS) to streamline permit processing. ## Timeline ### 2026-10-21: Philippines ERC outlines regulatory vision at WCO Summit ERC Chairperson Francis Saturnino Juan urged Philippine power firms to proactively manage risks and strengthen reliability through improved infrastructure and the 2026 Philippine Grid Code. 2 sources. https://clstr.news/cluster/philippines-erc-outlines-regulatory-vision-at-wco-summit ### 2026-10-12: Philippines ERC suspends Reserve Market to curb high power costs The Philippine Energy Regulatory Commission has suspended the WESM Reserve Market to curb high ancillary service costs that have driven up electricity rates, especially in the Visayas region. 4 sources. https://clstr.news/cluster/philippines-erc-suspends-reserve-market-to-curb-high-power-costs --- Cite as: Philippines energy regulatory developments. CLSTR, https://clstr.news/situations/philippines-energy-regulatory-developments