The Energy Regulatory Commission (ERC) is reviewing the appeal of generation companies (gencos) on the possibility of an increase in the secondary price cap (SPC) of the Wholesale Electricity Spot Market (WESM). ...
The Manila Electric Co. (MERALCO) has announced a Php 0.0106 per kilowatt-hour (kWh) decrease in its February electricity bills, bringing the overall rate down to Php 10.8895/kWh from last month’s Php 10.9001/kWh. ...
The scheduled Malampaya gas repricing of the contracted power capacity being delivered to the Manila Electric Co. (MERALCO) may temper its projected increase in electricity bills for the month of February. In...
After many delays, the Wholesale Electricity Spot Market (WESM) in Mindanao finally commenced commercial operations on Thursday. According to the Independent Electricity Market Operator Philippines (IEMOP), “commercial operations of WESM in Mindanao...
The Aboitiz Power Corporation has confirmed the expiration of its 300-megawatt (MW) emergency power supply agreement (ePSA) with the Manila Electric Co. (MERALCO) on Wednesday, January 25. The PSA, involves 300 MW...
The Manila Electric Co. (MERALCO) has announced a Php0.6232 per kilowatt-hour (kwh) increase in electricity rates for the month of January. This is equivalent to a Php 125 increase in a residential...
The Manila Electric Co. (MERALCO) has signed an emergency power supply agreement (EPSA) with the Aboitiz-led GNPower Dinginin Ltd. to supply 300 megawatts (MW) of baseload capacity. In a statement released on...
The Manila Electric Co. (MERALCO) has issued a notice of claim against San Miguel Corporation’s South Premiere Power Corporation (SPPC) to cover the additional costs incurred as a result of the 60-day...
Manila Electric Co. (MERALCO) has announced a Php 0.3297 per kilowatt-hour (kWh) increase for its December rates, bringing its overall rate to Php 10.2769 per kWh. The increase is equivalent to a...
SMC Global Power Holdings Corporation (SMCGP), the energy arm of San Miguel Corporation, will be terminating its power supply agreement (PSA) with the Manila Electric Co. (MERALCO) covering the 670 megawatt (MW)...
