Sen. Risa Hontiveros urged the Energy Regulatory Commission (ERC) to investigate the Manila Electric Company’s (MERALCO) power rate hike for June, saying it “defies logic” even under the regime of deregulation. Hontiveros
The Wholesale Electricity Spot Market’s (WESM) new trading mechanism will soon allow distribution utilities (DUs) and retail electricity buyers to opt for demand-side bidding at a price they prefer. Julius Bunyi, manager
The Manila Electric Company (MERALCO) has announced a Php0.0798 per kilowatt-hour (kWh) increase in its electric billing for June due to price spikes in the Wholesale Electricity Spot Market (WESM). This translates
Customers of the Manila Electric Company (MERALCO) should expect higher electric bills this June as price surges in the Wholesale Electricity Spot Market (WESM) last May will push up generation charges, the
The Energy Regulatory Commission (ERC) has openly tagged power generation companies (gencos) as the culprits behind last week’s Red Alerts in Luzon with plants went on forced outages beyond the time allowed.
The National Grid Corporation of the Philippines (NGCP) expects Red Alerts to go on in the Luzon Grid until June 7. NGCP spokesperson Atty. Cynthia Alabanza said that Red Alerts are expected
Average electricity prices at the Wholesale Electricity Spot Market (WESM) surged to almost Php8 per kilowatt-hour (kWh) this May due to increased demand as the economy slowly recovers, according to the Independent
The Department of Energy (DOE) has approved the new trading interval at the Wholesale Electricity Spot Market (WESM) of five minutes, shortened from the existing one hour. In an advisory signed by
The Manila Electric Company (MERALCO) is increasing its power rates for May by Php0.1853 per kilowatt-hour (kWh) to Php8.4067/kWh from Php8.592/kWh in April or around by around Php37 for residential customers consuming
The Philippine Electricity Market Corporation (PEMC), regulator of the Wholesale Electricity Spot Market (WESM), seeks the Energy Regulatory Commission’s (ERC) approval of additional spot market transaction fees to be charged to Renewable
