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...
Aboitiz Power Corporation has denied being involved in “economic sabotage” in the wake of the Department of Energy’s warning to generating companies on the possible filing of charges over prolonged power plant...
The peak demand in Luzon and Visayas is expected to breach 12,000 megawatts (MW) in the next three month, according to the Independent Electricity Market Operator of the Philippines (IEMOP). Based on...
The simultaneous bogging down of power plants and reduction of output from the Malampaya gas field have pushed prices in the Wholesale Electricity Spot Market (WESM) to hit record-spikes in recent days...
