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...
The average price in the Wholesale Electricity Spot Market (WESM) hit Php4.23 per kilowatt hour (kWh) this month, nearly twice the previous month’s, as both power demand and generator outages increased, according...
Demand for electricity is projected to spike once again this summer, though still lower than pre-pandemic levels, according to the Independent Electricity Market Operator of the Philippines (IEMOP). Based on IEMOP’s forecast, peak...
The lowering of the threshold under the Retail Competition and Open Access (RCOA) policy has attracted at least 13 new contestable customers, most of them buildings and water pumping stations in Metro...
The Wholesale Electricity Spot Market (WESM) is set to launch in Mindanao on June 26, according to the Independent Electricity Market Operator of the Philippines (IEMOP), which operates the spot market. IEMOP said...
The Energy Regulatory Commission (ERC) has approved the new price determination methodology (PDM) for the Wholesale Electricity Spot Market (WESM), which will help expedite the spot market’s opening in Mindanao. “The new...
AC Energy has won multiple awards for exemplary compliance of its renewable energy (RE) projects at the recently concluded Wholesale Electricity Spot Market (WESM) Compliance Officers (WCO) Summit 2020. Negros Oriental-based Monte...
The Philippines remains largely dependent on coal for its electricity requirements, with fossil fuels powering half of the country’s output even during the COVID-19 pandemic, based on data from the Wholesale Electricity...
The operator of the Wholesale Electricity Spot Market (WESM) is currently doing research to develop detailed proposals for lower threshold implementation of the Retail Competition and Open Access (RCOA). The Independent Electricity...
The operations of the Wholesale Electricity Spot Market (WESM) in the Mindanao Grid will be delayed to the middle of next year, according to the Independent Electricity Market Operator of the Philippines...
