Aboitiz Power Corp. and its partners have earmarked Php 78.1 billion in capital expenditures for 2025, with 66% dedicated to renewable energy projects. The investment aligns with the company’s goal of expanding...
System average prices at the Wholesale Electricity Spot Market (WESM) declined by 7.8% in February, settling at P2.73 per kilowatt-hour (kWh), the lowest level since January 2023, according to the Independent Electricity...
Electricity rates are set to increase this February, with Manila Electric Company (Meralco) announcing an upward adjustment of P0.2834 per kilowatt-hour (kWh). This brings the total residential rate to P12.0262 per kWh,...
In a welcomed relief for consumers, the Manila Electric Company (Meralco) has lowered electricity rates this January by P0.2189 per kilowatt-hour (kWh). This means that typical households will now pay P11.7428 from...
Electricity rates will increase starting January 2025 after the Energy Regulatory Commission (ERC) approves the collection of Php 3.05 billion from households. Philippine Star reported that, in Luzon and Mindanao, consumers will...
Wholesale Electricity Spot Market (WESM) prices increased slightly in November as tighter supply-demand margins drove rates higher, the Independent Electricity Market Operator of the Philippines (IEMOP) said. In a report by Business...
The Office of the Ombudsman has issued a six-month preventive suspension order against Energy Regulatory Commission (ERC) Chairperson Monalisa Dimalanta for allowing Manila Electric Company (MERALCO) to buy electricity from the Wholesale...
Independent Electricity Market Operator of the Philippines (IEMOP) says that electricity prices at the Wholesale Electricity Spot Market (WESM) decreased in August due to sufficient supply amid strong demand. In a report...
Manila Electric Company (MERALCO) says that power generation charges are expected to decrease this month, which could be attributed to reduced demand and improved supply conditions. In a report by Manila Standard,...
The Independent Electricity Market Operator of the Philippines (IEMOP) has reported a decline in the initial average price of electricity in the Wholesale Electricity Spot Market (WESM) experienced last month. In a...
