Data from the Independent Electricity Market Operator of the Philippines (IEMOP) said electricity tariffs surged last week during the execution of the Red and Yellow alerts following limited power generating capacity. In...
The Department of Energy (DOE) is seeking the opinions of stakeholders on its plan to implement a Causer Pays Mechanism (CPM). In a report by the Philippine Star, the DOE said that...
PetroWind Energy Inc. (PWEI) has acquired approvals for the activation of its 13.2-megawatt (MW) Phase-2 of its Nabas wind power project in Aklan. PWEI, formed by PetroGreen Energy Corp., EEI Power Corp.,...
The Independent Electricity Market Operator of the Philippines (IEMOP) warns the public that electricity prices are likely to surge from the beginning of summer until May. In a briefing last Tuesday, IEMOP...
Generation companies (GenCos) have advocated for the elimination of the Php 6.245 per kilowatt hour (kWH) secondary price cap in the Wholesale Electricity Spot Market (WESM). GenCos argued that the cap merely...
The Energy Regulatory Commission (ERC) reported a decrease in the average cost of electricity traded at the spot market in 2023, ending two consecutive years of increases. According to ERC’s market analysis,...
The Department of Energy (DOE) announced that the power reserve spot market looks to commence commercial operations on December 26 this year. In a report by Business World, the Energy Regulatory Commission...
The Philippines can expect a decrease in power prices for the next few months amid the ease of global coal prices and the declining rates of the Wholesale Electricity Spot Market (WESM),...
Green Tiger Markets, the country’s first forward market for electricity, completed its first trade on its hedging platform for the Philippine Electricity market. The company facilitated the transaction between two commercial market...
The Manila Electric Company (MERALCO) has announced a decrease in electricity rates this July of Php 0.7213 per kilowatt-hour (kWh), bringing the total cost for an average household to Php 11.1899 per...
