Effective settlement spot prices (ESSPs) in the wholesale electricity spot market (WESM) dropped to a six-year low in January with P1.90 per kilowatt-hour (kWh), the lowest since 2011, according to the Philippine...
Department of Energy Secretary Alfonso Cusi is eyeing more investments in merchant power plants to spur competition in the electricity spot market. The energy secretary is encouraging investors, especially foreign, to establish...
Electricity spot market prices dived into a five-year low in December, keeping the annual average lower in the last three years, data from the Philippine Electricity Market Corp. (PEMC) said. PEMC said...
Mindanao might see an implemented electricity spot market in the region by June 2017, a Philippine Electricity Market Corp. (PEMC) official said. PEMC president Melinda Ocampo said they are only waiting for...
Spot prices in the Wholesale Electricity Spot Market (WESM) continued to fall this month due to higher supply and lower demand because of cooler temperatures. “The decrease in spot prices is attributable...
Further evaluation must be done before the spot market’s shift to an independent market operator (IMO), even as the law requires it, Senator Sherwin Gatchalian said. “I think there’s no sense of...
Wholesale Electricity Spot Market (WESM) rates by end-September were down by nearly half due to sufficient supply and cooler temperatures. The Philippine Electricity Market Corp. (PEMC) reported a considerable dip in the final effective...
