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The Philippine Electricity Market Corporation (PEMC) defended the Independent Electricity Market Operator of the Philippines (IEMOP) and the Department of Energy (DOE) in the wake of Sen. Manny Pacquiao’s corruption allegations in
(UPDATED) The Department of Energy (DOE) and the Independent Electricity Market Operator of the Philippines (IEMOP) have rebutted Sen. Manny Pacquiao’s accusations of corruption in the power sector. Pacquiao had accused the DOE of
The Energy Regulatory Commission (ERC) will be making changes to the imposition of the price mitigating measure in the Wholesale Electricity Spot Market (WESM) to ensure consumer safety nets and prevent price
The Wholesale Electricity Spot Market (WESM) in Luzon and Visayas has shifted from the one-hour interval to the five-minute trading yesterday, while the Mindanao Grid was given another month to finish its
Average electricity prices in the Wholesale Electricity Spot Market (WESM) began going down in June due to more stable supply and lower power demand, according to the Independent Electricity Market Operator of
The Department of Energy (DOE) has admitted that the Luzon Grid does not have the enough capacity to meet the peak electricity demand, especially with the recurring dilemma of forced power plant
The Wholesale Electricity Spot Market’s (WESM) new trading mechanism will soon allow distribution utilities (DUs) and retail electricity buyers to opt for demand-side bidding at a price they prefer. Julius Bunyi, manager
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
