9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
For the third time in just five months, the Wholesale Electricity Spot Market (WESM) has recorded negative electricity prices across all major Philippine grids—Luzon, Visayas, and Mindanao—highlighting both opportunities and emerging challenges
Meralco has countered recent claims by the Department of Energy (DOE) that its Power Supply Agreement (PSA) with Excellent Energy Resources Inc. (EERI) is driving up electricity prices. The utility attributes high
As the dry season ramps up and midterm elections loom, customers are bracing for a sharper sting in their electricity bills. The Manila Electric Company (Meralco) announced today a PHP 0.7226 per
Citicore Renewable Energy Corporation (CREC) has reported a remarkable 40% increase in revenue for 2024, reaching PHP 5.1 billion, up from PHP 3.7 billion the previous year, according to its latest financial
The National Electrification Administration (NEA) Administrator Antonio Mariano Almeda hailed the positive impact of the Independent Electricity Market Operator of the Philippines (IEMOP) on rural electrification, adding the latter has been instrumental
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
