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The average price of electricity at the Wholesale Electricity Spot Market (WESM) for October rose more than double from September, according to the Independent Electricity Market Operator of the Philippines (IEMOP). As
The Philippine Electricity Market Corporation (PEMC), the governing body of the Wholesale Electricity Spot Market (WESM), said it is devising a refund scheme on congestion charges collected from Visayas electricity customers. The
The launch date for the trading of electricity from ancillary services (AS) or reserve power would be moved to 2022, according to the Independent Electricity Market Operator of the Philippines (IEMOP), which
The average price at the Wholesale Electricity Spot Market (WESM) fell by 35% month-on-month in the first three weeks of September to Php3.10 per kilowatt-hour (kWh) on the back improved power supply.
Energy Sec. Alfonso Cusi has asked Shell Philippines Exploration B.V. (SPEX), the current operator of the Malampaya gas field, to explain the gas restrictions to its five dependent gas-fired power plants over
The Independent Electricity Market Operator of the Philippines (IEMOP) sees no shortage in power supply while the Malampaya gas field suspends production from October 2-22. IEMOP, the operator of the Wholesale Electricity
The Manila Electric Company (MERALCO) is in talks with government-owned Power Sector Assets and Liabilities Management Corporation (PSALM) for possible supply as the power giant is forced to look for other options
Ayala-led AC Energy Corporation (ACEN) reported that it achieved a consolidated net income of Php2.7 billion for the first half of 2021, a five percent increase from Php2.6billion year-on-year. The figure includes
The Department of Energy (DOE) had ordered the power industry players in Mindanao to continue with the central scheduling scheme in place for the Wholesale Electricity Spot Market (WESM) until the department
Former Energy assistant secretary Atty. Leonido “Bodie” Pulido III has been elected president of the Philippine Electricity Market Corporation, the governing body of the Wholesale Electricity Spot Market (WESM). Pulido was named
