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Wholesale Electricity Spot Market (WESM) prices increased slightly in November as tighter supply-demand margins drove rates higher, the Independent Electricity Market Operator of the Philippines (IEMOP) said. In a report by Business
The Office of the Ombudsman has issued a six-month preventive suspension order against Energy Regulatory Commission (ERC) Chairperson Monalisa Dimalanta for allowing Manila Electric Company (MERALCO) to buy electricity from the Wholesale
Independent Electricity Market Operator of the Philippines (IEMOP) says that electricity prices at the Wholesale Electricity Spot Market (WESM) decreased in August due to sufficient supply amid strong demand. In a report
Manila Electric Company (MERALCO) says that power generation charges are expected to decrease this month, which could be attributed to reduced demand and improved supply conditions. In a report by Manila Standard,
The Independent Electricity Market Operator of the Philippines (IEMOP) has reported a decline in the initial average price of electricity in the Wholesale Electricity Spot Market (WESM) experienced last month. In a
The Energy Regulatory Commission (ERC) has removed the four-month suspension on the reserve market, permitting the resumption of its full commercial operations. In a report by Philippine Star, the ERC order relieved
The Philippines is continuously pushing for renewable energy (RE) to combat the increasing coal dominance in the country’s energy mix. Former Department of Energy (DOE) Undersecretary Atty. Jose Layug Jr. said that
Because of the decline in demand brought on by the rainy season, the Independent Electricity Market Operator of the Philippines (IEMOP) reports that the average cost of power traded in the Wholesale
The Energy Regulatory Commission (ERC) announced it is reviewing the reliability index that determines allowable outages for energy facilities to enhance monitoring and establish appropriate penalties. In a report by BusinessWorld, ERC
Customers of Manila Electric Company (MERALCO) can expect a significant reduction in June electricity rates, reversing the previously announced increase. This change comes as the power distributor implements a staggered collection of
