Consumers may see an increase in their electricity bills this month after prices on the Wholesale Electricity Spot Market (WESM) surged following recent earthquakes and inclement weather. The Independent Electricity Market Operator of the Philippines (IEMOP) reported on Thursday, Nov. 6, that...
Unplanned and scheduled power plant shutdowns caused a significant spike in prices on the Wholesale Electricity Spot Market (WESM) in August, according to the Independent Electricity Market Operator of the Philippines (IEMOP). In a briefing on Wednesday, Sept. 3, IEMOP reported that the average...
'Tis the season for planned and unexpected power plant outages, as the Independent Electricity Market Operator of the Philippines (IEMOP) reported a three-percent spike in the system average price of the Wholesale Electricity Spot Market (WESM). In a briefing on Wednesday, Aug. 6, IEMOP head...
Yuchengco-led PetroGreen Energy Corp. (PGEC) is set to commence commercial operations at its San Jose Solar Power Plant (SJSPP) in Nueva Ecija on Aug. 1, following approvals from the Energy Regulatory Commission (ERC) and the Independent Electricity Market Operator of the Philippines (IEMOP). PGEC...
The Independent Electricity Market Operator of the Philippines (IEMOP) reported that electricity prices in the Wholesale Electricity Spot Market (WESM) have significantly dropped in the first half of 2025. This was due to better supply margins, transmission infrastructures, and the renewable energy...
The Independent Electricity Market Operator of the Philippines (IEMOP) said that consumers do not bear the cost of delinquencies by non-compliant participants in the Wholesale Electricity Spot Market (WESM). In a statement on Tuesday, July 15, IEMOP said that WESM participants are required to...
The Independent Electricity Market Operator of the Philippines (IEMOP) announced that several new power plants, including both renewable and conventional energy facilities, are expected to come online in the second half of 2025.
IEMOP revealed in a media briefing that 14 power projects are...
The Independent Electricity Market Operator of the Philippines (IEMOP) is seeking an additional budget for its market management system (MMS) for the Wholesale Electricity Spot Market (WESM). In a document posted by the Energy Regulatory Commission (ERC), IEMOP is requesting around ₱1.1 billion...
The Independent Electricity Market Operator of the Philippines (IEMOP) announced an 11 percent drop in Wholesale Electricity Spot Market (WESM) prices in May. IEMOP data, released on Tuesday, June 3, showed that the average price eased to ₱4.01 per kilowatt-hour (kWh), while the system supply...
ILOILO CITY—Companies under the Razon group have the cheapest rate in the islands of Panay and Negros. In a recent power forum in Iloilo City, it was found out that MORE Electric and Power Corp. (MORE Power) and Negros Electric and Power Corp. (Negros Power) have lower rates for residential...
The Independent Electricity Market Operator of the Philippines (IEMOP) has assured that the Wholesale Electricity Spot Market (WESM) will see stable prices even after the 2025 midterm elections. In a briefing on Tuesday, May 6, Isidro Cacho Jr., IEMOP head of trading operations stated that the...
The higher availability and dispatch of generated capacities from power plants have been softening prices in the Wholesale Electricity Spot Market (WESM) – and if the trend will be sustained, that could redound as reduction in the January electric bills of consumers. According to the Independent...
