Electricity demand in Luzon, the country's main economic center, peaked in March and surpassed the pre-pandemic demand levels for the same month, largely due to the start of dry season and the wider re-opening of the economy, the Independent Electricity Market Operator of the Philippines (IEMOP)...
Senator Nancy Binay today (March 3) urged the Department of Energy (DOE) to focus on immediately shoring up the country’s thinning power reserves rather than busying itself on other concerns. “Rather than looking too far ahead, the energy department should look at the problem that’s staring...
Worst cases of "forced outages" and generation de-rating of power plants this summer could surge up to 4,332 megawatts in the Luzon grid if technical glitches in power facilities would recur at the usual historical scale, the Independent Electricity Market Operator of the Philippines (IEMOP)...
WESM system enhancements eyed By MYRNA M. VELASCO The country’s Wholesale Electricity Spot Market (WESM) will be undertaking enhancements on its new market management system (NMMS) so it can accommodate the registration of more participants that will be joining the lowering of threshold of the...
On fears that the Wholesale Electricity Spot Market (WESM) will be operating with financial deficit, its governance body Philippine Electricity Market Corporation (PEMC) is seeking higher market fees to be implemented to trading participants starting this month – even without prior regulatory...
The Philippine Electricity Market Corporation (PEMC), in its capacity as governance body of the Wholesale Electricity Spot Market (WESM), is sorting out ‘refund mechanism’ on congestion charges collected from consumers in the Visayas grid. PEMC will also be taking the lead in enforcing the...
Settlement prices of traded capacities at the Wholesale Electricity Spot Market (WESM) continued to track downtrend because of improved supply margins while demand also skidded due to the re-imposition of stricter lockdown last month, the Independent Electricity Market Operator of the Philippines...
Malampaya operator Shell Philippines Exploration B.V. (SPEX) was ordered by the Department of Energy (DOE) to explain the four-day fuel supply disruption to the country’s gas-fired power plants which triggered their shift to more expensive liquid fuels and de-rating of their generation capacity....
With cooler temperatures, higher availability of hydro plants and the relatively lower power demand, prices of electricity in the Wholesale Electricity Spot Market (WESM) has been trending downwards this month. In a presentation to the media, Engineer John Paul Grayda, manager for pricing...
System operator National Grid Corporation of the Philippines (NGCP) sought collaboration with the industry stakeholders, primarily with the Department of Energy (DOE), on its bid to finally resolve issues hounding the country’s power system – including those on reserves, transmission facility...
Former Energy Assistant Secretary Leonido “Bodie” Pulido III has been formally elected as president of the Philippine Electricity Market Corporation (PEMC), the governance body of the Wholesale Electricity Spot Market. He is taking over the post from Atty Oscar Ala, who previously served as a...
The operator of the Wholesale Electricity Spot Market (WESM) is temporarily enforcing ‘relaxed rules’ – for at least three months, on the prudential requirement (PR) as well as dispatch conformance of trading participants in the Mindanao spot market. According to Robinson Descanzo, chief...
