The Department of Energy (DOE) isn't interested with hitting back at Senator Manny Pacquiao, even if his allegations of corruption against the agency turn out to be baseless. (Photo from Manny Pacquiao's Instagram) Thus, said Assistant Secretary Gerardo Erguiza Jr. during the Laging Handa virtual...
An official of the Department of Energy (DOE), who reportedly resigned recently from his post, is well anticipated by power industry players as the next president of the Philippine Electricity Market Corporation (PEMC), which is the governance body of the Wholesale Electricity Spot Market (WESM)....
Department of Energy (DOE) Assistant Secretary Gerardo Erguiza Jr. insisted Wednesday, July 7 that there was no connection between the agency and the so-called independent market operator (IMO) for electricity that Senator Manny Pacquiao had tagged in alleged corruption. (Screengrab from Facebook...
The Independent Electricity Market Operator of the Philippines (IEMOP) is enforcing triggers to potential ‘red flags’ it has been tracking on the operation of the Wholesale Electricity Spot Market (WESM) – be that on unusual price spikes or in cases when capacity being traded would...
The Independent Electricity Market Operator of the Philippines (IEMOP) admitted that it is “clueless” whether investigations had been done by the market surveillance committee (MSC) of the Wholesale Electricity Spot Market (WESM) or the regulators on the recurrent price spikes that happened...
The Department of Energy (DOE) finally admitted that Luzon grid already lacks capacity to meet peak electricity demand, especially with the recurring dilemma of forced outages of power plants. In a Senate hearing, DOE Director Mario C. Marasigan stated that given the combined loss of capacity in...
Distribution utilities (DUs) as well as retail buyers of electricity can soon opt for demand-side bidding at a price that they prefer once that is introduced as a new trading mechanism in the Wholesale Electricity Spot Market. According to Julius Bunyi, manager for Corporate Strategy and Program...
At least 13 new customers – mostly buildings and water pumping stations in Metro Manila that include Maynilad Water Services Inc. – have switched electricity suppliers following the threshold lowering of the Retail Competition and Open Access (RCOA) policy by February this year. In a briefing...
Filipino consumers will likely have an extended “financial respite” in their next electricity bill, as price trends point to continued softening of prices in the Wholesale Electricity Spot Market. In a briefing with the media, Engineer John Paul Grayda, manager for Pricing Validation and...
The Independent Electricity Market Operator of the Philippines (IEMOP) has deferred to middle of next year the commercial operations of the new market management system (NMMS) or the modified trading platform of the Wholesale Electricity Spot Market....
Electricity demand ‘tame’ in 2 months The manufacturing sector failed on its rebound momentum, hence, the country’s electricity demand had been ‘tame’ in the past two months, according to the operator of the Wholesale Electricity Spot Market. Isidro E. Cacho Jr., chief corporate strategy...
Registration with the operator of the Wholesale Electricity Spot Market (WESM) will no longer be mandated if retail competition and open access (RCOA) will already reach the level of household consumers, according to the Independent Electricity Market Operator of the Philippines (IEMOP)....
