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...
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)....
The Philippine Electricity Market Corporation (PEMC), which is the governance body overseeing the Wholesale Electricity Spot Market (PEMC), has been ordered to defer the collection of at least P0.20 per kilowatt hour (kWh) adjustment on its net settlement surplus (NSS) charges. The ruling, which...
The Philippine Electricity Market Corporation (PEMC), which serves as a governance body of the Wholesale Electricity Spot Market (WESM), will have its new President, as Atty Oscar E. Ala will already retire from the post. Industry sources hinted that Ala already declined nomination to become part...
The Philippine Electricity Market Corporation (PEMC), which regulates the Wholesale Electricity Spot Market (WESM), is seeking approval for an additional spot market transaction fees to be slapped to participants of the Renewable Energy Market (REM) to support operational expenses. In its filing...
A new price determination methodology (PDM) has been instituted for the Wholesale Electricity Spot Market (WESM) in its shift to shorter five-minute trading interval that is targeted for enforcement middle of this year. The Energy Regulatory Commission (ERC) approved the new pricing methodology...
