After a slight pullback last month, customers should brace for higher electricity prices in June following an upward adjustment in generation charges, according to Manila Electric Co. (Meralco). Meralco said on Thursday, June 11, that it is increasing electricity rates by ₱0.1488 per...
Wholesale electricity spot market prices could hit new highs in the coming weeks as grid alerts in Visayas and earthquake-induced plant outages in Mindanao squeeze power supply, according to the Independent Electricity Market Operator of the Philippines Inc. (IEMOP). During a press briefing on...
The Energy Regulatory Commission (ERC) lifted the suspension of the Wholesale Electricity Spot Market (WESM) across the Luzon, Visayas, and Mindanao grids, restoring normal trading operations effective Friday, May 1. In a statement, the ERC explained that this WESM resumption marks a return to...
With Filipino consumers already reeling from punishing summer power bills, it’s time to confront an uncomfortable truth: the ₱0.0371/kWh GEA-All charge surreptitiously embedded in electricity rates is not anchored on solid statutory footing under Republic Act 9136 (EPIRA) or the Renewable...
Power rates in Luzon may see an increase this month, as its average spot market price posted the highest jump among the three regions due to the power supply-demand imbalance experienced in March. In a media briefing on Wednesday, April 8, Independent Electricity Market Operator of the...
Energy authorities must disclose the full basis, safeguards, and timetable behind the temporary suspension of the Wholesale Electricity Spot Market (WESM). Bagong Henerasyon (BH) Party-list Rep. Robert Nazal demanded such from the Department of Energy (DOE) and Energy Regulatory Commission (ERC),...
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...
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...
Now that she’s officially appointed at the “hot seat” of the Department of Energy (DOE), the honeymoon is over from her day one in office as designated Energy Secretary Sharon S. Garin is not exactly a newbie in the sector – so, it’s time for her to deliver electricity consumers’...
The Philippines’ average power costs in June declined by 16 centavos, or 3.9 percent, to ₱3.86 per kilowatt-hour (kWh) from ₱4.02 per kWh in the previous month, as demand dropped faster than the decrease in supply. According to the Independent Electricity Market Operator of the Philippines,...
