The Philippine Electricity Market Corporation (PEMC), which is the governance body of the Wholesale Electricity Spot Market (WESM), has tightened its monitoring systems on the outcomes as well as compliance of trading participants relative to the recent enforcement of a five-minute dispatch in the...
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...
The customers of Manila Electric Company (Meralco) will have to brace for higher electric bills this month, as the utility firm’s overall tariff had been up by P0.2353 per kilowatt hour to P8.9071 per kWh versus P8.6718 per kWh in June. For residential end-users in the typical consumption bracket...
Electricity consumers in Mindanao can soon exercise their ‘power of choice’ when it comes to their preferred electricity suppliers and on service that will fit their budgets, with the plan of the Department of Energy (DOE) to finally expand the coverage of Retail Competition and Open Access...
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)....
Consumer group Power for People Coalition (P4P) has welcomed the amendments being pushed by the Energy Regulatory Commission (ERC) on the implementation of price mitigation measures in the wholesale electricity spot market (WESM). (Photo by Hey Porter/ Unsplash) The group acknowledged in a...
The ‘curse’ of strained electricity supply mainly precipitated by simultaneous plant outages will continue to haunt electricity consumers -- as the overall rate of Manila Electric Company (Meralco) is anticipated to rise again this month. According to Meralco Vice President Joe Zaldarriaga,...
The Energy Regulatory Commission (ERC) has stipulated that it will zero in investigations on generation companies (GenCos) that may have raked in “financial gains” from the series of price spikes in the Wholesale Electricity Spot Market (WESM) when Luzon grid supply had been extremely strained...
The Energy Regulatory Commission (ERC) has shortened to three days or 72 hours – from originally five days or 120 hours –the time threshold on when the secondary price cap (SPC) of P6.245 per kilowatt hour (kWh) shall be enforced in cases of recurring price spikes for traded capacity in the...
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 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 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...
