The combined favorable impact of high coal prices as well as soaring prices in the Wholesale Electricity Spot Market (WESM) had propelled the 279-percent surge in consolidated net income of Consunji-led Semirara Mining and Power Corporation (SMPC) to P3.98 billion in the second quarter this year...
The capacity contributed by its Dinginin power plant which is undergoing commissioning and testing, as well as the higher dispatch of its generation facilities at the Wholesale Electricity Spot Market (WESM) had propped the remarkable 171-percent consolidated net income rise of Aboitiz Power...
The average tariff billed to customers by power utility giant Manila Electric Company (Meralco) had been down by 3.0-percent in the first half of the year, and that was mainly attributed to the decline in the generation charge component of its pass-on rates. During a virtual briefing with the...
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 power retailing segment of the restructured electricity sector still crowned power giant Manila Electric Company (Meralco) as the biggest player with 37-percent market share, according to a report of the Department of Energy. The other players that have been elbowing Meralco in the competitive...
The Energy Regulatory Commission (ERC) is prodded to impose penalties against the generation companies (GenCos) that have caused unwarranted rate hikes during the power supply-strained summer months. That has been the demand of several consumer groups, led by the Power for People Coalition (P4P),...
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...
