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...
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 generation companies (GenCos) which primarily caused the brownout-incidents in Luzon grid this year will face another round of investigation at the Senate this week. According to Senate Committee on Energy Chairman Sherwin T. Gatchalian, the focus of investigation on Thursday (June 17) will be...
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...
Customers of Manila Electric Company (Meralco) will have to burden additional P0.0798 per kilowatt hour (kWh) in their June electric bills, and that’s driven mainly by higher charges for supply procured from the Wholesale Electricity Spot Market. For those in the 200-kWh consumption base, the...
At least five power plants in various parts of the country had logged more than 100 days of forced outages, a duration even longer than a ‘honeymoon period’ being accorded by Filipino citizens to a new President of the Philippines. The five plants identified by the Energy Regulatory Commission...
As a remedy to the recurring problem of scant power reserves that subsequently results in higher electric bills or brownouts, the Wholesale Electricity Spot Market (WESM) will start integrating ancillary services (AS) or power reserves in its trading activities by December. According to Assistant...
