The single settlement system for capacities traded via the Wholesale Electricity Spot Market (WESM) across all grids will kick-off in the May billing cycle, the Department of Energy (DOE) said. In an advisory issued this month, Energy Secretary Raphael P.M. Lotilla stipulated that WESM’s shift...
On top of the double whammy of rotational brownouts and scorching heat, consumers of Manila Electric Company (Meralco) will be distressed with additional financial burden as its rates will go up by P0.1761 per kilowatt hour (kWh) in this May billing. For roughly 70-percent of the utility firm’s...
The recurring spikes in prices at the Wholesale Electricity Spot Market (WESM) will drive up the electricity rates that will be passed on to roughly 7.5 million customers of Manila Electric Company (Meralco) in their May billing cycle. According to Meralco Vice President and Head of Corporate...
The Energy Regulatory Commission (ERC) is requiring system operator National Grid Corporation of the Philippines (NGCP) to submit data on contracted capacities to be awarded for its ancillary services (AS) procurements, to help assess cost impact on consumers. “We are asking them (NGCP) for the...
The Energy Regulatory Commission (ERC) has been discussing with the Independent Electricity Market Operator of the Philippines (IEMOP) the proposed measures for the pass-on of P22.64 billion worth of deferred charges which accumulated in 2013 following strained supply in the Luzon grid due to...
Independent Electricity Market Operator of the Philippines (IEMOP) won the tug-of-war as to which entity shall be finally authorized to operate the Renewable Energy Market (RE Market), a platform that will be used for the trading of RE certificates. According to IEMOP President Richard J....
The summer heat will somehow be eased, as customers of Manila Electric Company (Meralco) are expected to enjoy reduction in their electric bills this month. There was preliminary expectation of a rate hike, but in the final computation, there were factors that ended up pulling down the overall cost...
The Energy Regulatory Commission (ERC) has admitted weakness in investigating anti-competitive behavior, especially for company participants that are trading their generated capacities in the Wholesale Electricity Spot Market (WESM). Given this difficulty in its market policing power, ERC...
A spike in the secondary price cap for the Wholesale Electricity Spot Market (WESM) to the tune of P10,000 to P15,000 per megawatt hour (MWh) - or equivalent P10-P15 per kilowatt hour) - has been proposed by the generation companies (GenCos) to the Energy Regulatory Commission (ERC), according to...
In discussion with the Private Sector Advisory Council (PSAC), President Ferdinand Marcos Jr. has tackled issues in the processing of permits for energy projects which have always been the biggest headache for investors, especially foreign firms that are not familiar with the socio-political terrain...
Settlement prices at the Wholesale Electricity Spot Market (WESM) climbed by roughly P1.36 per kilowatt hour (kWh) on average on the two-week duration of the Malampaya gas production facility shutdown, according to a monitoring report by power utility giant Manila Electric Company. The power...
The Energy Regulatory Commission (ERC) is reviewing the appeal of generation companies (GenCos) for possible upward adjustment in the secondary price cap (SPC) of the Wholesale Electricity Spot Market (WESM) as existing rate could no longer support warranted return on investments (ROIs) if they...
