The timely intervention of the energy investment unit of San Miguel Corporation (SMC) by providing an "emergency power supply" to Albay Electric Cooperative (ALECO) has prevented the cooperative and its customers from grid and power supply disconnection for the next 12 months, at least. In a...
Customers of Manila Electric Company (Meralco) will not experience relief in their electric bills this month, as the utility firm’s overall tariff will go up by P0.3297 per kWh to P10.2769 per kWh from last month’s P9.9472 per kWh. That upward adjustment will then result in overall increase of...
Power utility giant Manila Electric Company (Meralco) has been compelled to source higher-priced electricity from the Wholesale Electricity Spot Market (WESM) to plug the gap on its baseload capacity needs due to the cessation of supply from the Ilijan gas-fired power facility of South Premiere...
The Department of Energy (DOE) is finally eyeing to roll into commercial operation before the end of this year the long-delayed Wholesale Electricity Spot Market (WESM) in Mindanao to cater to energy capacities that will be traded by qualified participants in that grid. A draft circular showed that...
Customers of Manila Electric Company (Meralco) will experience higher electric bills this month as its overall tariff went up by P0.0844 per kilowatt hour (kWh) to P9.9472 per kWh this November from the previous month’s P9.8628 per kWh. For residential end-users in the 200 kWh consumption band,...
The Philippine Electricity Market Corporation (PEMC), which is the institutionalized and legally-recognized governance body of the Wholesale Electricity Spot Market (WESM), is scheduling the interim commercial operation of the renewable energy market (REM) this month. The propounded REM was...
The Philippine Electricity Market Corporation (PEMC), the governance body of the Wholesale Electricity Spot Market (WESM), said legal questions still hound the claim of Independent Electricity Market Operator of the Philippines (IEMOP) that it was already duly sanctioned by the high court as...
The Independent Electricity Market Operator of the Philippines (IEMOP), the operating entity of the Wholesale Electricity Spot Market (WESM), is planning to stop collecting market fees from trading participants if no coordination could still be established with the board of the Philippine...
Despite an earlier projection of a rate hike, several cost-offsetting measures ultimately pulled down the electricity tariff of Manila Electric Company (Meralco) by a marginal P0.2087 per kilowatt hour (kWh) for the August billing cycle. As noted by Meralco Vice President Lawrence S. Fernandez,...
The Independent Electricity Market Operator of the Philippines (IEMOP), operator of the Wholesale Electricity Spot Market (WESM), will be enforcing enhancements in its registration system to open power retail aggregation to a broader end-user coverage. The electricity market operator said it is...
The operator of the Wholesale Electricity Spot Market (WESM) is asking the Department of Energy (DOE) to review the circular which created the Independent Electricity Market Operator of the Philippines (IEMOP) to resolve its position once and for all. In a statement to the media, IEMOP President...
The Energy Regulatory Commission (ERC) indicated that it prefers just having one entity to manage and oversee the Wholesale Electricity Spot Market (WESM) so the industry as well as the Filipino consumers can save on costs. According to ERC Chairperson Agnes T. Devanadera, the current set-up of...
