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...
Customers of Manila Electric Company (Meralco) will need to allot higher budgets for their electric bills this month, as the utility firm raised its overall tariff by P0.3982 per kilowatt hour (kWh) to P10.4612 per kWh from the May level of P10.0630 per kWh. For household consumers in the...
The Energy Regulatory Commission (ERC) has updated some provisions of the Open Access Transmission Service (OATS) rules, simplifying the charges being passed on to consumers. The OATS rules serve as the regulatory framework in the operation of the country’s power transmission network, a major...
Ayala-led ACEN Corporation income dipped 68 percent to P405 million in the first quarter this year versus P829.32 million in the same period last year, owing to higher cost in securing replacement power for its customers. The Ayala firm attributed the earnings drop to “short term headwinds” as...
Telecom giant Globe is batting for an accelerated lowering of the Retail Competition and Open Access (RCOA) consumption threshold in the electricity sector from the current 500 kilowatts to 10 to 99 kw so small businesses and enterprises can directly choose their electricity suppliers. RCOA is a...
The Wholesale Electricity Spot Market (WESM), which serves as the central registration body for the Green Energy Option Program (GEOP), has been registering massive shift of qualified businesses to renewable energy (RE) when it comes to their power supply sourcing. In just a span of one month,...
A definitive regulation is being sought from the Securities and Exchange Commission (SEC) for the proposed "forward market’" to be instituted in the country’s Wholesale Electricity Spot Market (WESM). The Independent Electricity Market Operator of the Philippines (IEMOP), which is the operating...
The Wholesale Electricity Spot Market (WESM) in Mindanao is being pushed for commercial operation in June this year, ahead of the energization of the Mindanao-Visayas Interconnection Project (MVIP), which is subsequently targeted by the fourth quarter. According to Edward I. Olmedo, senior manager...
With higher capacity availability from power plants, the settlement prices at the Wholesale Electricity Spot Market (WESM) had softened to P6.26 per kilowatt hour (kWh) this April versus the previous month’s P6.97 per kWh. According to WESM operating entity Independent Electricity Market Operator...
