The upticks in fuel prices will likely drive up the overall electricity rates to be billed by power utility giant Manila Electric Company (Meralco) to its customers in this February billing cycle. According to Meralco Vice President Lawrence S. Fernandez, the major rate component being assessed at...
Worst cases of "forced outages" and generation de-rating of power plants this summer could surge up to 4,332 megawatts in the Luzon grid if technical glitches in power facilities would recur at the usual historical scale, the Independent Electricity Market Operator of the Philippines (IEMOP)...
Filipino consumers may need to brace for higher electric bills next month as prices in the Wholesale Electricity Spot Market (WESM) were ticking up when system operator National Grid Corp. of the Philippines (NGCP) declared a two-day “yellow alert” in the Luzon grid recently. The recurrence of...
WESM system enhancements eyed By MYRNA M. VELASCO The country’s Wholesale Electricity Spot Market (WESM) will be undertaking enhancements on its new market management system (NMMS) so it can accommodate the registration of more participants that will be joining the lowering of threshold of the...
Filipino consumers may be greeted with bad news in the New Year as spot prices of electricity have been inching higher this month, December, due to continued forced outages of power plants. As of December 21, the operator of the Wholesale Electricity Spot Market (WESM) has apprised media that...
There will be paramount reason for Filipino consumers to strive saving on their electricity usage during the Christmas holidays, as power utility giant Manila Electric Company (Meralco) announced that its rates will rise by P0.3143 per kilowatt hour (kWh) in the December billing. The power firm...
The Philippine Electricity Market Corporation (PEMC), which is the governing entity of the Wholesale Electricity Spot Market (WESM), has inked a deal with the United Nations Office for Project Services (UNOPS), for the relevant parties to concretize energy transition roadmap that will primarily be...
On fears that the Wholesale Electricity Spot Market (WESM) will be operating with financial deficit, its governance body Philippine Electricity Market Corporation (PEMC) is seeking higher market fees to be implemented to trading participants starting this month – even without prior regulatory...
The recurring gas restriction dilemma of the Malampaya field significantly accounted for the higher electric bills paid for by the customers of Manila Electric Co. (Meralco) this year. Meralco said that of the aggregate P1.04 per kilowatt hour (kWh) rate hikes implemented in series this year, about...
The Philippine Electricity Market Corporation (PEMC), in its capacity as governance body of the Wholesale Electricity Spot Market (WESM), is sorting out ‘refund mechanism’ on congestion charges collected from consumers in the Visayas grid. PEMC will also be taking the lead in enforcing the...
Settlement prices of traded capacities at the Wholesale Electricity Spot Market (WESM) continued to track downtrend because of improved supply margins while demand also skidded due to the re-imposition of stricter lockdown last month, the Independent Electricity Market Operator of the Philippines...
Malampaya operator Shell Philippines Exploration B.V. (SPEX) was ordered by the Department of Energy (DOE) to explain the four-day fuel supply disruption to the country’s gas-fired power plants which triggered their shift to more expensive liquid fuels and de-rating of their generation capacity....
