With rising fuel prices in the world market, customers of Manila Electric Company (Meralco) are being apprised this early to expect uptick in their electric bills this month. The utility firm primarily indicated that “the impact of the higher international coal prices and peso depreciation is...
Electricity demand in Luzon, the country's main economic center, peaked in March and surpassed the pre-pandemic demand levels for the same month, largely due to the start of dry season and the wider re-opening of the economy, the Independent Electricity Market Operator of the Philippines (IEMOP)...
As weather temperatures rise, so as the electric bills of consumers with power utility giant Manila Electric Company (Meralco) announcing P0.0625 per kilowatt hour (kWh) increase on its March billing cycle to P9.6467 per kWh from the previous month’s P9.5842 per kWh. For residential end-users in...
Rate hike in March Meralco billing seen By MYRNA M. VELASCO Apart from financial pain at petroleum pumps, the customers of Manila Electric Company (Meralco) will need to expect further squeeze on their household budgets as their electric bills are also anticipated to rise this month. According to...
A “special settlement arrangement” is being firmed up for the trading of capacity in the Wholesale Electricity Spot Market (WESM) for the scheduled energization of the P52-billion Mindanao-Visayas Interconnection Project (MVIP), or the link-up of power grids in the two islands as concretized by...
The Energy Regulatory Commission (ERC) has ordered the Philippine Electricity Market Corporation (PEMC), the governance body of the Wholesale Electricity Spot Market (WESM), to finally lift the spot trading suspension for the Bohol segment enforced roughly two months ago. The regulatory body...
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...
