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....
Household budget for electric bills will be higher this month for customers of Manila Electric Company (Meralco), as it announced a tariff hike of P0.1055 per kilowatt hour (kWh) in the September billing cycle. MERALCO LOGO1 The utility firm emphasized that its overall pass-on rate this month will...
Customers of Manila Electric Company (Meralco) don’t need to worry much about added financial burden in their electric bills this month, as the overall tariff to be passed on is seen “flattish” in this September billing cycle. Meralco Logo According to Joe Zaldarriaga, vice president and...
With cooler temperatures, higher availability of hydro plants and the relatively lower power demand, prices of electricity in the Wholesale Electricity Spot Market (WESM) has been trending downwards this month. In a presentation to the media, Engineer John Paul Grayda, manager for pricing...
Customers of Manila Electric Company (Meralco) will need to shell out higher budget for their electric bills this month as the company’s overall tariff inched up by P0.0965 per kilowatt hour (kWh) to P9.0036 per kWh from last month’s P8.9071 per kWh. 25058 The power firm said electricity rate...
The net income of Ayala-led firm AC Energy Corporation (ACEN) posted a modest 5.0-percent growth to P2.7 billion in the first half of the year, inclusive of earnings from international operations – and that’s coming from a leaner P2.6 billion in the same period last year. Consolidated revenues...
System operator National Grid Corporation of the Philippines (NGCP) sought collaboration with the industry stakeholders, primarily with the Department of Energy (DOE), on its bid to finally resolve issues hounding the country’s power system – including those on reserves, transmission facility...
