ILOILO CITY – MORE Electric and Power Corp., the sole power distributor here, has reduced electricity rates for the second straight month. MORE Power linemen at work in Iloilo City. (Tara Yap) The company reduced electricity rates by P2.76 per kilowatt in the March billing cycle to P10.41...
Manila Electric Company (Meralco) announced that residents will see a ₱0.2639 per kilowatt-hour (kWh) increase in this month’s billing. In a statement on Tuesday, March 11, Meralco reported that the overall rate for a typical household would be raised from ₱12.0262/kWh to ₱12.2901/kWh....
The Independent Electricity Market Operator of the Philippines (IEMOP) reported a decline in Wholesale Electricity Spot Market (WESM) prices in February due to increased supply in the system. Data from IEMOP showed that the average system price declined by 7.8 percent to ₱2.73 per kilowatt-hour...
The Independent Electricity Market Operator of the Philippines (IEMOP) expects an increase in Renewable Energy Certificate (REC) issuance, driven by the ongoing Green Energy Auction Program (GEAP). Chris Warren C. Manalo, assistant manager of IEMOP’s market simulation and analysis division,...
Manila Electric Co. (Meralco) customers can expect higher electricity bills this February as the power retailer announced a rate increase, driven primarily by higher generation charges. In a statement on Tuesday, Feb. 11, Meralco announced an increase of P0.2834 per kilowatt-hour (kWh) in the...
The Independent Electricity Market Operator of the Philippines (IEMOP) reported a substantial drop in electricity prices for January, driven by lower demand and increased supply. In a statement released on Tuesday, February 4, IEMOP said that the average electricity price in the Wholesale...
House Speaker Martin Romualdez (Speaker’s office) The leadership of the House of Representatives is doubling down on its mission statement to help bring down the cost of food and electricity via its investigations at the tail end of the 19th...
The Independent Electricity Market Operator of the Philippines (IEMOP) expressed optimism about the country's power situation in 2025, stating that the chances of power outages are low. In a briefing on Tuesday, Dec. 17, Isidro Cacho Jr., IEMOP head of trading operations, said that power strains...
The Independent Electricity Market Operator of the Philippines (IEMOP) reported a minimal increase in Wholesale Electricity Spot Market (WESM) prices in November. IEMOP data showed a two percent decrease in both average supply and demand. Supply dropped from 19,897 megawatts (MW) to 19,492 MW,...
Power retailer Manila Electric Company (Meralco) announced a P0.4274 per kilowatt-hour (kWh) increase in electricity rates for November, bringing the overall rate to P11.8569 per kWh from October's P11.4295 per kWh. In a briefing, Joe Zaldarriaga, Meralco vice president and head of corporate...
The Independent Electricity Market Operator of the Philippines (IEMOP) is preparing for the launch of the renewable energy (RE) market, aiming to start commercial operations by next month. In a briefing on Thursday, Nov. 7, Arjon Valencia, IEMOP corporate planning and communications manager,...
The Independent Electricity Market Operator of the Philippines (IEMOP) reported an increase in the average electricity prices in October due to a slight hike in demand. During a media briefing on Tuesday, Nov. 5, the IEMOP noted that last month saw a significant increase in the Wholesale...
