Unplanned and scheduled power plant shutdowns caused a significant spike in prices on the Wholesale Electricity Spot Market (WESM) in August, according to the Independent Electricity Market Operator of the Philippines (IEMOP). In a briefing on Wednesday, Sept. 3, IEMOP reported that the average...
Stressing that a department cannot investigate its own, Department of Public Works and Highways (DPWH) Secretary Vince Dizon said he will abolish the agency 's internal investigation team formed to probe flood control project anomalies. Dizon bared in an interview that he will dissolve the...
Former Department of Public Works and Highways (DPWH) Secretary Rogelio Singson rejected Malacañang’s offer to return to the Cabinet and instead expressed willingness to lead an independent investigation into alleged multibillion-peso irregularities in the agency’s flood control projects....
'Tis the season for planned and unexpected power plant outages, as the Independent Electricity Market Operator of the Philippines (IEMOP) reported a three-percent spike in the system average price of the Wholesale Electricity Spot Market (WESM). In a briefing on Wednesday, Aug. 6, IEMOP head...
The Department of Foreign Affairs (DFA) backs President Marcos’ “friend to all” foreign policy, emphasizing its commitment to forge relationships and strengthen alliances with the global community. “Sinabi rin ng Pangulo na (The President said) we are friends to all and enemies to none....
Yuchengco-led PetroGreen Energy Corp. (PGEC) is set to commence commercial operations at its San Jose Solar Power Plant (SJSPP) in Nueva Ecija on Aug. 1, following approvals from the Energy Regulatory Commission (ERC) and the Independent Electricity Market Operator of the Philippines (IEMOP). PGEC...
The Philippine Independent Power Producers Association (PIPPA) reassured its commitment to collaborate with the energy sector to achieve the electrification and energy security goals mentioned by President Marcos in his fourth State of the Nation Address (SONA). In a statement, PIPPA expressed its...
The Philippines maintains an independent foreign policy by being a “friend to all” and “an enemy to none,” President Marcos said during his fourth State of the Nation Address (SONA) on Monday, July 28. The Chief Executive, who delivered his 70-minute state address at the Batasang Pambansa...
The Independent Electricity Market Operator of the Philippines (IEMOP) reported that electricity prices in the Wholesale Electricity Spot Market (WESM) have significantly dropped in the first half of 2025. This was due to better supply margins, transmission infrastructures, and the renewable energy...
The Independent Electricity Market Operator of the Philippines (IEMOP) said that consumers do not bear the cost of delinquencies by non-compliant participants in the Wholesale Electricity Spot Market (WESM). In a statement on Tuesday, July 15, IEMOP said that WESM participants are required to...
The Independent Electricity Market Operator of the Philippines (IEMOP) announced that several new power plants, including both renewable and conventional energy facilities, are expected to come online in the second half of 2025.
IEMOP revealed in a media briefing that 14 power projects are...
The Philippines’ average power costs in June declined by 16 centavos, or 3.9 percent, to ₱3.86 per kilowatt-hour (kWh) from ₱4.02 per kWh in the previous month, as demand dropped faster than the decrease in supply. According to the Independent Electricity Market Operator of the Philippines,...
