The Independent Electricity Market Operator of the Philippines (IEMOP) announced an 11 percent drop in Wholesale Electricity Spot Market (WESM) prices in May. IEMOP data, released on Tuesday, June 3, showed that the average price eased to ₱4.01 per kilowatt-hour (kWh), while the system supply...
ILOILO CITY—Companies under the Razon group have the cheapest rate in the islands of Panay and Negros. In a recent power forum in Iloilo City, it was found out that MORE Electric and Power Corp. (MORE Power) and Negros Electric and Power Corp. (Negros Power) have lower rates for residential...
The Independent Electricity Market Operator of the Philippines (IEMOP) has assured that the Wholesale Electricity Spot Market (WESM) will see stable prices even after the 2025 midterm elections. In a briefing on Tuesday, May 6, Isidro Cacho Jr., IEMOP head of trading operations stated that the...
The hot summer season is indeed approaching as the Independent Electricity Market Operator of the Philippines (IEMOP) reported a spike in wholesale electricity spot market (WESM) prices in March. IEMOP data on Thursday, April 3, revealed that the average WESM price last month stood at ₱5.34 per...
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...
President Marcos has authorized the reduction and condonation of real property taxes and penalties on power generation facilities of Independent Power Producers (IPPs) under build-operate-transfer contracts with Government-Owned-or-Controlled Corporations (GOCCs). (Noel Pabalate/MANILA BULLETIN)...
In their bid for a Senate comeback, former senators Bam Aquino and Kiko Pangilinan are now running as independents, officially dropping the opposition tag that has been linked to their names since the previous administration. Senatorial aspirant Bam Aquino speaks to the media during the...
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,...
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...
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) 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...
