More than 7.0 million customers of Manila Electric Company (Meralco) will experience squeeze in their household budgets as the electricity tariff of the power utility will rise by P0.5006 per kilowatt hour (kWh) in its September billing cycle. The rate hike will drive up Meralco’s overall...
Cooler temperatures in the past weeks have dampened overall electricity demand benefitting customers of Manila Electric Company (Meralco) with P0.2908 per kilowatt hour (kWh) rate reduction in their August bills. Relative to the rate downtrend, the utility firm said that residential end-users in...
More than 7.7 million customers of Manila Electric Company (Meralco) will likely experience relief in their power bills this August, as the utility firm is anticipating downtrend in its overall rate in this billing cycle. “While we have yet to receive the final billings from our suppliers, we...
Cooler temperatures have been significantly driving down prices in the Wholesale Electricity Spot Market (WESM). WESM operator Independent Electricity Market Operator of the Philippines (IEMOP) primarily indicated that there was a “notable decline in electricity spot prices in the Luzon and...
More than seven million customers of power utility giant Manila Electric Company (Meralco) will feel relief in their pockets this month, as the tariffs pass-on of the company is highly anticipated to go down in the July billing cycle. According to Meralco Vice President and Head of Corporate...
The single settlement system for capacities traded via the Wholesale Electricity Spot Market (WESM) across all grids will kick-off in the May billing cycle, the Department of Energy (DOE) said. In an advisory issued this month, Energy Secretary Raphael P.M. Lotilla stipulated that WESM’s shift...
On top of the double whammy of rotational brownouts and scorching heat, consumers of Manila Electric Company (Meralco) will be distressed with additional financial burden as its rates will go up by P0.1761 per kilowatt hour (kWh) in this May billing. For roughly 70-percent of the utility firm’s...
The recurring spikes in prices at the Wholesale Electricity Spot Market (WESM) will drive up the electricity rates that will be passed on to roughly 7.5 million customers of Manila Electric Company (Meralco) in their May billing cycle. According to Meralco Vice President and Head of Corporate...
The Energy Regulatory Commission (ERC) is requiring system operator National Grid Corporation of the Philippines (NGCP) to submit data on contracted capacities to be awarded for its ancillary services (AS) procurements, to help assess cost impact on consumers. “We are asking them (NGCP) for the...
Consunji-led Semirara Mining and Power Corporation (SMPC), the country's largest producer of coal, is diversifying into liquefied natural gas (LNG) for the power generation segment of its business amid strong environmental, social, and governmental (ESG) pressures, according to the conglomerate’s...
The Philippine Electricity Market Corporation (PEMC) and Independent Electricity Market Corporation of the Philippines (IEMOP) said they have clearly "demarcated" the respective functions of each entity in the operation of the Renewable Energy Market (REM), which will serve as added layer of...
The Energy Regulatory Commission (ERC) has been discussing with the Independent Electricity Market Operator of the Philippines (IEMOP) the proposed measures for the pass-on of P22.64 billion worth of deferred charges which accumulated in 2013 following strained supply in the Luzon grid due to...
