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...
Independent Electricity Market Operator of the Philippines (IEMOP) won the tug-of-war as to which entity shall be finally authorized to operate the Renewable Energy Market (RE Market), a platform that will be used for the trading of RE certificates. According to IEMOP President Richard J....
Customers of Manila Electric Company (Meralco) can temporarily heave a sigh of relief because their electric bills this month will have a reduction of P0.1180 per kilowatt hour (kWh). As announced by Meralco, the rate decline resulted in an all-inclusive tariff of P11.3168 per kWh to be reflected...
The summer heat will somehow be eased, as customers of Manila Electric Company (Meralco) are expected to enjoy reduction in their electric bills this month. There was preliminary expectation of a rate hike, but in the final computation, there were factors that ended up pulling down the overall cost...
The Energy Regulatory Commission (ERC) has admitted weakness in investigating anti-competitive behavior, especially for company participants that are trading their generated capacities in the Wholesale Electricity Spot Market (WESM). Given this difficulty in its market policing power, ERC...
A spike in the secondary price cap for the Wholesale Electricity Spot Market (WESM) to the tune of P10,000 to P15,000 per megawatt hour (MWh) - or equivalent P10-P15 per kilowatt hour) - has been proposed by the generation companies (GenCos) to the Energy Regulatory Commission (ERC), according to...
President Ferdinand "Bongbong" Marcos Jr. is confident that the launching of the Wholesale Electricity Spot Market (WESM) in Mindanao will prop up investments and economic activity in the region that would eventually translate to more jobs. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy...
In its latest biennial report in December 2022, the European Commission’s Counterfeit and Piracy Watch List identified the Baclaran, Cartimar, Divisoria and Greenhills markets in Metro Manila, Philippines as offering a wide range of counterfeit goods on retail and wholesale basis. This is the...
