The power retailing segment of the restructured electricity sector still crowned power giant Manila Electric Company (Meralco) as the biggest player with 37-percent market share, according to a report of the Department of Energy. The other players that have been elbowing Meralco in the competitive...
The Energy Regulatory Commission (ERC) is prodded to impose penalties against the generation companies (GenCos) that have caused unwarranted rate hikes during the power supply-strained summer months. That has been the demand of several consumer groups, led by the Power for People Coalition (P4P),...
An official of the Department of Energy (DOE), who reportedly resigned recently from his post, is well anticipated by power industry players as the next president of the Philippine Electricity Market Corporation (PEMC), which is the governance body of the Wholesale Electricity Spot Market (WESM)....
The participation of businesses or companies with self-generating assets is being sought, so they can switch on their own facilities when electricity supply in the grid would run tight in the coming weeks. This particular plea was put forward by the Energy Regulatory Commission (ERC); and to...
Consumer group Power for People Coalition (P4P) has welcomed the amendments being pushed by the Energy Regulatory Commission (ERC) on the implementation of price mitigation measures in the wholesale electricity spot market (WESM). (Photo by Hey Porter/ Unsplash) The group acknowledged in a...
The Energy Regulatory Commission (ERC) has stipulated that it will zero in investigations on generation companies (GenCos) that may have raked in “financial gains” from the series of price spikes in the Wholesale Electricity Spot Market (WESM) when Luzon grid supply had been extremely strained...
The Energy Regulatory Commission (ERC) has shortened to three days or 72 hours – from originally five days or 120 hours –the time threshold on when the secondary price cap (SPC) of P6.245 per kilowatt hour (kWh) shall be enforced in cases of recurring price spikes for traded capacity in the...
The power supply crisis in Luzon has been crucifying the customers of electric cooperatives (ECs) who had to suffer rate spikes of up to P1.30 per kilowatt hour (kWh) in their electric bills. That was based on the pronouncement of the Philippine Rural Electric Cooperatives Association Inc....
The Independent Electricity Market Operator of the Philippines (IEMOP) is enforcing triggers to potential ‘red flags’ it has been tracking on the operation of the Wholesale Electricity Spot Market (WESM) – be that on unusual price spikes or in cases when capacity being traded would...
An independent investigation by the Anti-Red Tape Authority (ARTA) is being sought on the forced outages of power plants that caused the May 31-June 1 rotating blackouts as well as hikes in electric bills this June. The proposal was put forward by the advocacy group Laban Konsyumer Inc. (LKI);...
The Philippine Electricity Market Corporation (PEMC), which is the governance body overseeing the Wholesale Electricity Spot Market (PEMC), has been ordered to defer the collection of at least P0.20 per kilowatt hour (kWh) adjustment on its net settlement surplus (NSS) charges. The ruling, which...
The Independent Electricity Market Operator of the Philippines (IEMOP) admitted that it is “clueless” whether investigations had been done by the market surveillance committee (MSC) of the Wholesale Electricity Spot Market (WESM) or the regulators on the recurrent price spikes that happened...
