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...
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...
Prior to trading resumption in the reserve market, the Department of Energy (DOE) has instructed the operator of the Wholesale Electricity Spot Market (WESM) to issue guidelines on the synchronization of dispatch intervals for both traded energy capacities and ancillary services for an efficient...
The Energy Regulatory Commission (ERC) has finally lifted the suspension it earlier imposed on the settlement of traded capacities in the co-optimized reserve market, hence, consumers will have to brace for added cost burden in their forthcoming electric bills. With the lifting of the settlement...
