Consumers may see an increase in their electricity bills this month after prices on the Wholesale Electricity Spot Market (WESM) surged following recent earthquakes and inclement weather. The Independent Electricity Market Operator of the Philippines (IEMOP) reported on Thursday, Nov. 6, that...
Unplanned and scheduled power plant shutdowns caused a significant spike in prices on the Wholesale Electricity Spot Market (WESM) in August, according to the Independent Electricity Market Operator of the Philippines (IEMOP). In a briefing on Wednesday, Sept. 3, IEMOP reported that the average...
'Tis the season for planned and unexpected power plant outages, as the Independent Electricity Market Operator of the Philippines (IEMOP) reported a three-percent spike in the system average price of the Wholesale Electricity Spot Market (WESM). In a briefing on Wednesday, Aug. 6, IEMOP head...
The Independent Electricity Market Operator of the Philippines (IEMOP) said that consumers do not bear the cost of delinquencies by non-compliant participants in the Wholesale Electricity Spot Market (WESM). In a statement on Tuesday, July 15, IEMOP said that WESM participants are required to...
Now that she’s officially appointed at the “hot seat” of the Department of Energy (DOE), the honeymoon is over from her day one in office as designated Energy Secretary Sharon S. Garin is not exactly a newbie in the sector – so, it’s time for her to deliver electricity consumers’...
The Philippines’ average power costs in June declined by 16 centavos, or 3.9 percent, to ₱3.86 per kilowatt-hour (kWh) from ₱4.02 per kWh in the previous month, as demand dropped faster than the decrease in supply. According to the Independent Electricity Market Operator of the Philippines,...
The Independent Electricity Market Operator of the Philippines (IEMOP) is seeking an additional budget for its market management system (MMS) for the Wholesale Electricity Spot Market (WESM). In a document posted by the Energy Regulatory Commission (ERC), IEMOP is requesting around ₱1.1 billion...
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...
The Energy Regulatory Commission (ERC) reported that generation rates have significantly gone down for the first quarter of 2025 due to lower prices in the Wholesale Electricity Spot Market (WESM). In a statement, the ERC noted that generation charges, which are the cost of generated electricity...
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...
Lopez-led First Gen Corp. (FGen) reported that its first-quarter net income declined by four percent due to lower geothermal output, market price movements, and a lapsed power deal. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, May 6, FGen said its recurring net income during...
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...
