The Philippine Electricity Market Corporation (PEMC), which serves as a governance body of the Wholesale Electricity Spot Market (WESM), will have its new President, as Atty Oscar E. Ala will already retire from the post. Industry sources hinted that Ala already declined nomination to become part...
The generation companies (GenCos) which primarily caused the brownout-incidents in Luzon grid this year will face another round of investigation at the Senate this week. According to Senate Committee on Energy Chairman Sherwin T. Gatchalian, the focus of investigation on Thursday (June 17) will be...
Distribution utilities (DUs) as well as retail buyers of electricity can soon opt for demand-side bidding at a price that they prefer once that is introduced as a new trading mechanism in the Wholesale Electricity Spot Market. According to Julius Bunyi, manager for Corporate Strategy and Program...
Customers of Manila Electric Company (Meralco) will have to burden additional P0.0798 per kilowatt hour (kWh) in their June electric bills, and that’s driven mainly by higher charges for supply procured from the Wholesale Electricity Spot Market. For those in the 200-kWh consumption base, the...
At least five power plants in various parts of the country had logged more than 100 days of forced outages, a duration even longer than a ‘honeymoon period’ being accorded by Filipino citizens to a new President of the Philippines. The five plants identified by the Energy Regulatory Commission...
As a remedy to the recurring problem of scant power reserves that subsequently results in higher electric bills or brownouts, the Wholesale Electricity Spot Market (WESM) will start integrating ancillary services (AS) or power reserves in its trading activities by December. According to Assistant...
The Independent Electricity Market Operator of the Philippines (IEMOP), which is the entity operating the Wholesale Electricity Spot Market (WESM), has been seeing uptrend in the country’s electricity demand. According to Robinson Descanzo, chief operating officer of IEMOP, the rise in power...
With the triple impact of increasing demand due to scorching weather as well as wider economic reopening, relentless outages in power plants and restriction of gas fuel from the Malampaya field, consumers will need to brace for higher electric bills again in their June bills. According to Manila...
The Department of Energy has finally approved the long-awaited shorter trading interval for the Wholesale Electricity Spot Market to start next month. The short trading interval, from one hour to 5 minutes, will go “live” or be in commercial operation starting June 26. However, the energy...
Norwegian companies that are interested to inject fresh capital into the country’s renewable energy (RE) sector have been batting for the easing of legal restraints on foreign ownership, primarily on solar and wind installations. In a virtual launch of the Report on RE Opportunities in the...
The Philippine Electricity Market Corporation (PEMC), which regulates the Wholesale Electricity Spot Market (WESM), is seeking approval for an additional spot market transaction fees to be slapped to participants of the Renewable Energy Market (REM) to support operational expenses. In its filing...
Despite stifled demand because of the re-imposition of enhanced community quarantine (ECQ) in the so-called NCR plus bubble, prices in the Wholesale Electricity Spot Market (WESM) have been hitting record-spikes in recent trading days because of the combined impact of simultaneous power plant...
