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...
With cyclical temperature rise, the operator of the Wholesale Electricity Spot Market (WESM) is forecasting demand increases during the summer months, primarily around April to May this year. Nevertheless, according to Engineer John Paul Grayda, manager for pricing validation and analysis of...
The Department of Energy (DOE) has directed power firms to prepare ‘contingency measures’ to guarantee uninterrupted power supply in Visayas and Mindanao, especially during the summer months and on the anticipated rollout of the Covid-19 vaccines. The energy department has already convened key...
The Energy Regulatory Commission (ERC) was able to reclaim jurisdiction over hearings and investigation of cases of anti-competitive behavior or collusion raps against the power generation companies. According to Atty. Maria Corazon C. Gines, director of ERC’s Legal Services, the Supreme Court...
As summer months approach, the governing body of the Wholesale Electricity Spot Market (WESM) has formed a Compliance Committee to keep a tighter watch on strict compliance of trading participants in the country’s electricity spot market. According to WESM governing body Philippine Electricity...
The interface of the information technology (IT) platform for the permitting of energy projects under the Energy Virtual One-Stop Shop (EVOSS) is targeted for completion this year, according to the Department of Energy. The initial interface, according to Michael Sinocruz, chief of the DOE’s...
A new price determination methodology (PDM) has been instituted for the Wholesale Electricity Spot Market (WESM) in its shift to shorter five-minute trading interval that is targeted for enforcement middle of this year. The Energy Regulatory Commission (ERC) approved the new pricing methodology...
Filipino consumers will likely have an extended “financial respite” in their next electricity bill, as price trends point to continued softening of prices in the Wholesale Electricity Spot Market. In a briefing with the media, Engineer John Paul Grayda, manager for Pricing Validation and...
Customers of Manila Electric Company (Meralco) will not need to be anxious on their December electricity bills, as initial forecast point to “flattish rate” or there could be very slight cost movement in the overall tariff. “Initial data suggests that generation costs for December will be...
