The summer heat will somehow be eased, as customers of Manila Electric Company (Meralco) are expected to enjoy reduction in their electric bills this month. There was preliminary expectation of a rate hike, but in the final computation, there were factors that ended up pulling down the overall cost...
The Energy Regulatory Commission (ERC) has admitted weakness in investigating anti-competitive behavior, especially for company participants that are trading their generated capacities in the Wholesale Electricity Spot Market (WESM). Given this difficulty in its market policing power, ERC...
A spike in the secondary price cap for the Wholesale Electricity Spot Market (WESM) to the tune of P10,000 to P15,000 per megawatt hour (MWh) - or equivalent P10-P15 per kilowatt hour) - has been proposed by the generation companies (GenCos) to the Energy Regulatory Commission (ERC), according to...
In discussion with the Private Sector Advisory Council (PSAC), President Ferdinand Marcos Jr. has tackled issues in the processing of permits for energy projects which have always been the biggest headache for investors, especially foreign firms that are not familiar with the socio-political terrain...
Settlement prices at the Wholesale Electricity Spot Market (WESM) climbed by roughly P1.36 per kilowatt hour (kWh) on average on the two-week duration of the Malampaya gas production facility shutdown, according to a monitoring report by power utility giant Manila Electric Company. The power...
The Energy Regulatory Commission (ERC) is reviewing the appeal of generation companies (GenCos) for possible upward adjustment in the secondary price cap (SPC) of the Wholesale Electricity Spot Market (WESM) as existing rate could no longer support warranted return on investments (ROIs) if they...
Meralco rates to go down very slightly this February By MYRNA M. VELASCO There will be very marginal reduction of P0.0106 per kilowatt hour (kWh) in the electric bills of Meralco customers this month mainly due to the downtrend in the generation charge component of the unbundled electric bills. The...
The scheduled repricing of the Malampaya gas on contracted power capacity being delivered to Manila Electric Company (Meralco) is seen tempering the utility firm’s projected upward adjustment in electric bills for February billing cycle. According to Meralco Vice President and Spokesperson Joe...
After roughly eight years of delay and three government administrations, the Wholesale Electricity Spot Market (WESM) in Mindanao finally gained traction on its commercial operations phase on January 26 this year. In an advisory to the trading participants, the market operator indicated that the...
The comparatively expensive replacement power capacities secured from a power plant of the Aboitiz group and hefty purchases from the Wholesale Electricity Spot Market (WESM) had partly driven up the overall electricity rate of Manila Electric Company (Meralco), as rates went up by P0.6232 per...
The timely intervention of the energy investment unit of San Miguel Corporation (SMC) by providing an "emergency power supply" to Albay Electric Cooperative (ALECO) has prevented the cooperative and its customers from grid and power supply disconnection for the next 12 months, at least. In a...
Customers of Manila Electric Company (Meralco) will not experience relief in their electric bills this month, as the utility firm’s overall tariff will go up by P0.3297 per kWh to P10.2769 per kWh from last month’s P9.9472 per kWh. That upward adjustment will then result in overall increase of...
