Tag page - Wholesale Electricity Spot Market

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Malampaya gas restriction hiked Meralco rates by P0.69/kWh
The recurring gas restriction dilemma of the Malampaya field significantly accounted for the higher electric bills paid for by the customers of Manila Electric Co. (Meralco) this year. Meralco said that of the aggregate P1.04 per kilowatt hour (kWh) rate hikes implemented in series this year, about...
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RE market commercial operations deferred
The commercial operations of the country’s Renewable Energy Market (REM) for on-grid installations had been re-scheduled to June next year -- factoring in a one-year delay because of the continued pummeling of the health crisis, according to the Department of Energy....
Manila Bulletin

Plant outages, gas restriction cause new spikes in power rates
New wave of power plant outages and the recent gas output restriction at the Malampaya field triggered new round of spikes in prices at the Wholesale Electricity Spot Market (WESM), which will be subsequently passed on as rate hike in the consumers’ electric bills for October. In a virtual...
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