Senator Rodante Marcoleta has filed a bill seeking to exempt households that consume 135 kilowatt-hours (kWh) or less of electricity each month from paying electric bills. In filing the unnumbered bill, Marcoleta sought to amend the Electric Power Industry Reform Act (EPIRA) to expand and improve...
The Independent Electricity Market Operator of the Philippines (IEMOP) announced that several new power plants, including both renewable and conventional energy facilities, are expected to come online in the second half of 2025.
IEMOP revealed in a media briefing that 14 power projects are...
Senator Rodante Marcoleta has filed a bill seeking to remove the 12 percent value-added tax (VAT) on the sale of electricity at all stages, in an effort to lower power rates and alleviate the financial burden on Filipino households and businesses. “The Philippines remains to be one of the...
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...
ILOILO CITY—Companies under the Razon group have the cheapest rate in the islands of Panay and Negros. In a recent power forum in Iloilo City, it was found out that MORE Electric and Power Corp. (MORE Power) and Negros Electric and Power Corp. (Negros Power) have lower rates for residential...
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...
Consumers should brace themselves for another increase in their electricity bills this month, as Manuel V. Pangilinan-led Manila Electric Co. (Meralco) has announced a power rate hike for April. In a statement on Friday, April 11, Meralco reported a ₱0.7226 per kilowatt-hour (kWh) increase in its...
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...
