The Independent Electricity Market Operator of the Philippines (IEMOP) reported a minimal increase in Wholesale Electricity Spot Market (WESM) prices in November. IEMOP data showed a two percent decrease in both average supply and demand. Supply dropped from 19,897 megawatts (MW) to 19,492 MW,...
Power retailer Manila Electric Company (Meralco) announced a P0.4274 per kilowatt-hour (kWh) increase in electricity rates for November, bringing the overall rate to P11.8569 per kWh from October's P11.4295 per kWh. In a briefing, Joe Zaldarriaga, Meralco vice president and head of corporate...
The Independent Electricity Market Operator of the Philippines (IEMOP) is preparing for the launch of the renewable energy (RE) market, aiming to start commercial operations by next month. In a briefing on Thursday, Nov. 7, Arjon Valencia, IEMOP corporate planning and communications manager,...
The Independent Electricity Market Operator of the Philippines (IEMOP) reported an increase in the average electricity prices in October due to a slight hike in demand. During a media briefing on Tuesday, Nov. 5, the IEMOP noted that last month saw a significant increase in the Wholesale...
ACT Teachers Party-list Rep. France Castro (Facebook) ACT Teachers Party-list Rep. France Castro wants electricity bills waived for households severely affected by typhoon “Kristine”, as she highlights the need for “compassionate policies” to...
President Marcos has directed the Energy Regulatory Commission (ERC) to study the possible implementation of temporary relief on electricity bill payments in areas under state of calamity due to Severe Tropical Storm (STS) Kristine. Residents of Vista Verde Executive Village in Cainta, Rizal use...
After this week’s first Commission meeting under Officer-in-Charge Chairperson and CEO Jesse Hermogenes Andres, the Energy Regulatory Commission (ERC) has agreed to expedite approvals of the certificates of compliance (COCs) or the licenses needed by new power plants to start generating...
Client-awardees of the Renewable Energy Enabler Awards (REENA) bestowed by ACEN Managing Director and COO for Philippine Operations Miguel de Jesus and Ayala Corporation Chief Sustainability and Risk Officer Jaime Urquijo. A scion of the Zobel-led conglomerate has called on businesses...
Lopez-led First Gen Corporation will supply geothermal-generated electricity to global cement firm Holcim for the operation of its manufacturing plants in Mindanao. That green power supply draw will be a key component of the latter’s decarbonization journey. In the power supply agreement (PSA)...
Lopez-led First Gen Corporation is stepping up competition in retail market space of the power industry, as it is strategically gearing up to reign as ‘green solutions provider’ to commercial and industrial (C&I) end-users that are advancing their net zero and sustainability goals. At the...
There’s still no way out for many consumers on upturn in their electric bills, as the pass-on tariff of power utility giant Manila Electric Company (Meralco) will slightly go up by P0.0327 per kilowatt hour (kWh) in this August billing cycle. Following that upward adjustment, the overall rate to...
The substantial delay in the regulatory approval of power supply agreements (PSAs) was among the factors blamed in the never-ending high electricity rates burden of the Filipino consumers – and that had been particularly manifest in this year’s summer months because many power utilities were...
