Tag: #Wholesale Electricity Spot Market (WESM)

  • WESM logo
    Business

    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.