June spot market rates retreat
Electricity prices in the Wholesale Electricity Spot Market (WESM) dropped in June as supply remained stable and demand declined with the onset of the rainy…
· 1 min read
Daily TribuneTopic
Electricity prices in the Wholesale Electricity Spot Market (WESM) dropped in June as supply remained stable and demand declined with the onset of the rainy…
· 1 min read
‘The price trend from April to May showed a decline, in contrast to the same period in 2024, where prices increased.’
· 2 min read
The average price of electricity in the Wholesale Electricity Spot Market (WESM) fell by 11 percent in May, potentially easing pressure on consumer bills, as…
· 2 min read
Visayan Electric announced a decrease of P0.62 per kilowatt-hour (kWh) in electricity bills for May and June.
· 1 min read
The Independent Electricity Market Operator of the Philippines (IEMOP) expects the Wholesale Electricity Spot Market (WESM) to remain stable in the coming…
· 2 min read
‘We are consistently keeping a close watch on how the electricity market is moving to make sure price signals remain reflective of actual system conditions…
· 2 min read
The decommissioning of baseload power plants due to aging infrastructure of various engine generating units in the City of Naga, Cebu from the previous month…
· 2 min read
Citicore Renewable Energy Corp. (CREC) saw an 11 percent increase in net income to P1 billion in 2024 from P910 million in the previous year due to stronger…
· 1 min read
‘This will be primarily driven by lower WESM (Wholesale Electricity Spot Market) prices due to improved supply situation in the Luzon Grid as both average peak…
· 2 min read
Residential consumers of Visayan Electric in Metro Cebu will benefit from a P2.36/kWh reduction in their October-November bills, bringing the total rate down…
· 1 min read
Meralco has announced a 36-centavo per kilowatt-hour (kWh) reduction in overall electricity rates this month. The improved supply situation in the Luzon grid…
· 1 min read