June spot market rates retreat
Electricity prices in the Wholesale Electricity Spot Market dropped to P3.86/kWh in June as cooler weather reduced demand and supply remained stable, according…
· 1 MIN READ
Topic
WESM
Latest Daily Tribune news and analysis on WESM.
WESM prices decline in May
Electricity prices in the Wholesale Electricity Spot Market (WESM) dropped by 11% in May to P4.01/kWh, driven by higher power supply outpacing demand,…
· 2 MIN READ
Metro Cebu electricity rate reduced
Visayan Electric announces a P0.62 per kWh rate reduction for May and June, lowering residential rates to P11.16 per kWh. The decrease is attributed to lower…
· 1 MIN READ
Steady WESM prices seen amid ample supply
The Independent Electricity Market Operator of the Philippines forecasts stable electricity prices at WESM in the coming months, supported by ample supply,…
· 2 MIN READ
Negative WESM prices cut gen charge
‘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
Limited power plants blamed in Cebu mess
The decommissioning of baseload power plants in Naga, Cebu has led to electricity shortages. Advocates call for a Third Party Bids and Awards Committee to…
· 2 MIN READ
CREC profit climbs 11 percent in 2024
Citicore Renewable Energy Corp. (CREC) reported an 11% rise in net income to P1 billion in 2024, driven by a 42% surge in electricity sales and expanding…
· 1 MIN READ
January power rates cut likely
‘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
October rate slash breaks 3-month hikes
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