Regional supply crunch drives June power prices up
Electricity consumers could face higher power costs after wholesale electricity prices jumped in June as tighter regional supply and persistent power plant…
· 2 min read
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Electricity consumers could face higher power costs after wholesale electricity prices jumped in June as tighter regional supply and persistent power plant…
· 2 min read
Primelectric Holdings Inc.’s utilities rolled out lower electricity rates in the Visayas this month after tapping into cheaper supply agreements and…
· 1 min read
Consumers of Negros Electric and Power Corp. (Negros Power) will pay lower electricity bills this May after the utility reduced residential power rates on the…
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Recent Philippine Statistics Authority (PSA) data show that wholesale prices in the Philippines are moving unevenly across the country. Nationally, the Global…
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The Energy Regulatory Commission (ERC) is pushing power producers to support its proposed settlement framework and the publication of its Draft Resolution on…
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The Energy Regulatory Commission (ERC) has suspended the Wholesale Electricity Spot Market (WESM), the country's power trading hub, to replace market-driven…
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This year, IEMOP reported a significant drop in average spot market prices, which fell to P4.14 per kilowatt-hour in the first half of 2025 — down 26 percent…
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‘IEMOP should implement a policy framework that ensures defaulters are held accountable and that compliant members are protected from bearing the cost of…
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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…
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The Philippine Retailers Association (PRA) and the Supply Chain Management Association of the Philippines (SCMAP) complement each other in saying that their…
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The Independent Electricity Market Operator of the Philippines (IEMOP) expects the Wholesale Electricity Spot Market (WESM) to remain stable in the coming…
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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…
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‘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…
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According to the ERC, the collection will be staggered over three months for participants in the Luzon and Mindanao Wholesale Electricity Spot Market and six…
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The Department of Trade and Industry (DTI) on Friday signed a memorandum of understanding (MOU) with the Philippine Retailers Association (PRA) and the Supply…
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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…
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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…
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All qualified and registered power producers using renewable energy sources should enjoy the option of preferential dispatch in the Wholesale Electricity Spot…
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