June 25, 2021

PEMC asked to stop electricity adjustment rates

By Alena Mae S. Flores – June 24, 2021 at 07:35 pm from manilastandard.net The Energy Regulatory Commission ordered Philippine Electricity Market Corp. Thursday to defer the collection of the so-called Net Settlement Surplus adjustments of about P0.20 per kilowatt-hour […]
June 25, 2021

Melchor Ridulme named NAPOCOR OIC

By Jordeene B. Lagare – June 24, 2021 from The Manila Times THE National Power Corp. (Napocor) has appointed Melchor Paz Ridulme as officer-in-charge (OIC) following the demise of Napocor President and Chief Executive Officer (CEO) Pio Benavidez. Ridulme, Napocor’s […]
June 25, 2021

DoE to regulate reserve power procurement, require 5-year forecasts from NGCP

By Angelica Y. Yang – June 23, 2021 | 9:09 pm from Business World THE Department of Energy (DoE) said it will set a competitive process for the grid operator’s procurement of reserve power, known as ancillary services (AS), and […]
June 24, 2021

Drop in power demand cuts spot market prices–IEMOP

BY LENIE LECTURA – JUNE 23, 2021 from Business Mirror The average Wholesale Electricity Spot Market (WESM) price dropped to P6.53 per kilowatt hour (kWh) from June 1 to 20 as demand for electricity eased compared to last month. “For […]