July 4, 2024

June WESM prices softened 24% as rainy season starts

By Alena Mae S. Flores – July 3, 2024, 7:15 pm from manilastandard.net Preliminary rates at the Wholesale Electricity Spot Market (WESM) softened in June 2024 by 25 percent with the onset of the rainy season which brought cooler temperatures. […]
June 25, 2024

Reserve market likely to reopen in July, says ERC

By Alena Mae S. Flores – June 24, 2024, 7:35 pm from manilastandard.net ERC Chairperson Monalisa Dimalanta The Energy Regulatory Commission (ERC) plans to resume the commercial operations of the reserve market in July 2024 as electricity prices are expected to […]
June 22, 2024

WESM governance body elects new board, officers

BY MYRNA M. VELASCO – Jun 22, 2024 08:52 AM from Manila Bulletin AT A GLANCE Part of PEMC’s major accomplishment has been concretizing the operationalization of the Renewable Energy Market (REM), a market mechanism that will institutionalize the trading […]
June 15, 2024

June Meralco rates jump amid higher generation charge

By Sheldeen Joy Talavera – June 14, 2024 | 12:33 am from Business World A lineman repairs a broken wire on an electric post in Manila, April 4, 2024. — PHILIPPINE STAR/RYAN BALDEMOR TYPICAL HOUSEHOLDS in areas served by Manila Electric […]