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 […]
June 14, 2024

ERC approves staggered payment for DU purchases at WESM

By Alena Mae S. Flores – June 13, 2024, 7:25 pm from manilastandard.net The Energy Regulatory Commission (ERC) on Thursday approved the staggered payment of Wholesale Electricity Spot Market (WESM) purchases by distribution utilities (DUs) for four months starting in […]
May 22, 2024

Prices at electricity spot market increased P1 per kWh in May

By Alena Mae S. Flores – May 21, 2024, 9:10 pm from manilastandard.net The Independent Electricity Market Operator of the Philippines (IEMOP) said Tuesday the system-wide average electricity prices at the Wholesale Electricity Spot Market (WESM) soared to P7.85 per […]