March 6, 2025

Hot weather lifts power prices at spot market

By Alena Mae S. Flores – March 5, 2025, 8:15 pm from manilastandard.net The Independent Electricity Market Operator of the Philippines (IEMOP) reported a surge in the average price at the Wholesale Electricity Spot Market (WESM) this week. The IEMOP […]
March 5, 2025

Increased power supply drives down WESM prices in February

By Gabriell Christel Galang – Mar 5, 2025 10:10 AM from Manila Bulletin The Independent Electricity Market Operator of the Philippines (IEMOP) reported a decline in Wholesale Electricity Spot Market (WESM) prices in February due to increased supply in the […]
February 21, 2025

AboitizPower shutting down aging Naga power plants

By Sheldeen Joy Talavera – February 21, 2025 | 12:08 am from Business World ABOITIZPOWER.COM ABOITIZ POWER Corp. (AboitizPower) said it will shut down two fossil fuel power plants in Naga City, Cebu, with a combined capacity of 45.08 megawatts […]
December 26, 2024

ERC caps reserve market price at P25/kilowatt-hour

By Sheldeen Joy Talavera – December 26, 2024 | 12:04 am from Business World PHILSTAR FILE PHOTO  THE Energy Regulatory Commission (ERC) has set the ceiling price for the power reserve market at P25 per kilowatt-hour (kWh), subject to review […]