Philippine Electricity Market Corporation (PEMC) – Page 4

January 14, 2020

Published by admin at January 14, 2020

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New president named for WESM operating entity

By Myrna M. Velasco – January 13, 2020, 10:00 PM from Manila Bulletin The operating entity of the Wholesale Electricity Spot Market (WESM) has a new president in lawyer Richard Nethercott — already the third one to serve at the […]

August 10, 2019

Published by admin at August 10, 2019

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WESM operator directed to refund P1.77 B by ERC

By Myrna M. Velasco – August 9, 2019, 10:00 PM from Manila Bulletin The operator of the Wholesale Electricity Spot Market (WESM) has been directed to refund P1.774 billion to its trading participants; due to “miscalculation” in the net settlement […]

April 26, 2019

Published by admin at April 26, 2019

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WESM prices spike by P1.523/kwh after brownouts

By Myrna M. Velasco – April 25, 2019, 10:00 PM from Manila Bulletin After recurrence of rotating brownouts this month, consumers will have to suffer in their next billing roughly P1.523 per kilowatt hour (kwh) surge in rates due to […]

August 4, 2018

Published by admin at August 4, 2018

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PEMC, IEMOP fleshing out details of WESM operating agreement

By Myrna M. Velasco – August 3, 2018, 10:00 PM from Manila Bulletin With the government finally relinquishing chairmanship to the private sector, governing body Philippine Electricity Market Corporation (PEMC) and Independent Electricity Market Operator of the Philippines (IEMOP) are […]