Wholesale Electricity Spot Market (WESM) – Page 101

May 20, 2020

Published by admin at May 20, 2020

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First Gen recurring earnings decline 15% to P3.3 billion

By Myrna M. Velasco – May 19, 2020, 10:00 PM from Manila Bulletin The recurring earnings of First Gen Corporation dropped 15-percent to P3.3 billion (US$65 million) in the first quarter versus a more upbeat P4.0 billion (US$77 million) in […]

May 12, 2020

Published by admin at May 12, 2020

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Semirara income falls 43% to P1.2 B

By Myrna M. Velasco – May 11, 2020, 10:00 PM from Manila Bulletin With the combined effect of reduced coal sales and cheaper energy prices, the net income after tax (NIAT) of Consunji-led Semirara Mining and Power Corporation (SMPC) had […]

May 8, 2020

Published by admin at May 8, 2020

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Delays in coal deliveries to trigger power rate spikes

By Myrna M. Velasco – Updated May 8, 2020, 8:23 AM from Manila Bulletin The operator of the Wholesale Electricity Spot Market (WESM) has sounded off that “restriction of supply” from coal plants may drive up electricity prices in the […]

May 5, 2020

Published by admin at May 5, 2020

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Spot prices in electricity market down to P1.50/kwh

By Alena Mae S. Flores – May 04, 2020 at 09:30 pm from manilastandard.net Average prices at the electricity spot market dropped to as low as P1.50 per kilowatt-hour in April, the lowest recorded, due to low demand during the […]