May 28, 2021

IEMOP activates secondary price cap

BY LENIE LECTURA – MAY 28, 2021 from Business Mirror The spike in Wholesale Electricity Spot Market (WESM) rates prompted the Independent Electricity Market Operator of the Philippines (IEMOP) to activate the secondary price cap, a price-mitigating mechanism designed to […]
May 26, 2021

Approval of ASPAs seen boosting power reserves of Mindanao

BY LENIE LECTURA – MAY 26, 2021 from Business Mirror Mindanao is assured of additional power reserves following the Energy Regulatory Commission’s (ERC) approval of Ancillary Services Procurement Agreements (ASPAs) in the first quarter. “These ASPAs are necessary to support […]
May 25, 2021

DoE targets June launch for new WESM setup

By Angelica Y. Yang – May 23, 2021 | 6:23 pm from Business World   THE Department of Energy (DoE) hopes to launch by June 26 various rule changes to the wholesale electricity spot market (WESM), which will reduce the […]
May 24, 2021

Shorter WESM trading interval to start next month – DOE

By Myrna M. Velasco – May 24, 2021, 6:00 AM from Manila Bulletin The Department of Energy has finally approved the long-awaited shorter trading interval for the Wholesale Electricity Spot Market to start next month. The short trading interval, from […]