Monday, May 4, 2026
Today's Print

Tag: electricity prices

NGCP reports March transmission rate hike

Power consumers will likely see a slight increase in their April electricity bills following a rise in transmission rates for the March billing period,...

Domestic gas key to lower power costs

The Petroleum Association of the Philippines (PAP) called on power generation companies to maximize the use of domestic natural gas to stabilize electricity prices...

Spot market power prices fell in February

Wholesale electricity prices edged down 1.8 percent in February as a surge in available supply in Luzon offset tighter market conditions in the Visayas...

ERC approves P31.341-billion Meralco cost recovery

The Energy Regulatory Commission (ERC) approved five power supply agreements for Manila Electric Co. involving P31.341 billion in total cost recovery, an amount equivalent...

Power spot market rates to stay below P4 for per kWh

The Independent Electricity Market Operator of the Philippines (IEMOP), operator of the nation’s electricity spot market, expects average rates across the three grids to...

Competitive market ‘greatest shield’ against high power prices—Juan

Energy Regulatory Commission (ERC) chairman Francis Saturnino Juan said Thursday a competitive power market is the "greatest shield against high prices," amid criticism of...

Power Struggle

Members and supporters of the advocacy group Power to the People Coalition in a press briefing in Quezon City, urged the government to address...

Power prices at spot market surge as heat index rises

Average system-wide electricity prices at the Wholesale Electricity Spot Market (WESM) surged to P5.34 per kilowatt-hour in March from P2.73 per kWh in February,...

Senators back energy law amendments

Senator Sherwin Gatchalian said any amendment in the Electric Power Industry Reform Act (EPIRA) should result in lower electricity prices to benefit consumers who...

It’s time to reform power bidding rules and make them transparent

“The CSP ...is far from perfect in its present form and lacks transparency.” Time and again, Filipino consumers receive a shock from higher electricity rates....

June WESM prices softened 24% as rainy season starts

Preliminary rates at the Wholesale Electricity Spot Market (WESM) softened in June 2024 by 25 percent with the onset of the rainy season which...

Reserve market likely to reopen in July, says ERC

The Energy Regulatory Commission (ERC) plans to resume the commercial operations of the reserve market in July 2024 as electricity prices are expected to...

IEMOP reports lower prices at spot market

The Independent Electricity Market Operator of the Philippines which runs the Wholesale Electricity Spot Market (WESM) said Tuesday electricity prices in Luzon declined in...

Meralco sees lower power rates in July as demand declines

Power retailer Manila Electric Co. forecasts electricity prices to go down this month amid to lower demand due to the onset of the rainy...
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