Saturday, May 2, 2026
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Tag: Independent Electricity Market Operator of the Philippines

Renewable energy transition inevitable; Muntinlupa water crisis is getting worse

… renewable energy sources in the Philippines could translate into a 30-percent discount in electricity prices. The conflict in Iran and other parts of the...

Nethercott joins Razon’s Primelectric

Richard Nethercott, the former president and chief executive of the Independent Electricity Market Operator of the Philippines (IEMOP), has joined billionaire Enrique Razon Jr.’s...

Electricity spot market firm PEMC delisted as GOCC

The Governance Commission for Government-Owned or Controlled Corporations (GCG) has excluded the Philippine Electricity Market Corp. (PEMC) from the coverage of Republic Act No....

Power rates likely unchanged in May on stable supply margin

The Independent Electricity Market Operator of the Philippines (IEMOP) expects spot market power rates in May 2025 to remain around April’s level of P4...

MGEN Outlines Path to Low Carbon Future

Cagayan de Oro City, Philippines – Meralco PowerGen Corporation (MGEN) reaffirmed its commitment to the country’s clean energy transition at the 2025 Philippine Electric...

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,...

NEA chief credits power market operator for rural electricity stability

The head of the National Electrification Administration (NEA) on Wednesday lauded the Independent Electricity Market Operator of the Philippines (IEMOP) for its role in...

IEMOP trades over 46,000 RE certificates

The Independent Electricity Market Operator of the Philippines (IEMOP) said Tuesday some 46,634 renewable energy certificates (RECs) amounting to P9.68 million were traded in...

Spot market power rates soared in April

System-wide electricity spot market prices increased by P1.37 per kilowatt-hour to P6.90 per kWh in April from P5.53 per kWh in March following the...

Power market prices up due to outages, says market operator

Power rates showed an increase when the red and yellow alerts were imposed in the Luzon and Visayas grids last week due to insufficient...

Power rate increases expected in hot dry months starting April

The Independent Electricity Market Operator of the Philippines (IEMOP) expects prices at the electricity spot market to increase to a range of P5 to...

WESM prices seen going down in December amid low demand

The average system-wide prices at the Wholesale Electricity Spot Market (WESM) will likely stay at P3.90 per kilowatt-hour (kWh) for the December billing month,...

Luzon power rates increase in October

Luzon electricity spot market prices soared in the first half of October to as high as P7.58 per kilowatt-hour (kWh) or an increase of P2.71...

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...
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