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Tag: power prices

ERC suspends electricity market to ease prices amid Middle East tensions

The Energy Regulatory Commission (ERC) suspended Wholesale Electricity Spot Market (WESM) operations across the country’s three power grids on Thursday to mitigate energy supply...

Power prices at spot market jumped in October on tighter supply margins

The Average systemwide prices at the Wholesale Electricity Spot Market (WESM) surged by P1.50 per kilowatt-hour (kWh) to P4.54 per kWh in October from...

RE auctions to bring down power prices

Electricity prices are seen to significantly go down once the Department of Energy completes the five rounds of Green Energy Auction Program (GEAP), the...

Power prices at spot market fell in August

Average system-wide rates at the Wholesale Electricity Spot Market (WESM) declined in August 2024 by 0.4 percent to P5.94 per kilowatt-hour from P5.97 per...

Belgium, Engie set to extend nuclear reactors’ life amid higher power rates

BRUSSELS—Belgium has agreed on a deal with French energy firm Engie on extending the life of two nuclear reactors for a decade, the two...
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