Friday, May 15, 2026
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Tag: WESM

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...

Power market reopens in quake-hit Bohol, Leyte

The Energy Regulatory Commission (ERC) has ordered the resumption of operations of the Wholesale Electricity Spot Market (WESM) in the Bohol and Leyte-Samar sub-grids...

San Miguel power affiliate cleared of outage violations

San Miguel Global Power Holdings Corp. (SMGP) said Wednesday its affiliate, South Premiere Power Corp. (SPPC), has been cleared of any violations related to...

Weak peso pushed up August power rates, says Meralco

Consumers of Manila Electric Co (Meralco) will see higher power rates in August, with an increase of P0.6268 per kilowatt-hour (kWh) due to higher...

Electricity spot prices increased in July—IEMOP

Average system-wide prices at the Wholesale Electricity Spot Market (WESM) rose slightly to P3.99 per kilowatt-hour (kWh) in July from P3.86 per kWh in...

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....

Electricity prices at spot market dropped in first half amid improved supply

Electricity prices in the Wholesale Electricity Spot Market (WESM) dropped in the first half of 2025 on improved supply margins, growing renewable energy investments...

Unpaid WESM fees not passed on to consumers

The Independent Electricity Market Operator of the Philippines (IEMOP) assured the public that any unpaid fees at the Wholesale Electricity Spot Market (WESM) are...

PCCI flags WESM payment defaults

The Philippine Chamber of Commerce and Industry (PCCI) asked the Energy Regulatory Commission (ERC) and the Independent Electricity Market Operator of the Philippines (IEMOP)...

June power rates declinedP0.11 per kWh, says Meralco

Manila Electric Co. (Meralco) announced Wednesday a reduction in power rates by P0.1076 per kilowatt-hour in June, bringing down the overall rate for a...

WESM operator seeks ERC nod for additional P1-b fees

The Independent Electricity Market Operator of the Philippines, Inc. (IEMOP), operator of the Wholesale Electricity Spot Market (WESM), is asking provisional approval from the...

Meralco warns of higher power generation, transmission charges

Power retailer Manila Electric Co. (Meralco) warned of possible higher generation and transmission charges that would translate into an increase in consumers’ electricity bills...

Hot weather lifts power prices at spot market

The Independent Electricity Market Operator of the Philippines (IEMOP) reported a surge in the average price at the Wholesale Electricity Spot Market (WESM) this...

WESM prices declined 14.3% in January

The average system-wide electricity rates at the Wholesale Electricity Spot Market went down by 14.3 percent to P2.96 per kilowatt-hour from P3.45 per kWh...
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