Tuesday, May 19, 2026
Today's Print

Tag: WESM

Higher power demand lifts spot market prices

The Independent Electricity Market Operator of the Philippines said Tuesday electricity demand increased in April amid higher temperature, resulting in slightly higher prices at...

Average electricity spot market prices ease as gas plants reopen

The Independent Electricity Market Operator of the Philippines said Tuesday average electricity prices at the spot market for Luzon and Visayas went down by...

WESM operator proposes more than P1b in market fees

The Independent Electricity Market Operator of the Philippines and the Philippine Electricity Market Corp. asked the Energy Regulatory Commission to approve the proposed market...

WESM launch

President Marcos Jr. leads the launch of the Wholesale Electricity Spot Market (WESM) in Mindanao meant to stabilize the supply of reasonably priced electricity...

Electricity spot market in Mindanao starts operations

The Wholesale Electricity Spot Market in Mindanao started commercial operations on Thursday, according to the Department of Energy. It said in an advisory the Independent...

Meralco to procure supply from spot market as 300-MW GNPower deal ended

Power retailer Manila Electric Co. said Wednesday it would start procuring supply from the Wholesale Electricity Spot Market after its 30-day emergency agreement with...

Meralco says power rates likely to increase due to forex spikes

Manila Electric Co. (Meralco) said Thursday that electricity prices would likely go up this month on higher prices at the spot market and completion...

Spot market electricity prices rose in December on thin supply

Electricity prices at the Wholesale Electricity Spot Market went up slightly in December because of thin supply despite the lower demand. Preliminary effective spot settlement...

Mindanao electricity spot market set to start commercial operations this year

The Wholesale Electricity Spot Market in Mindanao is set to start commercial operations by the end of the year, an official of Mindanao Development...

Global Business Power’s subsidiaries get awards

Two subsidiaries of Global Business Power Corp. received recognition for exemplary compliance with the Wholesale Electricity Spot Market rules. The Philippine Electricity Market Corp., the...

Higher WESM rates expected to push up January power bills

Power rates at the Wholesale Electricity Spot Market increased by more than P1 per kilowatt-hour in December because of plant outages and the derating...

Resumption of Malampaya gas operation leads to lower average price at electricity spot market

The average electricity price at the Wholesale Electricity Spot Market declined this month to P5.20 per kilowatt-hour from P6.51 per kWh in October on...

DOE readies circular on Mindanao WESM

The Department of Energy is preparing a circular that will declare the commercial operation of the Wholesale Electricity Spot Market in the Mindanao grid...

ERC amends WESM preemptive measure

The Energy Regulatory Commission said Wednesday it is amending the pre-emptive mitigating measure in the Wholesale Electricity Spot Market, the trading floor of electricity,...
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