Friday, May 1, 2026
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Tag: Wholesale Electricity Spot Market

PCC: Vertical integration hampers RES competition

Philippine Competition Commission (PCC) said structural advantages held by retail electricity suppliers (RES) affiliated with power generators and barriers to customer switching are limiting...

Financial firm proposes hedging to curb power ‘bill shock’

Green Tiger Markets proposed the use of financial hedging for distribution utilities to prevent sudden spikes in electricity prices and reduce the exposure of...

ERC raises secondary wholesale power price cap to P7.423 per kWh

The Energy Regulatory Commission (ERC) has raised the secondary price cap (SPC) in the Wholesale Electricity Spot Market (WESM) to P7.423 per kilowatt-hour (kWh)...

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...

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 grid stabilizes with new reserve market, drastically cutting supply alerts

The Philippine Electricity Market Corp. (PEMC) said Thursday the implementation of a reserve market has drastically reduced red and yellow grid alerts, a sign...

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 prices at spot market eased in May amid higher supply

System-wide average prices at the Wholesale Electricity Spot Market (WESM) declined by P0.51 per kilowatt-hour, or 11.2 percent, in May 2025 on higher supply...

Election power

ELECTION POWER. The Independent Electricity Spot Market Operations of the Philippines (IEMOP), operator of the Wholesale Electricity Spot Market, monitors power supply and demand...

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,...

Alsons’ 2024 net income climbed 11% to P2.53b on high electricity demand

Alsons Consolidated Resources Inc., the publicly-listed company of the Alcantara Group, reported an 11-percent increase in its 2024 net income to P2.53 billion from...

IEMOP: WESM rates rise amid lower supply margins

The average system-wide electricity prices at the Wholesale Electricity Spot Market (WESM) increased rose 6 percent to P4.42 per kilowatt-hour (kWh) from P4.39 per...

WESM compliance

Jobin-SQM Inc. (JSI), a subsidiary of Emerging Power Inc. (EPI), the renewable energy arm of Nickel Asia Corp. (NAC), is ranked second of 58...

Power rates likely lower in August — Meralco

Power generation charges likely decreased this month on lower demand and better supply, power retailer Manila Electric Co. said Thursday. “While we have yet to...
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