Sunday, May 3, 2026
Today's Print

Tag: Wholesale Electricity Spot Market

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...

Reserve market likely to reopen in July, says ERC

The Energy Regulatory Commission (ERC) plans to resume the commercial operations of the reserve market in July 2024 as electricity prices are expected to...

ERC looking into electric coops’ large exposure to spot market

The Energy Regulatory Commission said it will act on the pending applications of distribution utilities (DUs) and electric cooperatives that have a huge exposure...

ERC halts WESM operations after NGCP issues red alerts

The Energy Regulatory Commission (ERC) suspended the operations of the Wholesale Electricity Spot Market (WESM) starting at trading intervals 1:05 PM in the Luzon...

ERC sets power market breakers in Luzon, Visayas to rein in prices

The Energy Regulatory Commission temporarily suspended the operation of the Wholesale Electricity Spot Market (WESM) in Luzon and Visayas under certain conditions to mitigate...

Meralco to tap spot market for 260-MW peaking supply

Power retailer Manila Electric Co. plans to source its 260-megawatt peaking capacity requirement from the Wholesale Electricity Spot Market, where prices are more volatile...

ERC temporarily halts WESM operations to curb power rates

The Energy Regulatory Commission (ERC) has ordered the suspension of the Wholesale Electricity Spot Market (WESM) in Luzon and Visayas under certain conditions to...

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...

Luzon power spot prices rise on increased demand, plant shutdowns

Prices at the Wholesale Electricity Spot Market (WESM) in the Luzon grid went up by P1.29 per kilowatt0hour in March on increased demand and...

Meralco sees lower generation cost for March

Power retailer Manila Electric Co. forecasts lower power generation charges for March on softer spot market prices and the availability of the 500-megawatt San...

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...

Lower spot market prices observed in past 2 weeks

The Independent Electricity Market Operator of the Philippines said Monday it observed lower spot market prices in the first two weeks of August on...

ERC studies lifting suspension on feed-in tariff collection

The Energy Regulatory Commission is studying the lifting of suspension on the collection of the feed-in tariff allowance amid the softening prices at the...

PEMC slaps P400,000 fine vs. First Gas Power

The Philippine Electricity Market Corp., the governing body of the Wholesale Electricity Spot Market, imposed a P400,000 fine on First Gen Corp.’s subsidiary First...
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