Tag: Wholesale Electricity Spot Market (WESM)
March WESM avg spot price surges nearly 100%
The average price of electricity sold on the Wholesale Electricity Spot Market (WESM) surged 95.5 percent
in March, the Independent Electricity Market Operator of the...
Meralco raises power rates by P0.2639 per kWh
March marks 2nd straight month of rate hike
The Manila Electric Co. (Meralco) said power rates in its franchise areas will rise this month by...
Feb electricity spot market prices dip avg 7.8% on-month
The average price of electricity sold on the Wholesale Electricity Spot Market (WESM) nationwide in February dropped 7.8 percent from the preceding month, the Independent Electricity...
MCT increases renewable energy utilization
International Container Terminal Services Inc. (ICTSI) said its Cagayan de Oro operation, Mindanao Container Terminal (MCT), is now running on pure solar energy during...
ERC hikes power rates for RE users next month
The Energy Regulatory Commission (ERC) approved an increase in the feed-in-tariff allowance (FIT-All) rates to make renewable energy (RE) incentives sustainable.
ERC said in a statement...
