Tag: Wholesale Electricity Spot Market (WESM)
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...
MERALCO hikes rates by P0.2834/kWh
The Manila Electric Co. (Meralco) has increased its rates by P0.2834 per kilowatt hour (kWh), starting with the February bills onward for customers in Metro Manila and some...
Meralco rate hike seen likely in February bill
Ahead of any official announcement of rate adjustments for February, the Manila Electric Co. (Meralco) said yesterday the cost of electricity in its franchise area was likely to...
