Tag: Wholesale Electricity Spot Market (WESM)
ACEN Q1 net income down 28% on lower output, WESM price
Renewable energy exponent ACEN Corporation posted a 28 percent drop in consolidated net income to P1.95 billion for the first quarter of the year,...
Spot power market see slower May billing rates
The Independent Electricity Market Operator of the Philippines (IEMOP) said it is optimistic that ample supply will cause power rates on the spot market...
Meralco: Power rates likely to rise in April
AHEAD of official announcements of rate adjustments for April, the Manila Electric Co. (Meralco) said the cost of electricity in its franchise area would...
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...
