Guidelines for an electricity spot market in Mindanao are now being drafted, with implementation targeted by June 2017, according to an official of the Mindanao Development Authority (MinDA). Romeo M. Montenegro, deputy executive director of MinDA, which is a member of the Mindanao Power Monitoring Committee, said the rules for the Philippine’s Wholesale Electricity Spot…
Tag: electricity spot market
Power spot market prices nearly halved in Sept
Ample supply and cooler temperatures drove Wholesale Electricity Spot Market (WESM) rates down by nearly half as of end-September. In a statement, the Philippine Electricity Market Corp. (PEMC) said there was a considerable dip in the final effective settlement spot prices (ESSPs) for the September 2016 billing period at P2.86 per kilowatt-hour from P4.17 per…
WESM rate to decrees in rainy season
Barring unforeseen plant outages, the electricity spot market rate is expected to sustain its downtrend on cooler temperature and higher available supply from various power plants, market operator Philippine Electricity Market Corp. (PEMC) said. Read more here.
Winnergy Holdings Corp. 