Mindanao electric cooperatives say their views on WESM disregarded

Electric cooperatives in Mindanao are opposing the terms under the planned wholesale electricity spot market (WESM), claiming that their recommendations during the Department of Energy’s (DoE) consultations were not considered. In a news conference here Friday, the Association of Mindanao Rural Electric Cooperatives, Inc. (AMRECO) said one of their main proposals is establishing an “independent”…

Power spot market prices drop to 6-yr low in Jan

More customers sourced power from the wholesale electricity spot market (MWESM) as prices plummeted to six-year lows in January, based on data from the Philippine Electricity Market Corp. (PEMC). In a statement yesterday, PEMC said effective settlement spot prices (ESSPs) at the WESM plunged to P1.90 per kilowatt-hour (kwh) for the January billing period, the…

DOE pushes info drive for WESM Mindanao

The Department of Energy (DOE) is strengthening its information campaign in pushing for the Wholesale Electricity Spot Market (WESM) in Mindanao. The DOE has been conducting preparatory activities for the launch of WESM Mindanao, in coordination with the Philippine Electricity Market Corp. (PEMC) and the National Grid Corp. of the Philippines (NGCP). The agency has…

Power spot market prices down in October

The electricity spot market continued to register monthly reductions in rates in October as a result of to higher supply and lower demand due to cooler temperature. In a statement, the Philippine Electricity Market Corp. (PEMC) said effective settlement spot prices (ESSPs) in the wholesale electricity spot market (WESM) fell seven percent from P2.86 per…

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…