THE AVERAGE price of electricity at the Wholesale Electricity Spot Market (WESM) increased in March, as demand rose while supply decreased due to forced outages, the Independent Electricity Market Operator of the Philippines (IEMOP) said.
POWER distributor Manila Electric Co. (Meralco) said it activated a new substation in Sta. Rosa, Laguna, to meet the increasing power requirements of commercial, industrial, and residential hubs in the province.
Average system-wide electricity prices at the Wholesale Electricity Spot Market (WESM) surged to P5.34 per kilowatt-hour in March from P2.73 per kWh in February, following reduced supply and increased demand.
MANILA, Philippines — After hitting a two-year low last month, power rates in the Wholesale Electricity Spot Market (WESM) nearly doubled in March, driven by lower supply and higher demand due to hotter weather.
The Makati Business Club (MBC) proposed on Thursday that the executive department issue an order allowing a build-operate-transfer (BOT) scheme for the power grids.
The head of the National Electrification Administration (NEA) on Wednesday lauded the Independent Electricity Market Operator of the Philippines (IEMOP) for its role in stabilizing rural electrification.
THE Department of Energy (DoE) said it expects sufficient power supply during the warm and dry season, when electricity demand peaks, as two gas-fired power plants in Batangas are set to generate a full combined capacity of 2,500 megawatts (MW) by next month.
MANILA, Philippines — The Marcos administration is assessing several areas across the Philippines, including Bulacan and Palawan, as possible sites for nuclear energy development in a bid to unleash its power by 2032.
MANILA, Philippines — No yellow and red alerts are expected during the summer months despite the forecasted surge in demand caused by warmer temperatures, according to the Department of Energy (DOE).
MPOWER, the local retail electricity unit of Manila Electric Co. (Meralco), said it has renewed its power supply deal with car parts maker Toyota Aisin Philippines, Inc. (TAP) to provide electricity to its manufacturing plant in Sta. Rosa, Laguna.