THE INDEPENDENT Electricity Market Operator of the Philippines, Inc. (IEMOP) is projecting an increase in power prices at the Wholesale Electricity Spot Market (WESM) during the dry season due to higher demand.
The Energy Regulatory Commission (ERC) said Thursday the national average annual generation rate dropped 11.46 percent from to P6.64 per kWh in 2024 from P7.50 per kWh in 2023.
The Independent Electricity Market Operator of the Philippines (IEMOP) said Tuesday some 46,634 renewable energy certificates (RECs) amounting to P9.68 million were traded in the renewable energy market. The certificates had an average price of P207.47.
THE Manila Electric Co. (Meralco) strongly urged power suppliers to assist the utility firm in sourcing additional capacity for summer months when demand is expected to increase by 900 megawatts (MW).
THE third green energy auction (GEA-3) attracted 7,500 megawatts (MW) worth of bids to construct renewable energy (RE) plants, exceeding the auction goal of 4,650 MW, the Department of Energy (DoE) said on Wednesday.
MANILA – Renewable energy (RE) developers have more appetite for the third round of the Green Energy Auction (GEA-3) as bids exceeded the 4,650 megawatts (MW) installation capacity target of the Department of Energy (DOE).
MANILA, Philippines — Customers are set to face higher electricity bills this month as a result of increased transmission charges due to higher ancillary service (AS) costs, according to the National Grid Corp. of the Philippines.
SM PRIME Holdings, Inc. will install solar panels with a total capacity of 7.5 megawatts peak (MWp) on the rooftops of four SM malls, supporting the property developer’s sustainability initiatives.
LEGAZPI CITY – AboitizPower Renewables Inc. (APRI) has conducted a one-day information drive aimed at empowering officials from host barangays (villages), local government units, and other national government agencies in Albay province to better access energy regulatory (ER) funds.
MANILA, Philippines — The Marcos administration wants to secure a loan from the Asian Development Bank this year to bankroll its geothermal risk reduction strategy, a senior energy official said.