wesm - updates

Rappler's latest stories on wesm


Lawmaker questions how power firm with P7,000 capital got P100-M deal

Jan 20, 2020 - 3:05 PM

Congressman Jericho Nograles says IEMOP had no experience and no assets, but still bagged the contract to operate the Wholesale Electricity Spot Market

Mindanao electricity market targeted for launch in Q2 2018

Oct 03, 2017 - 5:45 PM

Energy Undersecretary Felix William B. Funtebella says the government is currently auditing the system of the electricity spot market for Mindanao

Graft complaints filed vs energy officials for 'extravagant' travels

Jul 19, 2017 - 2:32 PM

The complaints alleges that P15 million used for travels abroad and locally were from a fund meant for monitoring the electricity market

SC stops DOE, ERC from limiting major power consumers' supply choices

Feb 21, 2017 - 8:40 PM

The Supreme Court says there appears to be no basis for the Department of Energy and the Energy Regulatory Commission to require major power consumers to source their electricity only from certain suppliers

ERC: Probe vs Meralco, gencos over 2013 rate hike a 'priority'

Feb 14, 2016 - 11:19 PM

The commission says a decision would hopefully be coming this year

Expect higher electricity rates this summer – Meralco

Feb 05, 2016 - 4:23 PM

Meralco s rate hike this month is mainly due to higher generation charge – the largest component of an electricity bill

RATE HIKE. Higher electricity bills could be more evident, especially that the Philippines is experiencing El Niño, Meralco says. File photo by Pia Ranada/Rappler

P32/kWh price ceiling on power trade permanent – WESM

Jan 10, 2016 - 5:10 PM

The tripartite committee also sets another permanent price cap to further protect consumers from steep WESM prices when supply is tight

File photo by Rappler

Meralco rates going up again in December

Dec 09, 2015 - 5:22 PM

The utility firm reiterates that it does not earn from pass through charges

INCREASE. The utility firm says on Wednesday, December 9 that this month's increase in overall rates was primarily due to higher generation charge.

Petilla: Give Competitive Selection Process a chance

Nov 13, 2015 - 4:26 PM

You need rules CSP is where everything is a level playing field and everybody competes other than just negotiates the former energy secretary and senatorial candidate says

RULES. Former Energy secretary and senatorial candidate Carlos Jericho Petilla says the Competitive Selection Process aims for balance between profit and public service in a market-driven energy sector.

Meralco: Competitive Selection Process will hurt consumers

Nov 02, 2015 - 6:00 AM

The policy is illogical and not in consumers interest as it gives gencos the power to dictate prices says the head of the distribution utility Manuel Pangilinan

WESM operator submits 2016, 2017 budgets to ERC

Sep 06, 2015 - 10:15 PM

The proposed budget includes provisions for employee salaries and benefits capital expenditure and maintenance and other operating expenses among others

ERC appointment raises conflict-of-interest issues

Jun 21, 2015 - 10:00 AM

UPDATED EXCLUSIVE: Sta Ana s appointment comes at a time when the regulatory agency is determining whether power generation companies among them the Aboitiz group’s unit Therma Mobile colluded to jack up prices of Meralco

Meralco power rates down in June

Jun 08, 2015 - 4:33 PM

Meralco customers will see a decrease of P0 58 per kilowatt hour for this month s bill its 4th downward adjustment for 2015

Meralco gets ERC approval to source 64 MW of additional power

May 25, 2015 - 8:53 AM

Meralco’s IPSA agreements will result in reduced exposure to WESM and is predicted to lower consumers electricity rates

Meralco rates down in May

May 08, 2015 - 3:25 PM

Electricity bills go down by P0 70 per kilowatt hour due to lower generation charge – the bulk of your Meralco bill

Thin power reserves from January 26 to July 25

Jan 12, 2015 - 3:54 PM

Meralco says it needs additional capacity as power banked for the 7 month period falls below the required contingency reserves

Meralco drops rates for 3rd straight month

Jan 07, 2015 - 3:41 PM

A drop of about P38 will be reflected in the January electricity bills of Meralco customers who consume 200 kWh

Meralco rates lower in January

Jan 06, 2015 - 5:07 PM

The generation charge – the biggest chunk of a power bill – is likely to go down due to the continuous fuel price rollback

ERC eyes extending electricity price cap anew

Jul 31, 2014 - 4:28 PM

The regulatory says power supply remains tight and the cap is important to prevent price spikes at the spot market

ANOTHER PRICE CAP EXTENSION? The tight power supply coupled with a number of power plants that were put offline are among the considerations that could possibly lead to another extension, the Energy Regulatory Commission says. File photo by RITCHIE B. TONGO/EPA

Meralco to renew interim power supply agreements

Jun 29, 2014 - 2:54 PM

The extension of the power supply agreements comes as Luzon expects tight energy supply due to scheduled outages of several power plants

ERC extends electricity price cap despite court case

Jun 25, 2014 - 9:11 AM

Imposing the price cap is unconstitutional invalid illegal the Philippine Independent Power Producers Association says

Electric wires are seen at a residential area in suburban Manila. Power producers stress the need for more power plants in the country to meet demand. EPA/RITCHIE B. TONGO

ERC extends electricity price cap as Luzon faces tight supply

Jun 23, 2014 - 8:03 PM

A number of power plants are scheduled to go offline for maintenance in the coming months

Electric wires are seen at a residential area in suburban Manila. Power producers stress the need for more power plants in the country to meet demand. EPA/RITCHIE B. TONGO

SC asked anew: Extend TRO on Meralco rate hike

Apr 15, 2014 - 1:36 PM

The initial temporary restraining order on the power rate increase will expire on April 22 Lawmakers say lifting it will leave millions of Meralco s captive market unprotected

Meralco inks another power supply contract for summer

Apr 10, 2014 - 4:55 PM

The company wants to minimize its exposure to the Wholesale Electricity Spot Market where prices usually go up during summer because of high demand

People arrive at the office of Meralco, the country's largest power distributor, to make payments. AFP PHOTO/JAY DIRECTO

ERC to gencos on regulated WESM prices: Comply or face suspension

Apr 03, 2014 - 7:18 AM

Some gencos say complying with the order means selling their power capacities at a loss

LOWER BILLS. Meralco customers will see a reduction in their December and January electricity bills after WESM cuts its prices. File photo by Romeo Gacad/AFP

WESM prices slashed; Meralco rates to fall

Mar 18, 2014 - 6:15 PM

Electricity spot market prices for the November and December supply months are down to P6 007 P6 245 kilowatt hour from the previous P25 403 P28 367 kilowatt hour

LOWER BILLS. Meralco customers will see a reduction in their December and January electricity bills after WESM cuts its prices. File photo by Romeo Gacad/AFP

DOJ to continue power collusion probe

Mar 14, 2014 - 12:13 PM

The DOJ says the investigation will ensure the protection of consumers from anti competitive behavior in the electricity market

COLLUSION? Justice Secretary Leila de Lima says her department will continue investigating whether players in the power sector colluded to jack up electricity prices last December. File photo by Jose Del/Rappler

What Meralco's rate hike tells us about the power sector

Mar 13, 2014 - 9:42 PM

The record high increase in Meralco s charges last December is caused by a combination of problems that have plagued the Philippine power sector

DOE outlines measures to lessen Mindanao brownouts

Mar 13, 2014 - 8:29 PM

Acting on the President s instructions the Department of Energy introduces 3 concrete measures that would provide additional capacity which the DOE hopes will lessen the frequency and duration of rotating brownouts

POWER SHORTAGE. Mindanao continues to experience shortfall in power supply after the February 27 massive blackout. File photo by John Javellana/Rappler

Osmeña: Aquino, Petilla ‘awful managers’

Mar 13, 2014 - 12:21 PM

Osmeña says the DOE chief should be fired over the Meralco rate hike issue but the President stays with people he appointed he s a very poor manager

POOR MANAGER. Sen Serge Osmeña says DOE Secretary Jericho Petilla should be fired over the Meralco rate hike issue

ERC orders WESM to cut power prices

Mar 11, 2014 - 3:31 PM

ERC concludes that the supply shortage leading to the spike in electricity prices last year was contrived

LOWER BILLS. Luzon consumers may expect lower electricity bills for December and January after the ERC ordered a cut in the prices at the Wholesale Electricity Spot Market, citing market failure. File photo by Romeo Gacad/AFP

Meralco March rate down by P0.45/kWh

Mar 10, 2014 - 5:02 PM

Meralco says the costs of power from supply agreements and WESM fell

LOWER BILLS. Meralco customers will see a reduction in their March electricity bills. File photo by Romeo Gacad/AFP

Petilla: Meralco Dec rate must be cut

Feb 24, 2014 - 12:17 PM

The Energy chief says there was no true competition in the spot market during the Malampaya facility shutdown leading to a spike in prices

ILLEGAL. DOE Secretary Jerichio Petilla says several power generators violated WESM rules by not offering full capacities. Photo by LeAnne Jazul/Rappler

#TalkThursday with Neri Colmenares

Feb 21, 2014 - 11:17 AM

Rappler talks to Bayan Muna representative Neri Colmenares

Petilla: Other plants violated WESM rules

Feb 13, 2014 - 7:30 PM

It s not only PSALM s Malaya plant that failed to dispatch energy to the grid

VIOLATIONS. Energy Secretary Carlos Petilla says other facilities also violated the Wholesale Electrictiry Spot Market rules. File Photo from AFP.

PSALM: Malaya plant can't always run when needed

Feb 12, 2014 - 6:58 PM

PSALM says the plant has slow start up time and low fuel replenishment rate

NO DISPATCH? PSALM reportedly avoided as much as P1 billion in losses by keeping the Malaya plant offline during the Malampaya shutdown. File Photo from AFP.

Batangas geothermal plant starts operations

Feb 10, 2014 - 4:00 PM

The 20 MW Maibarara plant in Batangas starts commercial operations on Feb 8

POWERING UP. Maibarara begins commercial operations. This 2011 photo from http://maibarara.com.ph/milestones/

Meralco wants WESM generation charges recomputed

Feb 07, 2014 - 8:27 AM

It says this is in light of reports that some power producers violated rules of the WESM causing a spike in prices

ACTUAL COST. Meralco wants WESM generation charges for November and December 2013 recalculated to determine 'actual cost' of power sold. File photo by Romeo Gacad/AFP

Meralco decries arbitrary WESM bids

Feb 05, 2014 - 8:29 PM

Meralco lawyer Victor Lazatin tells the High Court the bids submitted by generation companies trading at WESM do not have any economic relation

Palace rejects Meralco TRO plea

Feb 05, 2014 - 4:08 PM

But Malacañang insists it is not prejudging or pre empting the parallel probes being conducted by the government on the utility firm s record high power rate hike

DISREGARD BILL. Meralco tells its customers to disregard their December 2013 bill after the Supreme Court temporarily stopped its power rate hike. File photo by Romeo Gacad/AFP

Lower Meralco charges in February

Feb 03, 2014 - 6:03 PM

While a temporary restraining order cut January charges to P5 67 February s charges are even less by P0 13 per kWh

LOWER CHARGES. Charges are P0.13 per kWh lower than January's actual charges. File photo by Romeo Gacad/AFP

DOJ needs more time to probe power firms

Jan 30, 2014 - 8:03 PM

DOJ misses its deadline on the probe into possible violations of power firms that may have led to the temporarily halted Meralco price hike

Osmeña: Petilla should resign over Meralco rate hike

Jan 25, 2014 - 9:28 PM

Osmeña calculates that using the Malaya plant could have significantly brought down market prices by at least P20

'DYNAMITE MALAYA.' Senators criticize government agencies for failing to use the state-owned Malaya power plant to bring down the prices of electricity and help consumers. Photo by Albert Calvelo/Senate PRIB

'If I were Ducut, I would have resigned' – Belmonte

Jan 23, 2014 - 9:08 PM

Amid the controversy over the power rate hike the Speaker tells why their former colleague in the House of Representatives ERC chief Zenaida Ducut should quit

RESIGNATION CALLS: Speaker Feliciano Belmonte Jr joins growing number of politicians openly criticizing Energy Regulatory Commission chair Zenaida Ducut

PSALM avoids losses by keeping plant offline during Malampaya shutdown

Jan 22, 2014 - 10:14 PM

PSALM has been hit for not using the Malaya plant – a move critics said would have mitigated price spikes at WESM

SAVING A BILLION. PSALM reportedly avoided as much as P1 billion in losses by keeping the Malaya plant offline during the Malampaya shutdown. File Photo from AFP.

INFOGRAPHIC: How WESM affects your electricity bill

Jan 22, 2014 - 10:35 AM

Meralco says its record high rate hike was due to high prices at the Wholesale Electricity Spot Market or WESM What is WESM and how does it work?

Aquino: No need for emergency powers

Jan 14, 2014 - 9:33 PM

The President says the power rate increase may have been caused by wrong business decisions and that the consumer should not be made to answer for them

NO NEED. President Benigno Aquino III says he never asked for emergency powers to avert a power crisis and said he does not think there is a need for it. Malacañang Photo Bureau

PIPPA resists DOE proposal to amend power contracts

Jan 06, 2014 - 7:24 PM

DOE wants power supply contracts to include provisions for replacement power in cases of planned or unplanned outages of power plants

RESISTING AMENDMENTS. PIPPA says its contracts have already been signed, making them legal and binding.

Petilla to mall owners: Use generators

Jan 01, 2014 - 1:07 PM

The DOE chief says it s voluntarily but he will meet with mall owners one at a time – first with SM whose malls have installed capacity of 135 50 MW

BANKRUPTCY? The Energy secretary says Meralco coulld go bankrupt due to the suspension of the rate hike collection.Photo taken by AFP

Senators on lower power market price cap: Why only now?

Dec 29, 2013 - 2:19 PM

Senators say the lower electricity price cap on the spot market is better late than never