wholesale electricity spot market - updates

Rappler's latest stories on wholesale electricity spot market


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

Court maintains ERC cannot regulate Wholesale Electricity Spot Market prices

Apr 04, 2019 - 9:49 AM

The ruling nullifies a number of orders made by the ERC in 2014 declaring wholesale electricity spot market prices void for being unreasonable or otherwise uncompetitive

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.

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

July Meralco bill slightly lower after distribution rate cut

Jul 11, 2015 - 1:36 PM

This downward adjustment may offset an anticipated increase in generation charge this July

WELCOME RELIEF. This is a welcome relief for Meralco's customers. It will surely mitigate  possible increases in the other components of  Meralco's retail rates, says outgoing  ERC Chairperson Zenaida Cruz-Ducut

Luzon on yellow alert as Malampaya reduces supply

Jun 17, 2015 - 3:50 PM

This is the second time this week that Luzon is under yellow alert as the Malampaya platform encounters an ‘undisclosed technical problem’

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

Meralco rates spike in February

Feb 10, 2015 - 5:23 PM

This month’s billing includes the Feed in Tariff a uniform charge to all on grid electricity consumers nationwide as mandated by the Renewable Energy Act of 2008

DOE approves guidelines on power reserve dispatch scheme

Jan 18, 2015 - 3:45 PM

The Department of Energy circular shall immediately cease upon the commercial operation of the WESM Reserve Market or upon declaration of its cessation by the DOE

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

Meralco rates to drop in November

Nov 06, 2014 - 4:47 PM

Power rates will go down by P82 for typical households consuming 200 kWh as the generation charge – the biggest component of an electric bill – declines

DOE warns of 7-week rotating brownout in 2015

Sep 25, 2014 - 6:12 PM

Energy Secretary Carlos Jericho Petilla says that if President Aquino does not get special powers at the soonest time there will be a red alert or insufficient power supply in the summer of 2015

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 extends TRO on Meralco rate hike indefinitely

Apr 22, 2014 - 3:09 PM

Malacañang welcomes the ruling as a comfort to our countrymen especially when there is more consumption demand during summer but hopes for a final decision on the matter

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

#TalkThursday: Meralco's rate hike and rollback

Mar 15, 2014 - 12:07 PM

Rappler talks to Larry Fernandez the Head of Utility Economics for Meralco on the power distributor s rate hike and roll back

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

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

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

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

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

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

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?

Petilla: Meralco TRO won't lead to brownouts

Jan 12, 2014 - 7:05 PM

But Petilla admits smaller Meralco suppliers may not be able to cope should the utility firm fail to pay them in full because of the TRO on its rate hike

MERALCO'S PRAYER. The Supreme Court grants the Manila Electric Corporation's prayer before the high tribunal to include more power firms in its case against the power rate hike. File photo by AFP

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

Electricity restored in Albay

Jul 31, 2013 - 3:41 PM

UPDATE PEMC says Albay could still face another blackout if the debt ridden Albay Electric Cooperative doesn t start repaying its bills within the week

Meralco bill to increase by 27-cents in April

Apr 10, 2013 - 5:34 PM

The reasons include soaring electricity usage as summer sets in higher coal prices strong peso and maintenance shutdowns of power plants

CHARGES UP. Meralco electricity bills are expected to rise in April on higher charges. Photo by AFP