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DOE targets full commercial ops of electricity market s ancillary services trading by Dec 23

THE Department of Energy (DOE) is targeting the full commercial operation of the trading of ancillary services or power reserves at the electricity market in December. In a draft circular released Saturday, the agency said the Independent Electricity Market Operator of the Philippines (IEMOP), operator of the Wholesale Electricity Spot…

IEMOP: Lower demand pulls down WESM prices

Barring unforeseen circumstances, the downward trend in electricity spot market prices may prevail towards the end of the year. According to the Independent Electricity Market Operator of the Philippines (IEMOP), operator of the Wholesale Electricity Spot Market Prices (WESM), there was a decline in electricity spot prices in the Luzon…

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