A “special settlement arrangement” is being firmed up for the trading of capacity in the Wholesale Electricity Spot Market (WESM) for the scheduled energization of the P52-billion Mindanao-Visayas Interconnection Project (MVIP), or the link-up of power grids in the two islands as concretized by the
WESM system enhancements eyed By MYRNA M. VELASCO The country’s Wholesale Electricity Spot Market (WESM) will be undertaking enhancements on its new market management system (NMMS) so it can accommodate the registration of more participants that will be joining the lowering of threshold of the
Power spot market price falls in first 3 weeks of September bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
BusinessWorld
May 27, 2021 | 8:52 pm
THE AVERAGE power price on the wholesale electricity spot market (WESM) more than doubled this month to average P7.72 per kilowatt hour (kWh) from P3.85 in April, following a surge in demand and supply disruptions, the Independent Electricity Market Operator of the Philippines (IEMOP) said Thursday.
“For the month of May, the market operator noted an increasing demand trend as warmer temperature prevailed throughout the country. As the dry season (progresses), average demand increased from 10,120 MW (megawatts) from the previous month to 11,091 MW in May,” the IEMOP said in a statement Thursday.
The rise in demand was accompanied by lower supply due to generator outages.
BusinessWorld
February 28, 2021 | 8:36 pm
PEMC made the announcement in an advisory on its website.
MSPs provide equipment for metering installation and make reports to metered trading participants in the wholesale electricity spot market (WESM). The WESM is where generators sell excess power not covered by contracts, and where customers can buy additional output on top of these contracts.
In a Feb. 22 advisory, PEMC announced to market participants that it started monitoring MSPs since the start of the January billing month.
“PEMC and IEMOP agreed on a transition plan for the conduct of the MSP performance rating. In the said transition plan, IEMOP will complete the monitoring of MSP performance until CY (calendar year) 2020 and PEMC will assume the function effective CY 2021,” PEMC said in its advisory.