comparemela.com

Latest Breaking News On - மின்சாரம் சந்தை ஆபரேட்டர் - Page 1 : comparemela.com

Power spot price nearly doubles in March

Power spot price nearly doubles in March BusinessWorld 4 hrs ago © Provided by BusinessWorld THE Independent Electricity Market Operator of the Philippines (IEMOP) said Thursday that the average spot market price in March hit P4.16 per kilowatt-hour (kWh) or nearly double the February level of P2.22 per kWh due to an increase in unplanned generator outages and higher demand. The price data are from the wholesale electricity spot market (WESM). In a briefing, IEMOP Manager for Pricing Validation and Analysis John Paul S. Grayda said that “there were several generators on emergency shutdown due to unplanned outages.” He said this caused supply to drop last month.

WESM forecasts spike in summer power demand

Published February 26, 2021, 1:49 PM With cyclical temperature rise, the operator of the Wholesale Electricity Spot Market (WESM) is forecasting demand increases during the summer months, primarily around April to May this year. Nevertheless, according to Engineer John Paul Grayda, manager for pricing validation and analysis of WESM’s Independent Electricity Market Operator of the Philippines (IEMOP), the upswing in demand would still be below pre-pandemic level, given the lingering quarantine protocols still enforced by the government. For the month of April, demand is projected to climb to 11,821 megawatts, which would be higher by 1,788MW compared to last year’s demand of 10,033MW on the same month.

WESM to launch Mindanao spot market by June

January 28, 2021 | 7:44 pm Font Size AAA THE Independent Electricity Market Operator of the Philippines (IEMOP) said Thursday that it hopes to begin commercial operations in Mindanao by late June, while also launching the enhanced design of the market in the Luzon and Visayas over the same time frame. Last month the Energy Regulatory Commission approved the WESM’s (Wholesale Electricity Spot Market) Price Determination methodology, in the form of a manual of WESM guidelines, principles and pricing mechanisms. IEMOP is a non-profit corporation that operates the WESM and the central registration body for the retail competition and open access. WESM is the venue for generators to sell excess power not covered by contracts, and where customers can buy additional output on top of these contracts.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.