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June WESM prices rise to P9.01/kWh amid thin supply - BusinessWorld Online

June WESM prices rise to P9.01/kWh amid thin supply - BusinessWorld Online
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.

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IEMOP plans to establish reserves market

IEMOP plans to establish reserves market
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.

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House committee approves bill extending term of joint energy commission

BusinessWorld
May 24, 2021 | 8:03 pm
THE HOUSE Committee of Energy approved a bill that will extend the term of the joint congressional energy commission (JCEC), an oversight body in charge of implementing energy-sector laws, after the extension was backed by various agencies and stakeholders Monday.
House Bill (HB) 9312 seeks to remove the expiration period of the JCEC, which is set to end its term on June 26 by amending a section in the electric power industry reform act of 2001 (EPIRA).
âThe removal of the expiration period of the JCEC will also allow us, House and Senate members of the JCEC, to conduct the oversight functions of regularly monitoring the implementation, not only of the existing laws but also the laws that we will pass during our term,â Vice-Chairman of the House Committee on Energy Presley C. De Jesus said during the committeeâs virtual deliberations Monday. ....

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Power spot price nearly doubles in March

Power spot price nearly doubles in March
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.

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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. ....

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