Energy
WESM rates surge 13% in October amid rising demand
The Independent Electricity Market Operator of the Philippines (IEMOP) on Tuesday reported a notable increase in the price of electricity in the Wholesale Electricity Spot Market (WESM) for October, with rates rising 13.1 percent compared to September.
ERC reassesses Meralco’s rate reset amid customer refund potential
The Energy Regulatory Commission (ERC) is poised to modify an earlier decision on the Manila Electric Company’s (Meralco) rate reset under the fifth regulatory period (5RP), according to reinstated chairman Monalisa Dimalanta.
Mixed fuel price adjustments following last week’s hike
Local retailers have implemented mixed adjustments to petroleum fuel prices following a brief increase last week.
Alternergy Invests P2.9B in renewable energy projects
Alternergy Holdings Corp., a local renewable energy developer, infused additional capital of P2.9 billion in September this year to advance its ongoing renewable energy projects.
Stakeholders back DOE termination of stagnant contracts
Local renewable energy (RE) stakeholders strongly support the Department of Energy (DOE) initiative terminating renewable energy contracts that fail to meet development timelines
