Energy
WESM prices drop 15.3% in April as supply outpaces demand surge
The average price of electricity sold at the Wholesale Electricity Spot Market (WESM) dropped by 15.3 percent in April, offering potential relief to consumers and commercial buyers facing rising summer demand. This was learned from data released Monday by the Independent Electricity Market Operator of the Philippines (IEMOP).
ERC greenlights ancillary services deals bolstering grid stability
The Energy Regulatory Commission (ERC) has approved nine ancillary services procurement agreements (ASPAs) between the National Grid Corporation of the Philippines (NGCP) and several major power producers— a move expected to enhance grid stability and spur investment confidence in the country’s energy sector.
RGEC launches agrivoltaics pilot at Nueva Ecija solar farm
Yuchengco-led Rizal Green Energy Corp. (RGEC) has formally launched a pilot agrivoltaics project at its 19.6 MWDC San Jose Solar Power Project (SJSPP) in San Jose City, Nueva Ecija—marking a local first in integrating solar power and crop cultivation on a commercial scale.
Surplus triggers negative WESM prices on holidays, signaling supply-demand imbalance
The Energy Regulatory Commission (ERC) reported a rare occurrence of negative average electricity prices at the Wholesale Electricity Spot Market (WESM) during major holidays, highlighting a significant gap between supply and demand that has broad economic and commercial implications.
Cebu steel, property group renews clean energy pact with First Gen
First Gen Corp. has renewed its renewable energy (RE) supply agreement with Cebu-based Chioson Group of Companies and FLB Prime Holdings Inc., a move that underscores the growing corporate shift toward sustainability in the manufacturing and real estate sectors.
