Tag: Wholesale Electricity Spot Market

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WESM rates up in February

Energy & Mining Context.ph Context.ph -
The cost of power obtained from the Wholesale Electricity Spot Market (WESM) in Luzon and the Visayas thus far this month trended up, according to the independent electricity market operator of the Philippines (IEMOP).

Meralco power rates lower in Feb

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Manila Electric Co., the largest power distributor in the country, said Friday power rates will be lower in the February billing cycle on account of a net decline in the generation charge. 

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DA backs calamity declaration to mobilize El Niño response 

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Agriculture Secretary Francisco P. Tiu Laurel Jr. has backed a proposal to declare a state of calamity to mobilize government resources against the worsening effects of El Niño, saying authorities must act quickly as forecasts point to a potentially severe climate event.

Prime Midstream sees sustained gas demand as power needs rise

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Prime Midstream expects demand for natural gas to remain strong as the Philippines faces growing electricity needs, volatile fuel prices and the challenge of balancing renewable energy growth with reliable power supply.

Japanese diplomat reaffirms bilateral ties at 82nd Leyte Gulf landings commemoration

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Japanese Embassy Deputy Chief of Mission Ono Sho attended the 82nd Anniversary of the Leyte Gulf Landings recently at the MacArthur Landing Memorial National Park, framing his presence as a gesture of friendship spanning the political, defense, economic, and diplomatic spheres.

San Miguel earns USDA recognition for $370 million in imports

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San Miguel Corp. (SMC) has received recognition from the US Department of Agriculture (USDA) for importing nearly USD370 million worth of American agricultural products in 2026, highlighting the Philippines’ importance as a market for US farm exports.

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