Tag: Wholesale Electricity Spot Market

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WESM rates up in February

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

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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SAFC loan releases rise 19% on vehicle financing demand

SAFC recorded an 19 percent increase in loan disbursements to P1.48 billion in the third quarter of 2026, supported by sustained demand for vehicle financing and refinancing among Filipino households and entrepreneurs.

ACMobility opens Manila EV hub, plans 2 more

ACMobility has opened Manila’s first publicly accessible electric vehicle (EV) charging hub near City Hall, with two additional stations planned at government-run hospitals as the company expands its charging network through a partnership with the local government.

Landmark GCash debut ignites mass retail stock market participation

In a historic milestone for the Philippine financial sector, Mynt, the operating entity behind the country's leading fintech platform GCash, successfully staged the nation's largest initial public offering to date, raising 60.9 billion pesos. The maiden share sale marked a defining moment for domestic capital markets, demonstrating how digital ecosystems can democratize investing and activate a new generation of retail investors.

Meralco Power Academy brings industry insights to 900 NEUST engineering students

Around 900 engineering students from the Nueva Ecija University of Science and Technology learned firsthand about the changing power industry through PowerConvos, a lecture series by the Meralco Power Academy.

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