The Daily Tribune
IEMOP marks 7th year, spot prices drop to 5-year low
The Independent Electricity Market Operator of the Philippines (IEMOP) is celebrating its seventh anniversary, marking significant achievements in improving the country's electricity market.
Since assuming market operator duties on September 26, 2018, IEMOP has focused on enhancing transparency, efficiency, and inclusivity in the Wholesale Electricity Spot Market (WESM).
In the first half of 2025, average spot market prices dropped to P4.14 per kilowatt-hour, the lowest in five years and a 26 percent decrease from the previous year.
This price reduction coincides with strides in renewable energy integration and more efficient trading systems.
Key events like the Market Participants Update (MPU) and the Philippine Electric Power Industry Forum (PEPIF) 2025 were held, emphasizing the acceleration of renewable energy adoption.
PEPIF 2025, co-hosted with the Department of Energy and the Energy Regulatory Commission, highlighted the importance of collaboration with consumers for the electricity industry's benefit.
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