Meralco raises rates, adds PHP145 for 200 kWh homes
Manila Electric Company (Meralco) announced a PHP0.7226 per kilowatt hour (kWh) increase in electricity rates, raising the charge to PHP13.0127 per kWh for April.
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Wholesale Electricity Spot Market
Also known as WESM
The Wholesale Electricity Spot Market (WESM) is experiencing significant price increases due to higher demand during the summer season, leading to rate hikes by various electricity distribution companies across the Philippines. These surges in WESM prices have resulted in residential rates rising from PHP7.65 to PHP8.61 per kWh for Cotabato Light customers and up to PHP14.0380 per kWh in some Visayas regions, affecting millions of consumers nationwide.
This is an AI-generated summary based on recent coverage.
Last updated at April 27, 2025.
Recent stories about WESM
WESM prices surge 95.5%, supply drops, demand rises
As summer approaches, the Independent Electricity Market Operator of the Philippines (IEMOP) reported a significant increase in wholesale electricity spot market (WESM) prices for March.
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Raslag Corp. signs 2-yr solar deal with Filinvest unit
Local renewable energy firm Raslag Corp. has signed a two-year power supply agreement with Filinvest's FDC Retail Electricity Sales Corp., selling and delivering 18 megawatt-peak of solar power from its Raslag III project in Mabalacat, Pampanga.
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ERC speeds up PSA approvals for ECs ahead of summer
The Energy Regulatory Commission (ERC) is accelerating approvals of power supply agreements (PSAs) to protect electric cooperatives from fluctuations in the Wholesale Electricity Spot Market (WESM) ahead of summer.
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Meralco hikes electricity rates PHP0.2639/kWh
Manila Electric Company (Meralco) announced a PHP0.2639 per kilowatt-hour increase in this month's billing, bringing the rate from PHP12.0262/kWh to PHP12.2901/kWh.
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WESM prices fall 7.8% in Feb due to stable supply
Wholesale Electricity Spot Market (WESM) prices in February declined by 7.8% month-on-month to P2.73 per kilowatt-hour, according to the Independent Electricity Market Operator of the Philippines (IEMOP), due to stable system margins and sufficient supply.
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MCT uses solar power during daylight to reduce emissions
Mindanao Container Terminal (MCT), a business unit of Razon-led International Container Terminal Services Inc. (ICTSI), has begun using solar power during daylight hours to reduce carbon emissions.
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ERC raises FIT-All rate to P0.1189/kWh starting Mar
Starting in March, Filipino consumers will see an increase in their electricity bills due to a new rate for the feed-in tariff allowance (FIT-All) approved by the Energy Regulatory Commission (ERC).
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IEMOP forecasts stable Feb prices, Jan decline
The Independent Electricity Market Operator of the Philippines, Inc. (IEMOP) forecasts an increase in power prices at the Wholesale Electricity Spot Market (WESM) during the dry season due to higher demand.
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Meralco hikes electricity rates by PHP 0.2834 per kWh
Manila Electric Company (Meralco) announced an electricity rate increase for February, raising the cost to PHP12.0262 per kilowatt-hour (kWh), up from PHP11.7428 in January.
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