Topic

WESM

The Wholesale Electricity Spot Market (WESM) is a key platform in the Philippines for buying and selling electricity, influencing residential and commercial electricity rates. Prices on the WESM fluctuate based on supply, demand, and external factors like fuel costs and currency exchange rates. Recent trends show both increases and decreases, impacting Meralco's rates and overall electricity costs for consumers.

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This is an AI-generated summary based on recent coverage. It was last updated on Mon, November 10, 2025 at 2:09 PM

Latest Stories

Recent developments on WESM

Mon, November 10, 2025 at 12:31 AM

Meralco warns of higher electricity rates this November

Meralco anticipates a rise in electricity rates for November, marking the second consecutive month of increases.

Mon, October 13, 2025 at 11:52 AM

Meralco raises rates by P0.2331 per kWh for October

Meralco announced a P0.2331 per kilowatt-hour (kWh) increase in electricity rates for October, resulting in a higher overall rate of P13.3182 per kWh for a typical household.

Tue, October 7, 2025 at 2:58 PM

Meralco eyes generation charge hike on peso's depreciation

Meralco anticipates an increase in its generation charge for October due to the peso's depreciation against the dollar, which raises the cost of dollar-denominated power supply contracts.

Mon, October 6, 2025 at 8:50 PM

WESM electricity prices hit 7-month low in September

The average electricity price at the Wholesale Electricity Spot Market (WESM) decreased in September to its lowest point in seven months, settling at P3.04 per kilowatt-hour (kWh).

Thu, September 25, 2025 at 4:20 PM

IEMOP celebrates 7th anniversary with lowest spot market prices in 5 years

The Independent Electricity Market Operator of the Philippines (IEMOP) is celebrating its seventh anniversary, marking significant achievements in improving the country's electricity market.

Wed, September 3, 2025 at 1:45 PM

WESM prices climb 15.3% in August due to plant outages

Electricity prices on the spot market surged by 15.3% to P4.59 per kilowatt hour (kWh) in August, driven by significant plant outages and a rise in demand.

Mon, July 14, 2025 at 11:20 AM

Bohol's first utility-scale solar plant gets nod for operations

Bohol's first utility-scale solar plant, the 27.121 MWdc Dagohoy Solar Power Plant (DSPP), has secured government approval to begin commercial operations.

Sun, July 13, 2025 at 4:07 PM

PCCI asks ERC, IEMOP to penalize WESM defaulters

The Philippine Chamber of Commerce and Industry (PCCI) urges the Energy Regulatory Commission (ERC) and the Independent Electricity Market Operator of the Philippines (IEMOP) to penalize members of the Wholesale Electricity Spot Market (WESM) who are defaulting on their payment obligations.

Thu, July 3, 2025 at 9:07 PM

WESM electricity prices drop 3.9% in June

The average price of electricity on the Wholesale Electricity Spot Market (WESM) decreased by 3.9% in June, reaching P3.86 per kilowatt-hour (kWh).

Wed, June 11, 2025 at 11:13 AM

Meralco cuts electricity rates by P0.11/kWh for June billing

Meralco is reducing its electricity rates by P0.11 per kilowatt-hour for the June billing period, marking the second consecutive month of price decreases.