Topic

WESM

The Wholesale Electricity Spot Market (WESM) is the primary platform in the Philippines for buying and selling electricity, where prices fluctuate based on supply and demand. Recent trends show significant price drops, influenced by increased renewable energy integration and improved market efficiency under the Independent Electricity Market Operator of the Philippines (IEMOP).

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This is an AI-generated summary based on recent coverage. It was last updated on Tue, October 7, 2025 at 5:10 AM

Latest Stories

Recent developments on WESM

Tue, October 7, 2025 at 2:58 PM

Meralco warns of possible October electricity rate hike due to peso depreciation

Meralco is signaling a potential increase in electricity bills for October, primarily driven by the weakening peso's impact on dollar-denominated power supply costs.

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

Latest Stories

Meralco warns of possible October electricity rate hike due to peso depreciation

WESM electricity prices hit 7-month low in September

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

WESM prices climb 15.3% in August due to plant outages

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

PCCI asks ERC, IEMOP to penalize WESM defaulters

WESM electricity prices drop 3.9% in June

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

Meralco rates for June still undetermined

WESM electricity prices drop 11.2% in May