Sunday, October 1, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Power & Tech

WESM prices began to soften in June

Alena Mae S. FloresbyAlena Mae S. Flores
June 23, 2021, 6:48 pm
in Power & Tech
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

The Independent Electricity Market Operator of the Philippines said Wednesday the average electricity prices in the Wholesale Electricity Spot Market began to go down in June on more stable supply and demand.

"For the first 20 days of June 2021, a decreased demand and a slight improvement in supply was observed which reflected a decrease in the resulting market prices with an average of P 6.53 per kilowatt-hour," IEMOP, operator of the WESM, the trading floor of electricity, said in a statement.

IEMOP data showed that average electricity from June 6 to June 12 was P3.84 per kWh, down from P7.88 per kWh in the week of May 30 to June 5.

It said that from June 13 to June 20, average electricity prices went up to P6.08 per kWh but still lower than P9.55 per kWh from May 23 to May 29 and P8.56 per kWh from May 16 to May 22.

"We know that the month of June is the start of the rainy season.  That's why demand is decreasing. From 11, 500 megawatts from May 23 to May 29, it went down to 11,200 at the start of June and then it decreased to 10,600, then went up again to 10,900," John Paul Grayda, IEMOP manager for pricing validation and analysis, said in a virtual briefing.

IEMOP officials said the lower WESM average prices in the early weeks of June were also due to the imposition of the secondary price cap, a price-mitigating mechanism imposed when there are persistent high market prices.

This resulted in an effective settlement spot price of P8.31 per kWh in May, or double the P4.04 per kWh observed in April.

The Department of Energy said the secondary price cap allows the market operator to limit the prices in the market at P6.245 per kWh as a protection for consumers.

IEMOP is a non-stock, non-profit corporation governed by a professional board of directors composed of individuals not affiliated with any of the electric companies that trade in the WESM. IEMOP carries out the mandate to pursue the WESM objective to have a transparent, fair, competitive and reliable market for the trading of electricity throughout the Philippines.

Tags: IEMOPJohn Paul GraydaJune 2021pricesWESM
ADVERTISEMENT
Alena Mae S. Flores

Alena Mae S. Flores

Related Posts

Middle Eastern firms keen on exploring Sulu Sea for oil, gas

byAlena Mae S. Flores
September 29, 2023, 9:35 pm
0
8
DOE sees more days of tight power supply

 Middle Eastern companies are keen on exploring the Sulu Sea for oil and gas, reflecting the increased interest of investors...

Read more

NEA taps Cisco technology to monitor electric coops’ operations

byAlena Mae S. Flores
September 29, 2023, 9:05 pm
0
8
NEA taps Cisco technology to monitor electric coops’ operations

State-run National Electrification Administration (NEA) and Cisco, a leader in enterprise networking and security, agreed to collaborate on NEA’s Digital...

Read more

Vivant unit signs contract with Bataan solar developer

byAlena Mae S. Flores
September 28, 2023, 7:15 pm
0
8
Vivant unit signs contract with Bataan solar developer

COREnergy Inc., a wholly-owned subsidiary of Vivant Energy Corp., signed a 20-year power supply agreement with Samal Solar Renewable Energy...

Read more

DOE wants to develop 145 new geothermal sites

byAlena Mae S. Flores
September 28, 2023, 6:40 pm
0
8
DOE sees more days of tight power supply

The Department of Energy (DOE) wants to fully develop 145 geothermal areas to unlock their generation capacity and help secure...

Read more

CREC signs contract to supply 7.5 MW of solar power to Clark

byAlena Mae S. Flores
September 27, 2023, 8:05 pm
0
8
CREIT confident on P10.1-b IPO

Citicore Renewable Energy Corp. (CREC) said Wednesday it signed a partnership agreement to supply Clark Electric Distribution Corp. (CEDC)’s local...

Read more

NGCP to expedite Batangas-Mindoro link

byAlena Mae S. Flores
September 27, 2023, 7:45 pm
0
8
NGCP warns against thin power supply in next dry months

The National Grid Corp. of the Philippines (NGCP) agreed to fast-track the completion of the Batangas-Mindoro interconnection by 2025 or...

Read more

Print Edition

View More

Recent Posts

  • UAAP Season 86 opens
  • (no title)
  • A day for animals
  • Marcos sets P12.7B aid for 2.3M rice farmers
  • ‘Chinese activities destroyed 500 hectares of WPS corals’
  • Obiena claims first PH gold in Asian Games
  • Petron raising LPG tank price by P3.75/kl on Oct. 1
  • Gilas falls to Jordan; Qatar, Iran stand in way to semis

Advertisement

Latest News

Obiena claims first PH gold in Asian Games

byManila Standard
October 1, 2023, 12:20 am
0
8
Obiena claims first PH gold in Asian Games

HANGZHOU, China—Ernest John Obiena claimed the Philippines’ first gold medal in the 19th Asian Games on Saturday, clearing 5.90 meters...

Read more

Petron raising LPG tank price by P3.75/kl on Oct. 1

byAlena Mae S. Flores
October 1, 2023, 12:10 am
0
8
LPG price rollback: Petron sets big-time cuts

Petron Corp. is raising the price of its liquefied petroleum gas (LPG) by P3.75 per kilo, equivalent to P41.25 per...

Read more

Gilas falls to Jordan; Qatar, Iran stand in way to semis

byManila Standard Sports
October 1, 2023, 12:10 am
0
8
Gilas falls to Jordan; Qatar, Iran stand in way to semis

  JuneMar Fajardo HANGZHOU — Jordan and Rondae Hollis-Jefferson ended Gilas Pilipinas’ winning run in the 19th Asian Games on...

Read more

Gibo plans reserve forces revamp

byCharles Dantes
October 1, 2023, 12:00 am
0
8
Environmental activists may face perjury raps — solon

Defense Secretary Gilbert Teodoro on Saturday expressed his intention to revise the current reserve forces paradigm structure of the Armed...

Read more

Canadian ship, Pinoy crew

byNorman Cruzand1 others
September 30, 2023, 11:50 pm
0
8
‘Jenny’ seen becoming typhoon by Monday

His Majesty’s Canadian Ship (HMCS) Vancouver docks at Pier 15 in Manila South Harbor for a port call on Saturday....

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Pets
  • Tech
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Cravings
  • Environment & Sustainability
  • Agriculture
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Gallery
    • Photos
    • Videos
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App