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In the midst of a pandemic that the government cannot fully address efficiently, Filipino consumers are being slapped with added burdens of persistent rotating brownouts that may last until June 7 this year, plus unwarranted spikes in electricity prices that surged to as high as P37 per kilowatt hou
The Independent Electricity Market Operator of the Philippines (IEMOP), which is the entity operating the Wholesale Electricity Spot Market (WESM), has been seeing uptrend in the country’s electricity demand. According to Robinson Descanzo, chief operating officer of IEMOP, the rise in power usa
BusinessWorld
May 27, 2021 | 8:52 pm
THE AVERAGE power price on the wholesale electricity spot market (WESM) more than doubled this month to average P7.72 per kilowatt hour (kWh) from P3.85 in April, following a surge in demand and supply disruptions, the Independent Electricity Market Operator of the Philippines (IEMOP) said Thursday.
“For the month of May, the market operator noted an increasing demand trend as warmer temperature prevailed throughout the country. As the dry season (progresses), average demand increased from 10,120 MW (megawatts) from the previous month to 11,091 MW in May,” the IEMOP said in a statement Thursday.
The rise in demand was accompanied by lower supply due to generator outages.
BusinessWorld
May 24, 2021 | 8:03 pm
THE HOUSE Committee of Energy approved a bill that will extend the term of the joint congressional energy commission (JCEC), an oversight body in charge of implementing energy-sector laws, after the extension was backed by various agencies and stakeholders Monday.
House Bill (HB) 9312 seeks to remove the expiration period of the JCEC, which is set to end its term on June 26 by amending a section in the electric power industry reform act of 2001 (EPIRA).
âThe removal of the expiration period of the JCEC will also allow us, House and Senate members of the JCEC, to conduct the oversight functions of regularly monitoring the implementation, not only of the existing laws but also the laws that we will pass during our term,â Vice-Chairman of the House Committee on Energy Presley C. De Jesus said during the committeeâs virtual deliberations Monday.