For Visayas, the average WESM rate fell by 34.2 percent to P4.56 per kWh from P6.93 per kWh. Supply was up by 5.3 percent to 2,387 MW from 2,268 MW, while demand declined by 1.3 percent to 1,955 ...

MANILA, Philippines — The average price of power in the Wholesale Electricity Spot Market (WESM) declined for the third ...

MANILA, Philippines — After hitting a two-year low last month, power rates in the Wholesale Electricity Spot Market (WESM) nearly doubled in March, driven by lower supply and higher demand due ...

The Energy Regulatory Commission (ERC) is fast-tracking the approvals of power supply agreements to shield consumers from volatile rates at the Wholesale Electricity Spot Market (WESM) in the ...