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Electricity prices are expected to rise during the summer months in the Philippines due to increased demand, according to the Independent Electricity Market Operator of the Philippines (Iemop). Assistant manager Chris Warren Manalo said that the average…
CEBU CITY, Philippines — Due to the ongoing war between Ukraine and Russia, electricity rates in Metro Cebu are expected to rise. Engineer Raul Lucero, president and chief operations officer (COO) of Visayan Electric, revealed that they…
CEBU CITY, Philippines — A 22 centavos increase in electricity rates will be implemented in the Visayan Electric franchise for the billing month of Nov-Dec due to high prices of fuel and the Wholesale Electricity Spot Market…
CEBU CITY, Philippines — The generation rates in the Visayan Electric franchise area will be 0.07 centavos lower for the September-October billing period. President and Chief Operating Officer Raul C. Lucero said the slight drop in the…
Global Business Power (GBP) subsidiary, Cebu Energy Development Corporation (CEDC), ranked high on the list of most compliant generators under the coal-fired category by the Philippine Electricity Market Corp. (PEMC). CEDC, with a capacity of 246 MW,…
THE Wholesale Electricity Spot Market (WESM) recently reflected an increase in registered capacities of generating units in the Visayas Grid, signaling stiffer competition within the power sector. Melinda Ocampo, president of the Philippine Energy Market Corp. (PEMC),…
Hour-long rotation brownouts continued in parts of Metro Cebu yesterday as demand still outstripped supply in the Visayas grid, especially during peak hours. As of 2 p.m., distribution utility Visayan Electric Co., Inc. (Veco) said four feeders…
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