Tag: Philippines energy
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Power Producers Back Higher WESM Secondary Price Cap to Attract Investment
Stability and Signals: Why the WESM SPC Hike Matters A coalition of independent power producers (IPPs) has welcomed the 19-percent increase in the Wholesale Electricity Spot Market (WESM) secondary price cap (SPC). The change, announced by the Philippine energy regulator and market operators, is seen by industry players as a move that could reduce price…
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Power Producers Welcome Higher WESM Secondary Price Cap Boost
Introduction: A Positive Signal for Investors A group of independent power producers (IPPs) has welcomed the 19-percent increase in the Wholesale Electricity Spot Market (WESM) secondary price cap (SPC). The move, which adjusts the ceiling at which prices in the market can peak, is seen by industry players as a clearer signal to investors that…
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NGCP Restores Visayas Grid After Magnitude-6.9 Cebu Earthquake
Background and Impact of the Cebu Earthquake The Visayas power grid faced a significant challenge after a magnitude-6.9 earthquake struck Cebu province, prompting rapid response from the National Grid Corporation of the Philippines (NGCP). The tremor damaged facilities at the Daanbantayan Substation, among other transmission assets, risking interruptions to power supply across the region. NGCP’s…