ERC: Lower spot market prices pull generation rates down

ERC: Lower spot market prices pull generation rates down

The Energy Regulatory Commission (ERC) reported that generation rates have significantly gone down for the first quarter of 2025 due to lower prices in the Wholesale Electricity Spot Market (WESM).In a statement, the ERC noted that generation charges, which are the cost of generated electricity that is sold by power producers to distribution utilities (DUs), fell by 7.7 percent compared to the first quarter of last year.In Luzon, generation rate…

Negative electricity prices were mainly observed during summer weekends in recent years but they are also extended during the week now, according to current prices in wholesale markets. ...

While negative electricity prices have mainly occurred during summer weekends in recent years, they are now also breaking through during the week. This is evident from the prices on the wholesale markets.

Solar power producers say they are in financial trouble due to negative electricity prices. These have a major impact on the subsidy they...

19:22 Both Monday, Tuesday and Wednesday there are negative electricity prices in our country. This usually happens during the weekends, when the demand for electricity is limited. But the negative prices of...

Electricity prices fall to minus 25 cents per kWh. The number of hours with negative electricity prices continues to increase.