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Quakes, typhoons hike electricity spot prices
Manila Bulletin
|November 7, 2025
Consumers may see an increase in their electricity bills this month after prices on the Wholesale Electricity Spot Market (WESM) surged following recent earthquakes and inclement weather.
The Independent Electricity Market Operator of the Philippines (IEMOP) reported on Thursday, Nov. 6, that system-average prices jumped 49.4 percent in October, climbing to P4.54 per kilowatt-hour (kWh) from P3.04/kWh last September.
The price spike was attributed to lower average supply, said Rica Cagnayo, market simulation and analysis staff member at IEMOP. Average supply in October stood at 19,889 megawatts (MW), down from 20,712 MW the previous month.
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