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WESM rates fall in June as decline in demand outweighs supply drop

by July 3, 2025
by July 3, 2025

THE average price of power on the Wholesale Electricity Spot Market (WESM) declined 3.9% in June, the Independent Electricity Market Operator of the Philippines (IEMOP) said on Thursday.

IEMOP reported a WESM system-wide average of  P3.86 per kilowatt-hour (kWh) in June, against P4.01 per kWh a month earlier.

Between May 26 and June 25, the available supply decreased 3.5% month on month to 21,432 MW. Demand declined 4.1% to 14,545 MW.

On Luzon, the average power rate slipped 7.5% month on month to P3.91 per kWh, with supply going falling 3.5% to 15,076 MW. Demand declined 5.4% to 10,400 MW.

IEMOP said that WESM rates in the Visayas increased 4.3% to P3.93 per kWh a month earlier.

Supply decreased 1.1% to 2,635 MW while demand dropped 2.2% to 2,003 MW.

Power prices in Mindanao rose 13.2% to P3.54 per kWh from P3.11 per kWh a month earlier.

The grid’s available supply slipped 5.4% to 3,721 MW. Demand grew 0.7% to 2,112 MW.

IEMOP operates the WESM, where energy companies can purchase power when their long-term contracted power supply is insufficient for customer needs. — Sheldeen Joy Talavera

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