Philippine power bills rise as spot market prices surge in June

Wholesale electricity spot market prices surged in June, leading to higher power bills for consumers in the Philippines.

Philippine power bills rise as spot market prices surge in June

Image: newsinfo.inquirer.net

MANILA, Philippines — Consumers may see higher electricity bills this month after wholesale electricity prices surged during the June billing period, reflecting tighter power supply conditions across the country.

Data from the Independent Electricity Market Operator of the Philippines (IEMOP) showed that the average price in the Wholesale Electricity Spot Market (WESM) rose to PHP 5.98 per kilowatt-hour (kWh) in June, up from PHP 4.72 per kWh in May. This represents an increase of about 27% month-on-month.

The price spike was attributed to higher demand due to the hot weather and reduced supply from several power plants undergoing maintenance or forced outages. IEMOP noted that the peak demand reached 12,500 megawatts (MW) on June 15, 2026, the highest for the year so far.

Energy officials have assured the public that the government is monitoring the situation and coordinating with power generators to ensure adequate supply. However, consumers are advised to expect higher bills for the June consumption period, which will be reflected in July statements.

❓ Frequently Asked Questions

Why did electricity prices increase in the Philippines in June 2026?

Prices rose due to higher demand from hot weather and reduced supply from power plant outages, pushing the WESM average price to PHP 5.98 per kWh.

What is the Wholesale Electricity Spot Market (WESM)?

WESM is a market where electricity is traded on a daily basis, and its prices reflect real-time supply and demand conditions.

How much did the average WESM price increase in June 2026?

The average price rose by about 27% month-on-month, from PHP 4.72 per kWh in May to PHP 5.98 per kWh in June.

📰 Source:
newsinfo.inquirer.net →
Share: