Press Releases
Year: 2006

The Department of Energy (DOE)'s press release on the on-going investigations by the Philippine Electricity Market Corporation (PEMC) on the changes in the behavior of electricity prices in the Wholesale Electricity Spot Market (WESM)


The ongoing investigations by the Philippine Electricity Market Corporation (PEMC) on the changes in the behavior of electricity prices in the Wholesale Electricity Spot Market (WESM) are part of the regular and continuing monitoring and surveillance process by the Market Operator to ensure transparency and integrity of the conduct of operations in the spot market, Energy Secretary Raphael Lotilla today said....

Statement of PSALM President Nieves L. Osorio in response to the statement released on 05 October 2006 by the Philippine Electricity Market Corporation (PEMC) to investigate PSALM for allegedly manipulating electricity prices in the WESM


In the interest of transparency, we welcome the investigation in order to clarify issues raised against our traders. Under the Wholesale Electricity Spot Market (WESM) rules, any complaint must be investigated by PEMC. As far as we are concerned PSALM"s electricity trading teams have been trading electricity based on the rules laid out by PEMC. ...

22 investor groups attend bidders forum for retired assets


The Power Sector Assets and Liabilities Management Corporation (PSALM) held a successful bidders' forum for the decommissioned or retired plants that it is preparing to privatize as 22 interested investor groups attended the important exercise set last Friday, 29 September, a day after typhoon "Milenyo" wreaked havoc in Metro Manila....

3 groups submit prequalification requirements for TransCo concession


Three prospective bidders have submitted their respective prequalification documents to the Power Sector Assets and Liabilities and Management Corporation (PSALM) which is conducting the forthcoming auction of the 25-year concession of the National Transmission Corporation (TransCo). ...

Bidders' forum for sale of decommissioned plants set


Moving forward with the privatization of the assets of the National Power Corp. following the successful auction of the Pantabangan-Masiway hydroelectric complex last 08 September, the Power Sector Assets and Liabilities Management Corporation (PSALM) will conduct a forum for bidders of the decommissioned or retired power plants on Friday, 29 September 2006....




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