The Philippines suspended its wholesale electricity spot market on Thursday, the latest in a series of emergency measures meant to address energy supply risks and price volatility triggered by the Middle East conflict. The Energy Regulatory Commission ordered the temporary suspension of the Wholesale Electricity Spot Market, and will in the meantime adopt a new pricing mechanism, Chairman and CEO ...
The Philippines suspended its wholesale electricity spot market on Thursday, the latest in a series of emergency measures meant to address energy supply risks and price volatility triggered by the Middle East conflict. The Energy Regulatory Commission ordered the temporary suspension of the Wholesale Electricity Spot Market, and will in the meantime adopt a new pricing mechanism, Chairman and CEO Francis Saturnino Juan said in a statement. The market will be suspended until conditions are suitable to resume normal operations. The Philippines, which imports nearly all of its fuel requirements, on Tuesday declared a national energy emergency as the conflict in the Middle East threatens supplies. President Ferdinand Marcos Jr. said he issued the order as a “precautionary tool” to give his government more options to address the emergency. “The temporary suspension of the WESM and the implementation of a modified administered pricing mechanism are necessary measures to cushion the impact of volatile fuel prices and safeguard the integrity of our power system,” Juan said. WESM is a centralized trading venue for power generators and distributors, with prices determined by real-time demand and supply. While the market is suspended, the power system will prioritize optimal dispatch of available renewable energy resources and conserve critical fuel inventories, the ERC said. The new price mechanism will be finalized by April 1. The modified framework will introduce a technology-specific pricing approach to better reflect prevailing fuel costs and ensure power plants continue to operate. Coal plants may be paid at a fixed rate, while natural gas plants will be based on contracted prices. Meanwhile, renewable energy sources such as hydro and geothermal will be under administered pricing with preferential dispatch, while oil-based plants will be based on administered prices when dispatched or contracted. The following was produced with the assistance of Bloomberg Automation.
imaginima/iStock via Getty Images By Frank Downing, Director of Research, AI and Cloud Spending On AI Infrastructure Has Exploded Demand for accelerated compute has exploded in the three years since the launch of ChatGPT. Nvidia’s ( NVDA ) annual revenue has soared nearly 8-fold, from $27 billion in 2022 to $216 billion in 2025, 1 with consensus estimates up another 62% to $350 billion in 2026. 2 ...
imaginima/iStock via Getty Images By Frank Downing, Director of Research, AI and Cloud Spending On AI Infrastructure Has Exploded Demand for accelerated compute has exploded in the three years since the launch of ChatGPT. Nvidia’s ( NVDA ) annual revenue has soared nearly 8-fold, from $27 billion in 2022 to $216 billion in 2025, 1 with consensus estimates up another 62% to $350 billion in 2026. 2 Global growth in data center systems investment - the compute, networking, and storage hardware - has accelerated from 5% at an annual rate in the ten years ended 2022 to 30% in the last three years, and is likely to increase more than 30% to $653 billion in 2026. 3 Note: “CAGR” = Compound Annual Growth Rate. Source: ARK Investment Management LLC, 2026, based on data from Gartner 2026 and TheNextPlatform 2025. For informational purposes only and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security. ARK’s research suggests that accelerated computing - powered by graphic processing units (GPUs) and AI application-specific integrated circuits (ASICs), as opposed to general purpose central processing units (CPUs) - now dominates server investment, representing 86% of compute server sales, as shown below. Source: ARK Investment Management LLC, 2026, based on data from TheNextPlatform 2025 and company filings. In addition to those sources, certain information presented may be the result of ARK’s internal analyses, which draw on various additional sources of information. For informational purposes only and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security. Plummeting Costs Are Fueling Adoption Supercharging spending on the accelerated compute infrastructure necessary to run AI models are the growing adoption of generative AI for both consumer and business use cases and the demand to train ever-smarter foundation models in the quest for “superintelligence.” 4 Rapidly f...
Prapat Aowsakorn Southland Holdings ( SLND ) Wednesday said it received notice to proceed on three projects totaling approximately $118 million through a subsidiary in its civil segment, Oscar Renda Contracting, sending shares 52% higher in extended trading. The following projects will be included in the fourth quarter 2025 backlog: $48 million data center project for a private client in the South...
Prapat Aowsakorn Southland Holdings ( SLND ) Wednesday said it received notice to proceed on three projects totaling approximately $118 million through a subsidiary in its civil segment, Oscar Renda Contracting, sending shares 52% higher in extended trading. The following projects will be included in the fourth quarter 2025 backlog: $48 million data center project for a private client in the Southwest. This mission-critical project involves the installation of chilled water pipelines and related site developments, designed to provide cooling support to the data center facilities. The project is expected to be completed in 2026. $40 million Capers Ridge pump station expansion for Coastal Water Authority in Cleveland, Texas . This is expected to double the facility’s raw water pumping capacity from 240 million gallons per day (MGD) to 500 MGD. $30 million NE Reservoir Pump Station & Transmission Main for the City of Cape Coral , Florida. The project is expected to be completed in 2027. Southland Holdings shares ( SLND ) have fallen 60% year to date. More on Southland Holdings Quant snapshot: AAR, Noah Holdings lead strong buys as Blaize, Fractyl Health lag Seeking Alpha’s Quant Rating on Southland Holdings Historical earnings data for Southland Holdings Financial information for Southland Holdings