The average electricity spot market price for December is likely to settle at P3.90 per kilowatt hour (kWh) from last month’s P4.12 per kWh as cooler weather reduced demand for power. Independent Electricity Market Operator of the Philippines (IEMOP), operator of the Wholesale Electricity Spot Market (WESM), noted that the…
The Independent Electricity Market Operator of the Philippines (IEMOP) on Thursday said electricity spot market prices in the first two weeks of June dropped by P1.73 per kilowatt hour (kWh) to P7.10 per kWh, mainly due to a reduction in demand and a modest increase in supply. The operator of…
THE Independent Electricity Market Operator of the Philippines (IEMOP), the operator of the Wholesale Electricity Spot Market (WESM), reported a decline in WESM prices during the first two weeks of the June billing month.
The Independent Electricity Market Operator of the Philippines (IEMOP) said on Wednesday prices at the Wholesale Electricity Spot Market (WESM) for June rose due to the higher power demand and lower supply. In a statement, the IEMOP said Effective Spot Settlement Price (ESSP) went up by P2.59 per kilowatt-hour (kWh)…
High supply levels despite an increase in demand drove the average price in the wholesale electricity spot market to slightly decline this month, the Independent Electricity Market Operator of the Philippines said.