THE Independent Electricity Market Operator of the Philippines Inc. (IEMOP) and the Department of Energy (DoE) commenced the full commercial operations of the energy reserve market on Friday.
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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…
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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.