February 26, 2021 | 8:34 pm Font Size
CRECENCIO I. CRUZ
The National Grid Corp. of the Philippines (NGCP) on Friday said that it has been consulting agencies and stakeholders in the past two months about the country’s updated transmission development plan.
In a statement, the agency said the latest version of the plan would cover 2021 to 2040 and would take into account the needs of the power grid. The plan is updated yearly.
The National Grid had presented the road map for expansion and improvement of the grid in the coming years to the Department of Energy, National Transmission Corp., Philippine Electricity Market Corp. and Independent Electricity Market Operator of the Philippines.
Electricity supply-demand and climate bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Published December 17, 2020, 7:00 AM
Filipino consumers will likely have an extended “financial respite” in their next electricity bill, as price trends point to continued softening of prices in the Wholesale Electricity Spot Market.
In a briefing with the media, Engineer John Paul Grayda, manager for Pricing Validation and Analysis of the Independent Electricity Market Operator of the Philippines (IEMOP) indicated that settlement prices in the spot market hovered at P1.75 per kilowatt hour (kwh) within December 1-10 this year, despite the manifest increase in demand.
The initial average price for December had been a downtrend from the P1.87 per kWh in November; and also way lower than the P1.97 per kwh in October.
Electricity prices decline as demand softens inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.