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Average power spot market price climbs by 22%–IEMOP - Vimarsana News

Average power spot market price climbs by 22%–IEMOP

The average spot price of electricity on the Wholesale Electricity Spot Market (WESM) as of December 18 went up to P6.32 per kilowatt hour (kWh) from November’s P5.17 per kWh. The Independent Electricity Market Operator of the Philippines (IEMOP) said Tuesday that the P1.15 increase was due to the thin…