Power spot price nearly doubles in March
Power spot price nearly doubles in March BusinessWorld 4 hrs ago © Provided by BusinessWorld THE Independent Electricity Market Operator of the Philippines (IEMOP) said Thursday that the average spot market price in March hit P4.16 per kilowatt-hour (kWh) or nearly double the February level of P2.22 per kWh due to an increase in unplanned generator outages and higher demand. The price data are from the wholesale electricity spot market (WESM). In a briefing, IEMOP Manager for Pricing Validation and Analysis John Paul S. Grayda said that “there were several generators on emergency shutdo...
Source: msn.com