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Average electricity spot market prices rose in March as margins thinned with power demand breaching the pre-pandemic level, the Independent Electricity Market Operator of the Philippines said.
EXPECT power interruptions and soaring electricity rates this summer because of unplanned and prolonged shutdown of most power plants, an independent energy think tank warned on Wednesday. During a virtual press briefing held Wednesday afternoon, the chief data scientist of the Institute for Climate and Sustainable Cities (ICSC), Jephraim Manansala,…
Algo: Red alert: Another look at a looming power crisis
THE National Grid Corp. of the Philippines (NGCP) wants Malacañang to step in and consider other possible measures to help address this year’s “critical” power situation. NGCP officials led by Vice Chairman Robert Coyiuto Jr. and President Anthony Almeda wrote President Duterte to inform him of the updated forecasted power…
The National Grid Corp. of the Philippines has elevated its summer supply crunch concern to Malacañang after the Department of Energy downplayed power deficit worries during the election period and peak dry months.