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The average electricity spot market prices in Luzon as of October 28 rose to P6.74 per kilowatt hour (kWh) from the previous month’s average of P4.87 per kWh, as plant shutdowns reduced power supply. “As of October 28, the average price for the billing month of October 2023 is P6.74 kWh. We would like to
The Institute for Climate and Sustainable Cities (ICSC) called on the National Grid Corporation of the Philippines (NGCP) to modernize the transmission network in order to fully integrate renewable energy (RE) into the Philippine grid. The NGCP has declared that the influx of a lot of variable technologies would need…
The Department of Energy said Monday the 1,200 megawatt Sual coal-fired power plant is now back in operation after undergoing
THE Department of Energy (DOE) said Monday there is sufficient power generating capacity in the Luzon grid as most of the power plants that delivered reduced capacity are now back online. “As of Sunday, most of the derated plants are already back to normal and the largest plant on outage…
Windfall earnings from spot market spikes go to a blessed few, while the public chafes under rising electric bills