Power spot market prices decline by 34.7%–IEMOP

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Power spot market prices decline by 34.7%–IEMOP - Business Mirror

Quick Summary:

Electricity spot market prices plunged by 34.7 percent to P3.88 per kilowatt hour (kWh) during the August 26 to September 25 period from P5.94 per kWh a month earlier, the Independent Electricity Market Operator of the Philippines (IEMOP) reported on Wednesday.

IEMOP said the supply-demand scenario in Mindanao went up due to outages in some baseload plants, resulting in a minimal increase in spot prices.

For Luzon, the spot price fell 39.1 percent to P3.8 per kWh.