The Independent Electricity Market Operator of the Philippines (IEMOP) warned that average electricity spot market prices in May could remain at the P7 per kilowatt hour (kWh) level. Know more:
The Independent Electricity Market Operator of the Philippines warned that average electricity spot market prices in May could remain at the P7 per kilowatt hour level.
Market prices increased from P6.57 to 7.68 pesos per kWh from March to April billing periods for Luzon and Visayas. In contrast, the market price for Mindanao went down to P5.36/kWh in April from P6.56/kWh in March, according to IEMOP. The increase in demand led to year-to-date peak levels in all grids. Demand in Luzon reached a new peak of 12,221 MW on April 19, while Visayas demand peaked at 2,380 MW on April 17. Mindanao also recorded a new peak demand of 2,363 MW on April 19.
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