Electricity spot market prices slightly went up to P9.22 per kilowatt hour in October (kWh) from P9.12 per kWh in September, the Independent Electricity Market Operator of the Philippines (IEMOP) said Wednesday. Know more:
Electricity spot market prices slightly went up to P9.22 per kilowatt hour in October from P9.12 per kWh in September, the Independent Electricity Market Operator of the Philippines said Wednesday.
“Outages by major coal, geothermal, oil-based, and natural gas plants remain to be one of the factors behind this movement, and generators with higher offer prices were dispatched to make up for the needed energy requirements,” IEMOP said. Regional peak demand of Visayas went up to 2,261 MW from 2,225 MW on a month-on-month comparison. However, the Luzon peak demand fell to 11,253 MW from 11,459 MW in October. “Given those circumstances, the average margin for October dropped by 9.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Review of supply contracts to lead to lower electricity rates, says ERCHoping to alleviate the burden of consumers and bring down power rates, the Energy Regulatory Commission is scrutinizing the supply agreements entered into by electric cooperatives nationwide.
Read more »
Gatchalian urges government to ensure electricity subsidy for the poorThe IRR for RA 11552 was recently approved by the Energy Regulatory Commission (ERC), the Department of Energy (DOE), and the Department of Social Welfare and Development (DSWD). READ:
Read more »
PH tagged as lucrative market for foreign craft beer brewersImported craft beer products will find their way into a “robust” domestic market owing to the growing population’s desire for more nontraditional alcoholic drinks, a study has found. “While
Read more »
Philippine smartphone market shrinks for fifth straight quarter as inflation soarsThe Philippine smartphone market declined for the fifth straight quarter in July to September as vendors chose to clear inventories and inflation hit spending patterns, data released by the International Data Corp. (IDC) on Wednesday showed.
Read more »
WATCH: Runners, pinagkaguluhan sa tinaguriang 'Little Manila' sa South KoreaSilipin ang tour ng 'Running Man Philippines' cast members sa Daehangno Philippine Market DITO:
Read more »
Migs Oczon fires dagger three as CSB escapes San Sebastian for first Final Four spot in 2 decadesMigs Oczon fires dagger three as CSB escapes San Sebastian for first Final Four spot in 2 decades.
Read more »