Luzon faces higher power rates in November
MANILA, Philippines — Consumers in Luzon may see an increase in their power bills this month as the electricity prices traded at the spot market surged by 51.2 percent to P7.83 per kilowatt-hour (kWh). On Wednesday, Independent Electricity Market Operator of the Philippines’ (IEMOP) data showed that Luzon’s supply dipped by 0.9 percent to 14,972 megawatts (MW). Its demand, meanwhile, rose by 6.9 percent to 10,580 MW. READ: WESM prices rise to P7.43/kWh in September “In Luzon, tighter supply margins due to rising demand and reduced generation availability, coupled with planned and forced outages, led to higher prices,” Rica O. Cagnayo, trading […]...Keep on reading: Luzon faces higher power rates in November
Keep on reading: Luzon faces higher power rates in November
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