THERE's no arguing the necessity of an additional supply of power following the country's recent episode in red and yellow alerts brought on by a spike in demand at the height of record heat just a few weeks ago.
THERE's no arguing the necessity of an additional supply of power following the country's recent episode in red and yellow alerts brought on by a spike in demand at the height of record heat just a few weeks ago.It allowed the Indonesian-controlled Meralco*, the lone power distribution utility in the National Capital Region , which remains to be the nucleus of the Philippine economy, to acquire up to 3,000MW of additional electricity supply.
In March 2024, the effective rate of local gas was barely P5 per kWh, while the effective rate of imported LNG was more than P6 per kWh.The records would show that in January 2024, the average cost of power generation using local gas was a little over P5 per kWh and imported LNG at more than P7 per kWh.But the real cost of imported LNG is not written in black and white.
Process For Power Must Be Changed
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