Power market prices up due to outages, says market operator

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Power rates showed an increase when the red and yellow alerts were imposed in the Luzon and Visayas grids last week due to insufficient power generating capacity, data from the Independent Electricity Market Operator of the Philippines showed.

“We won’t know until the billing period comes in but as you know, we have a secondary price cap and it is when the price triggers occur In the market,” Lotilla said. This reflected a significant increase from the systemwide price of P7.97 per kWh and P6.14 per kWh on April 16 and April 17, respectively.

“While the margin of supply is currently meeting demand, localized power interruptions have been experienced in areas of extremely high demand,” it said.

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MlaStandard /  🏆 20. in PH

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