The Philippine Electricity Market Corporation (PEMC), operator of the Wholesale Electricity Spot Market (WESM), noted a considerable dip in the final settlement spot prices for the September billing period at P2.86 per kilowatt-hour (kWh) from P4.17 per kWh in August.
“The September billing period showed a marked increase in the share of electricity bought in the spot market compared to the monthly average of 8-10 percent sourced by wholesale customers,” PEMC President Melinda L. Ocampo said on Tuesday.
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