Spot market prices for electricity are seen to increase on the assumption that quarantine restrictions in parts of Luzon and the Visayas would be eased further in June, resulting in slightly higher power demand, the Independent Electricity Market Operator of the Philippines Inc. (IEMOP) said on Thursday.
In a virtual briefing, IEMOP Chief Operating Officer Robinson Descanzo said Wholesale Electricity Spot Market (WESM) prices could fall as low as P1.85 per kilowatt hour (kWh) or rise as high as P4.27 per kWh next month.
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