Luzon spot power prices soar by 52% in April

MANILA, Philippines – Power consumers in Luzon will have to pay more for their electricity this April, as the average spot market price in the island surged by a hefty 52.5 percent due to thinner supply. In a briefing Wednesday, the Independent Electricity Market Operator of the Philippines (IEMOP) said that power spot prices in Luzon jumped to P4.10 per kilowatt hour (kWh) in April from last month’s P2.69 per kWh (kWh). This covers the February 26 to March 25 billing period that will be reflected in consumers’ April bills. READ: electricity-spot-market-also-reels-from-price-shock “[The increase was] brought about by a slight […]... Keep on reading: Luzon spot power prices soar by 52% in April

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