Spot power prices soar to P5.63/kWh in April

MANILA, Philippines – The price of electricity traded in the spot market increased by 30.6 percent in April due to a rise in power demand. On Wednesday, the Independent Electricity Market Operator of the Philippines (IEMOP) said systemwide power rates for April supply increased to P5.63 per kilowatt hour (kWh) from P4.31 per kWh last month. This will be reflected in consumers’ May bills. READ: Luzon spot power prices soar by 52% in April It added all the main islands logged higher rates in the March 26 to April 25 billing period, with Luzon posting the biggest increase at 37 […]... Keep on reading: Spot power prices soar to P5.63/kWh in April

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