Rates fell to P6.09 per kilowatt-hour as of late February from P7.07 in January, after the supply of power increased by 5.86% or 771 megawatts , the market operator said in a statement.cient level of supply throughout the month of February. Of course, as a normal trend every February, we experienced new increase in demand as compared to the previous month from January,” according to John Paul S. Grayda, IEMOP Manager for Market Simulation and Analysis, said in a virtual brieMr.
In December, the Energy Regulatory Commission suspended market operations on the Visayas grid after Typhoon Odette damaged transmission facilities in the region. The market returned to operations on Feb. 9 after Bohol was reconnected. Separately, the second unit of GNPower Dinginin Ltd. Co.’s supercritical coal-fired power plant will enter the testing phase on therst unit commenced operations in January. The second unit’s timetable for entering commercial operations will depend on the results of testing and the timing of the ERC’s issuance of a Certificate of Compliance, GNPD Vice-President Roberto B. Racelis, Jr.
The IEMOP has projected 929.5 MW of additional capacity coming onstream in Luzon, 34.67 MW in the Visayas, and 143.60 MW in Mindanao by June, including GNPD’s output. —
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