Power rates at spot market seen remaining stable in fourth quarter

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 55%

Business News News

Business Business Latest News,Business Business Headlines

Average electricity prices at the Wholesale Electricity Spot Market are expected to remain stable at around P4 per kilowatt-hour for the remaining months

of the year due to cooler temperatures and the availability of power plants.

IEMOP assistant manager for market simulation and analysis Chris Warren Manalo said they forecast the same price level for November to December if the demand and supply scenario continues at the same level as October. IEMOP, operator of the WESM, the trading floor of electricity, expects lower WESM average price with a stable supply and improved demand situation as the colder months approach.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in BUSÄ°NESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines