IEMOP reports lower prices at spot market

“This decline is primarily attributed to ample supply margins and tamer demand compared to the summer months,” IEMOP head of trading operations Isidro Cacho said.

Cacho said if there would be no major outages and the current supply and demand scenario continues amid cooler weather, “then we expect the prices to be sustained at the current level if not lower, hopefully that will prevail.” He said WESM data showed that the average demand in Luzon dropped by 361 megawatts to 9,119 MW from 9,480 MW, leading to a decrease in spot market prices to P4.12 per kWh in September from P5.53 per kWh in August.

Power supply in Luzon reached 13,394 MW during the period, with reserve margins at 3,845 MW. The Visayas grid also witnessed a decrease in average demand to 1,850 MW from 1,872 MW.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ADB flags vulnerabilities in region’s bond marketHIGH interest rates caused the growth of total outstanding bonds in the region to slow in June, according to the Asian Development Bank (ADB). Based on the Asia Bond Monitor, the ADB said total outstanding local currency (LCY) bonds only increased two percent to $23.1 trillion in the second quarter…
Source: BusinessMirror - 🏆 19. / 59 Read more »

The iPhone 12 emits too much radiation and Apple must take it off the market, French agency saysPARIS — French regulators ordered Apple to stop selling the iPhone 12, saying it emits electromagnetic radiation levels that are above European Union standards for exposure. The...
Source: sunstaronline - 🏆 18. / 59 Read more »