Power rates at spot market seen remaining stable in fourth quarter

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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.

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