Power market prices up due to outages, says market operator

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 55%

United States News News

United States United States Latest News,United States United States Headlines

Defining the News

Power rates showed an increase when the red and yellow alerts were imposed in the Luzon and Visayas grids last week due to insufficient power generating capacity, data from the Independent Electricity Market Operator of the Philippines showed.

“We won’t know until the billing period comes in but as you know, we have a secondary price cap and it is when the price triggers occur In the market,” Lotilla said. This reflected a significant increase from the systemwide price of P7.97 per kWh and P6.14 per kWh on April 16 and April 17, respectively.

“While the margin of supply is currently meeting demand, localized power interruptions have been experienced in areas of extremely high demand,” it said.

 

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

United States United States Latest News, United States United States Headlines