US firm Green Tiger Markets will be enlisting Philippine generation companies as trading participants in its “forward market platform” in Singapore as a tool to hedge power prices that will in turn enable them to pass on more predictable and competitive electricity rates to consumers even at a future time.
A forward contract is a customized transaction between a buyer and a seller agreeing on a price at present date for the delivery of traded commodity on a specified timeframe in the future. He said “many of these firms participated in our successful pilot that we ran last year. We expect that the first wave of participants will be ready for live trading in about a month.”
On the persisting tight power supply predicament of the country, he noted that power companies trading in the GTM platform can “quickly and cheaply enter into replacement power hedges should they have an unplanned outage.”
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: manilabulletin - 🏆 25. / 51 Read more »