Power spot market prices drop to 6-yr low in Jan

More customers sourced power from the wholesale electricity spot market (MWESM) as prices plummeted to six-year lows in January, based on data from the Philippine Electricity Market Corp. (PEMC). In a statement yesterday, PEMC said effective settlement spot prices (ESSPs) at the WESM plunged to P1.90 per kilowatt-hour (kwh) for the January billing period, the…

Power spot market prices down in October

The electricity spot market continued to register monthly reductions in rates in October as a result of to higher supply and lower demand due to cooler temperature. In a statement, the Philippine Electricity Market Corp. (PEMC) said effective settlement spot prices (ESSPs) in the wholesale electricity spot market (WESM) fell seven percent from P2.86 per…

Power spot market prices nearly halved in Sept

Ample supply and cooler temperatures drove Wholesale Electricity Spot Market (WESM) rates down by nearly half as of end-September. In a statement, the Philippine Electricity Market Corp. (PEMC) said there was a considerable dip in the final effective settlement spot prices (ESSPs) for the September 2016 billing period at P2.86 per kilowatt-hour from P4.17 per…