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Spot prices surge in May as power supply margin thins
ELECTRICITY PRICES on the spot market surged in May due to thin power supply margin, according to the Independent Electricity Market Operator of the Philippines (IEMOP). IEMOP reported on Wednesday that the average power rates in the Wholesale Electricity Spot Market (WESM) jumped 38.5% from the previous month to P7.79 per kilowatt-hour (kWh). “This reflects […]
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Source: bworldonline.com
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