June spot power prices surge after continued Visayas grid instability

WIRE — ELECTRICITY spot market prices rose in June after supply margins thinned due to persistent power plant outages in the Visayas, the Independent Electricity Market Operator of the Philippines (IEMOP) said. The average electricity spot market price rose P1.77 or about 22.7% in June to P9.56 per kilowatt hour (kWh) as overall supply remained tight despite lower

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