Spot power prices ease in July due to softening demand

WIRE — ELECTRICITY PRICES on the spot market fell in July as demand softened against ample supply, according to the Independent Electricity Market Operator of the Philippines (IEMOP). IEMOP said the average power rate on the Wholesale Electricity Spot Market (WESM) dropped 13.1% month on month to P8.31 per kilowatt-hour (kWh). IEMOP manages the WESM, where power

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