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MANILA, Philippines – The average spot market power price could hit P9 per kilowatt hour (kWh) if the supply constraints in the Visayas grid persist and the impact of the strong Mindanao earthquake worsens.
For May, the Visayas and Mindanao already posted a steep rise in Wholesale Electricity Spot Market (WESM) rates.
READ: Visayas in dire need of new baseload power plants, says Garin
In a media briefing on Wednesday, an executive of the Independent Electricity Market Operator of the Philippines (IEMOP) said the scenario was “possible in the next few weeks” if the supply side will not improve.
