Average settlement prices at the
Wholesale Electricity Spot Market (WESM) tumbled to all-time low for the year
in September billing at P2.28 per kilowatt hour (kwh), nevertheless, the
forthcoming El Niño dry months are anticipated to trigger fresh round of rate
spikes in the market.
The September low prices, according to WESM
operator Philippine Electricity Market Corporation (PEMC), was technically a
reverse of the August trend when settlement rates had been higher due to forced
outages in some power plants.
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