Average power prices plunge in September

By Ed Paolo Salting

Oct 03, 2024 12:28 am

THE Independent Electricity Market Operator of the Philippines (IEMOP) said the average electricity price in September was P3.88 per kilowatt-hour (kWh), or 34.7 percent lower than the P5.94 per kWh in August.

The low Wholesale Electricity Spot Market average prices were 'attributable to the sustained large system supply margin of power plants, as a result of cooler weather conditions,' IEMOP Corporate Planning and Communications Manager Arjon Valencia said.

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