Average electricity price rises 13.1% to P4.39/kWh

By Ed Paolo Salting

Nov 06, 2024 12:41 am

THE average electricity price of P4.39 per kilowatt-hour (kWh) in October was 13.1 percent higher than the P3.88/kWh last month, the Independent Electricity Market Operator of the Philippines Inc. (IEMOP) said on Tuesday.

There was a 'slight increase in average demand because of the looming Christmas season, coupled with a slight decrease in average supply due to planned outages of some power facilities,' said Chris Warren Manalo, IEMOP assistant manager for market simulation and analysis.

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