MANILA  -A decline in demand amid the rainy season pulled down the spot market prices of electricity in June until the first half of July in the Luzon and Visayas grids to P6.07 per kilowatt-hour (kWh) from P6.67 per kWh, the Independent Electricity Market Operator of the Philippines (Iemop) said on Wednesday. Iemop said market data in July revealed a decrease of 155 megawatts (MW) in average electricity demand for the two island groups, or a drop to 11,486 MW from 11,641 MW in June. Supply, meanwhile, stood at 14,858 MW, leaving a supply margin of 2,935 MW, up from 2,909 MW in the previous month.

https://business.inquirer.net/411005/lower-demand-pulls-down-electricity-spot-market-prices

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