Rising generation and transmission costs continue to push up power rates across the country, with distribution utilities affected whenever the National Grid Corporation of the Philippines (NGCP) places the Visayas under yellow or red alert. Manual load-shedding during these alerts, caused by supply shortfalls, has disrupted normal operations. Limited supply amid high demand has driven prices higher, forcing many distribution utilities and electric cooperatives to raise their rates. In June, MORE Power relied more on bilateral suppliers because prices in the Wholesale Electricity Spot Market (WESM) surged. Sixty-two percent of MORE Power’s supply came from bilateral contracts and 38 percent from WESM. Spot market prices climbed from ₱4.45/kWh to ₱10.30/kWh. Overall, the generation rate rose by ₱2.10/kWh, reaching ₱7.735/kWh. Meanwhile, MORE Power’s average distribution charge remains unchanged at ₱1.85/kWh and has been stable for more than three years. This June, MORE Power’s rate reach...
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