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No WESM price spikes seen through 2025
The Freeman
|July 08, 2025
Electricity rates in the country's spot market are likely to remain stable for the rest of the year amid ample supply margins, according to the Independent Electricity Market Operator of the Philippines.
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IEMOP trading operations head Isidro Cacho Jr. is not seeing “significant” price increases in the third quarter.
“We hope to see a stable supply margin for the rest of the year. If it (price) rises, it will likely be around P4 or P5 due to the ample margin we're seeing in the market,” Cacho told reporters over the weekend.
He is counting on the entry of 1,400 megawatts (MW) of gas capacity and a major surge in solar power integration, especially in the Luzon grid.
Unplanned outages of several power plants were said to have decreased this year, unlike in 2024, which saw at least 78 yellow and red alerts.
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