June power bills go up as spot market prices rise

MANILA, Philippines — Consumers may see higher electricity bills this month after wholesale electricity prices surged during the June billing period, reflecting tighter power supply conditions across the country. Data from the Independent Electricity Market Operator of the Philippines (IEMOP) showed that the system-wide average Wholesale Electricity Spot Market (WESM) price climbed by 22.7 percent

By cbuban