Cooler weather pulled down electricity spot prices in July

The prices of electricity on the spot market continued to decline in July as the onset of the rainy season dampened demand, the Independent Electricity Market Operator of the Philippines (IEMOP) reported on Friday. IEMOP, which operates the Wholesale Electricity Spot Market (WESM), said the average cost of electricity traded declined to P5.97 per kilowatt-hour
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