Renewable energy developer SN Aboitiz Power Group (SNAP) looks to add 10 megawatts up to 60 megawatts more to an existing solar portfolio but is unsure where to deploy it until events turn definite hopefully early next year.
The Department of Energy projects sufficient power generation from the various power companies next year enough for the DOE to rule out yellow or red alerts no matter the feared impact of the El Niño weather disruptions.
The average price of electricity at the Wholesale Electricity Spot Market (WESM) eased in December, according to the Independent Electricity Market Operator of the Philippines (IEMOP). It attributed the decrease in the average spot price of power to higher levels of reserves.