The Independent Electricity Market Operator of the Philippines (IEMOP) expects peak demand levels in the Luzon and Visayas grids to be at over 12,000 megawatts (MW) due to government restrictions.
In a virtual briefing yesterday, IEMOP said peak demand for April is seen at 12,190 MW before rising slightly to 12,400 MW and 12,611 MW in May and June, respectively. Last month, peak demand hit 12,582 MW.
However, IEMOP said actual movement of power demand will depend on the quarantine restrictions in the coming months.
IEMOP said the price of electricity in the wholesale electricity spot market (WESM) recorded an increase due to the higher frequency of unplanned generator outages and rise in demand.
From February’s P2.22 per kilowatt hour (kWh), the average price doubled to P4.16 per kWh in March.
IEMOP said from the original planned daily outage capacity of 996 MW for a month, the average generator outage capacity increased to 2,575 MW.
But IEMOP said supply levels are generally sufficient to support demand requirement. -Jed Macapagal