Curious about what happened in the energy market this past week?
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Curious about what happened in the energy market this past week? Mabuhay Energy's Weekly Market Update has you covered! We've compiled for you the Luzon and Visayas average electricity prices and demand per day, along with the power plant activities that occurred within each day. We also include environmental factors that may affect our electricity prices and demand. Weekly Rundown: Typhoon "Goring" and "Hanna" bring heavy rainfall to the country as the average electricity demand in the Luzon-Visayas grid went to as low as 9,983 MW while average electricity prices went down to as low as Php 3.26 per kwH. The rains brought by the typhoons resulted in lower daily temperatures which led to less strain and usage of cooling appliances such as air-conditioning. Suspensions of classes and government offices also contributed to the lower electricity demand. Here's the day-to-day breakdown: Aug 27: Sunday - Typhoon "Goring" affects the country and brings heavy rainfall. Ilijan 1 is online. Aug 28: Monday - Typhoon "Goring" affects the country and brings heavy rainfall. Aug 29: Tuesday - Typhoon "Goring" affects the country and brings heavy rainfall. Aug 30: Wednesday - Typhoon "Goring" affects the country and brings heavy rainfall. Pagbilao Unit 2 is online. Aug 31: Thursday - Typhoon "Goring" affects the country and brings heavy rainfall. Sta. Rita Module 20 and SLTEC Unit 1 are online. Sept 1: Friday - Tropical Storm "Hanna" was estimated East of Extreme Northern Luzon and brought heavy rainfall to the country. Calaca Unit 2 tripped. Sept 2: Saturday - Typhoon "Hanna" affects the country and brings heavy rainfall. Stay abreast on the happenings in the Philippine energy market by following us on social media! info.mabuhayenergy.com/Linkedin info.mabuhayenergy.com/Facebook Data source: https://www.iemop.ph/ Mabuhay Energy: Your Partner for Growth
