VisMin Consumers Face Higher Power Bills Amidst Coal Plant Shutdowns
Consumers in the Visayas and Mindanao regions of the Philippines are set to face significantly higher electricity bills in September due to record-high spot power prices. This surge is attributed to the forced shutdown of several coal power plants, leading to a substantial increase in wholesale electricity spot market (WESM) rates, with Mindanao seeing an 88% jump.
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- VisMin Consumers Brace for Higher Power Rates in September
Consumers in the Visayas and Mindanao regions of the Philippines are anticipating a significant increase in electricity bills this September. This is due to a surge in power prices on the Wholesale Electricity Spot Market (WESM), with Mindanao potentially seeing an 88% rise from the previous month.