Semirara Mining & Power Corp. (SMPC) Chairman Isidro Consunji said the country’s power situation next year is going to be “more challenging than before” because of tight supply amid an improvement in the country’s economy. Know more:
Semirara Mining & Power Corp. Chairman Isidro Consunji said the country’s power situation next year is going to be “more challenging than before” because of tight supply amid an improvement in the country’s economy.
He also noted that electricity prices are higher during June and July than higher in the hot dry season, when demand as its peak. Earlier, the Department of Energy said it expects 17 yellow and three red alert warnings in May and June next year, mainly on account of thin power reserves in the Luzon grid.
“This usually falls in May and June because hydro plants in Luzon are unable to deliver at this particular point. So, these are the ones we are attending to with sense of urgency and which is to plan for how to bridge this particular gap,” said DOE Secretary Raphael Lotilla.
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