Philippines suspends spot power sales as Iran war sends prices soaring

SINGAPORE — The Philippines suspended electricity sales on the Wholesale Electricity Spot Market until further notice on Thursday due to fuel supply risks and price volatility caused by the Iran war. The suspension – a rare state intervention in one of the few Asian markets where electricity bills are linked to market prices – was ordered under a […] The post Philippines suspends spot power sales as Iran war sends prices soaring appeared first on Interaksyon.