Power Shortages Boost Reliance on Generators

Akihiro Komuro
Akihiro Komuro

Amid rising demand during the dry season and the risk of power plant outages, concerns are mounting in the Philippines over tight electricity supplies. The Energy Regulatory Commission (ERC) has noted that prices on the Wholesale Electricity Supply Market (WESM) could increase by approximately 4 pesos per kWh.

This increase is due to a combination of factors, including high temperatures, the shutdown of some power plants, and rising fuel costs.

These conditions are also causing instability in the power supply at the regional level. For instance, Boracay’s supply capacity has not kept pace with the surge in electricity demand fueled by the tourism recovery, prompting the use of generators in some areas. Although transmission operators aim to avoid power outages through future infrastructure improvements, reliance on backup power sources continues to some extent.

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Iran War, Worldwide Tariffs Disrupt Global Markets

Guy Youngs
Guy Youngs

Strait of Hormuz. On Saturday, Feb. 28, the USA and Israel launched a joint attack on Iran which resulted, among other things, in the death of several of Iran’s senior leadership, including the Grand Ayatollah Ali Khamenei. Apart from targeting the leadership, the attacks were also aimed at the Islamic Revolutionary Guard Corps (the Iranian paramilitary organization whose official role is to support the Islamic Republic).

Iran has long threatened, if attacked, to drag the region into total war, including targeting Israel, the Gulf Arab states and the flow of crude oil crucial for global energy markets. So, in retaliation, Iran has launched a series of attacks on gulf states, Cyprus, the US Navy carrier groups in the Gulf and the Mediterranean. The US responded to these attacks by wiping out the Iranian navy and hitting various missile sites in Iran.

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