19 April 2024
MARKET PRICES AMIDST RED AND YELLOW ALERTS
From 16 to 18 April 2024, the average supply, demand, and prices in the spot market are as follows:
Note that these prices are still subject to pricing validations/corrections which will be done towards the end of the current WESM billing month.
Effective WESM rates are computed based on the total monthly spot transactions.
The system peak demand has reached 18,256 MW on 17 April 2024 at 1450H with a supply of 20,108 MW. While the margin of supply is currently meeting demand, localized power interruptions have been experienced in areas of extremely high demand. IEMOP supports the Department of Energy’s campaign to implement energy conservation measures and optimize energy usage during peak hours in both businesses and households.
