Electricity spot market also reels from price shock 

MANILA, Philippines — Spot power prices are expected to hit P9 per kilowatt hour (kWh) as conflict in the Middle East continues, prompting regulators to temporarily shut down the operations of the local electricity spot market. The Wholesale Electricity Spot Market (WESM) across the Luzon, Visayas, and Mindanao grids would be suspended effective Thursday to