The P56-billion major project of the electricity superhighway run by National Grid Corp. of the Philippines will enable Luzon, Visayas and Mindanao to share energy sources across the network and ensure available supply in the country.
According to Guevara, Mindanao utilizes only 66 percent of its power capacity, meaning it could export the remaining 34 percent to the Visayas. Excess supply can then be further transmitted to Luzon. “We monitor the market every time and there are times when [prices] really go down … We expect that it would not be that bad,” she said.
Source: News Formal (newsformal.com)
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