Green Tiger Markets completed the first trade on its forward marketplace for Philippines electricity. This marks the first time commercial parties in the country secured future electricity prices through an independent platform. The transaction took place between two participants in the Luzon electricity grid at 6800 Pesos per megawatt hour for wholesale electricity from August to December. The platform offers an alternative to long-term contracts, providing a quick and easy way for commercial participants to contract forward electricity prices with qualified counterparties. Green Tiger Markets aims to promote transparency, price discovery, and liquidity in the energy market to facilitate a sustainable energy future in the region.
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