DAILY MARKET UPDATE

10 March 2018, Saturday

TODAY'S SUMMARY OF MARKET CONDITIONS

SYSTEM LUZON VISAYAS
The Daily Market Update (DMU) is a regular market report that
MIN 10,057 8,251 1,807
aims to provide an overview of the market movements that have
transpired in the relevant trading day. It contains the following OFFER, MW AVE 10,409 8,583 1,826
information –
MAX 10,731 8,896 1,837
a. Hourly Summary of System Conditions
- Shows the Supply and Demand conditions, resulting HVDC MIN 7,765 6,511 1,196
flow schedule, generation mix (ex-ante), and outage per fuel
type DEMAND, MW AVE 8,844 7,370 1,474

MAX 9,837 8,162 1,720

b. Pricing Conditions
- This section contains information on the resulting hourly market
prices of the trading day. It provides a summary of the SUMMARY OF MARKET PRICES
pricing errors, reason for the issuance of pricing errors, and
hourly trends of market prices. SYSTEM LUZON VISAYAS

c. Market Indices MIN 3,055 3,055 3,055

- Market indices such as the Residual Supply Index, Pivotal TODAY
Supplier Frequency Index, and Price Setting Frequency Index AVE 5,470 5,475 5,446
(PRELIM)
may be found in this portion of the report
MAX 8,991 9,091 8,533
d. Other Relevant Market Information MIN 2,948 3,042 2,161
- Contains all other market information identified to have had a
THIS MONTH
significant impact on the market outcomes AVE 6,493 6,499 6,461
(PRELIM)
MAX 31,709 32,827 25,874

MIN 1,572 1,572 -

PREVIOUS
MONTH AVE 3,744 3,750 3,711
(FINAL)
MAX 14,197 14,307 13,651

Disclaimer/Waiver: This publication aims to provide a timely overview of the actual market trading outcomes that transpired during the relevant trading day in the Wholesale Electricity Spot Market (WESM).
As such, PEMC does not make any representation or warranties as to the completeness or accuracy of the information. PEMC, likewise, accepts no responsibility or liability whatsoever, for any loss or costs
incurred by the reader arising from, or in relation to, any conclusions or assumptions derived from the information found herein.
 Daily Market Update
Trading Day: 10 March 2018, Saturday Ref# DMU_20180310-069

HOURLY SUMMARY OF SYSTEM CONDITIONS

GENERATION OFFERS, AVAILABLE SUPPLY, AND TOTAL REQUIREMENT (SYSTEM, EX-ANTE) HVDC FLOW SCHEDULE

VISAYAS TO LUZON
16000 AVAILABLE SUPPLY 400
GENERATION OFFER LUZON TO VISAYAS

14000 DEMAND
300
12000
200

MEGAWATT
MEGAWATT

10000

8000 100

6000
0
4000
-100
2000

0 -200
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

HOURLY TREND OF THE GENERATION OFFERS, AVAILABLE SUPPLY, AND REQUIREMENT (ENERGY AND RESERVE) AT EX-ANTE SCHEDULED HVDC FLOW AT EX-ANTE, WHICH CAN EITHER BE FROM THE VISAYAS TO LUZON OR FROM LUZON TO THE VISAYAS.
NOTE: RESERVES (OFFERS AND REQUIREMENT) IN THE LUZON GRID ARE ONLY REFLECTED IN THE ILLUSTRATION ABOVE ZERO INDICATES NO POWER FLOW BETWEEN THE LUZON AND VISAYAS GRIDS.

OUTAGE BY FUEL TYPE (SYSTEM, EX-ANTE) GENERATION MIX (SYSTEM, EX-ANTE)

4000 HYDRO GEOTHERMAL COAL NATURAL GAS DIESEL/OIL

HYDRO
DIESEL/OIL
3.0% 5.7%
3500 GEO
11.6%
3000

2500
MEGAWATT

NAT GAS
2000 28.2%

1500

1000

500

0 COAL
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 46.7%

CAPACITY ON OUTAGE (IN MW) BY RESOURCE TYPE DURING THE TRADING DAY DAILY GENERATION MIX BY RESOURCE TYPE (IN %) BASED ON THE SCHEDULED GENERATION DURING THE TRADING DAY

WEATHER INFORMATION

REGION MIN TEMP, °C MAX. TEMP, °C RAINFALL, MM

LUZON 25 30 0.00
VISAYAS 23 32 0.23
 Daily Market Update
Trading Day: 10 March 2018, Saturday Ref# DMU_20180310-069

HOURLY SUMMARY OF ENERGY AND RESERVE CONDITIONS

UPON IMPLEMENTATION OF THE CENTRAL SCHEDULING, GENERATION OFFERS ARE NOW INCLUSIVE OF THE RESERVE CAPACITY SCHEDULED BY NGCP BY WAY OF THE ANCILLARY SERVICE PROCUREMENT AGREEMENT (ASPA). RESERVE OFFERS ARE ALSO DECLARED
IN THE WESM, BUT ARE CONSISTENT WITH NGCP'S SCHEDULED RESERVE CAPACITIES. SINCE "CENTRAL SCHEDULING" IS NOT IN ANY FORM A "RESERVE MARKET", HENCE, ALL RESERVE SCHEDULES ARE STILL SETTLED THROUGH THEIR RESPECTIVE ASPA

SUPPLY AND EX-ANTE SCHEDULES (ENERGY AND RESERVE, LUZON) REGULATION (RAISE/LOWER) REQUIREMENT AND OFFERS (LUZON)

AVAILABLE SUPPLY DISPATCHABLE SCHEDULE CONTINGENCY SCHEDULE RESERVE OFFER

12000 220
REGULATION SCHEDULE ENERGY NET OF LOWER REG ENERGY DEMAND REQUIREMENT
200
11000
180

10000 160

MEGAWATT
MEGAWATT

140
9000 120
100
8000
80
7000 60
40
6000
20
5000 0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

HOURLY TREND OF THE GENERATION OFFERS, AVAILABLE SUPPLY, AND SCHEDULES (ENERGY AND RESERVE) AT EX-ANTE HOURLY TREND OF THE REGULATION RESERVE REQUIREMENT AND OFFERS. THE VALUES REFLECTED HERE ARE FOR REGULATION
PLEASE NOTE THAT A COMPONENT OF THE REGULATION RESERVE IS ALREADY INCLUDED IN THE ENERGY SCHEDULE RAISE (UPWARD DISPATCH) AND LOWER (DOWNWARD DISPATCH). i.e. A REGULATION REQUIREMENT OF 100 MW MEANS THERE IS
FOR LOWER REGULATION A NEED FOR 100 MW UPWARD AND A 100 MW DOWNWARD DISPATCH. THE SAME APPLIES FOR THE OFFERS AND SCHEDULES.

CONTINGENCY REQUIREMENT AND OFFERS (LUZON) DISPATCHABLE REQUIREMENT AND OFFERS (LUZON)

800 RESERVE OFFER 800 RESERVE OFFER

REQUIREMENT REQUIREMENT
700 700

600 600
MEGAWATT

MEGAWATT

500 500

400 400

300 300

200 200

100 100

0 0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

HOURLY TREND OF THE CONTINGENCY RESERVE REQUIREMENT AND OFFERS HOURLY TREND OF THE DISPATCHABLE RESERVE REQUIREMENT AND OFFERS
 Daily Market Update
Trading Day: 10 March 2018, Saturday Ref# DMU_20180310-069

PRICING CONDITIONS
PEN SUMMARY REASONS FOR PRICING ERRORS

EX-ANTE EX-POST
EX-ANTE EX-POST
LUZON VISAYAS LUZON VISAYAS
HOUR HOUR
CONDITION PRICES USED CONDITION PRICES USED CONDITION PRICES USED CONDITION PRICES USED V U O B C DE NR PSM V U O B C DE NR PSM

1 PSM LELRP_D PSM VELRP_D - LLWAP_X - VLWAP_X 1 S

2 - LLWAP_D - VLWAP_D - LLWAP_X - VLWAP_X 2
3 - LLWAP_D - VLWAP_D - LLWAP_X - VLWAP_X 3
4 - LLWAP_D - VLWAP_D - LLWAP_X - VLWAP_X 4
5 - LLWAP_D - VLWAP_D - LLWAP_X - VLWAP_X 5
6 PSM LELRP_D PSM VELRP_D PSM LELRP_X PSM VELRP_X 6 S S
7 - LLWAP_D - VLWAP_D - LLWAP_X - VLWAP_X 7
8 PSM LELRP_D PSM VELRP_D PSM LELRP_X PSM VELRP_X 8 S S
9 PSM LELRP_D PSM VELRP_D PSM LELRP_X PSM VELRP_X 9 S S
10 PEN LELRP_X PEN VELRP_X PSM LELRP_X PSM VELRP_X 10 S S
11 PSM LELRP_D PSM VELRP_D PSM LELRP_X PSM VELRP_X 11 S S
12 PSM LELRP_D PSM VELRP_D PSM LELRP_X PSM VELRP_X 12 S S
13 PSM LELRP_D PSM VELRP_D PSM LELRP_X PSM VELRP_X 13 S S
14 PSM LELRP_D PSM VELRP_D PSM LELRP_X PSM VELRP_X 14 S S
15 PSM LELRP_D PSM VELRP_D PSM LELRP_X PSM VELRP_X 15 S S
16 PSM LELRP_D PSM VELRP_D PSM LELRP_X PSM VELRP_X 16 S S
17 - LLWAP_D - VLWAP_D PSM LELRP_X PSM VELRP_X 17 S
18 - LLWAP_D - VLWAP_D - LLWAP_X - VLWAP_X 18
19 - LLWAP_D - VLWAP_D PSM LELRP_X PSM VELRP_X 19 S
20 - LLWAP_D - VLWAP_D - LLWAP_X - VLWAP_X 20
21 - LLWAP_D - VLWAP_D - LLWAP_X - VLWAP_X 21
22 - LLWAP_D - VLWAP_D - LLWAP_X - VLWAP_X 22
23 - LLWAP_D - VLWAP_D - LLWAP_X - VLWAP_X 23
24 - LLWAP_D - VLWAP_D - LLWAP_X - VLWAP_X 24

HOURLY PRICING RESULTS FOR BOTH THE EX-ANTE AND EX-POST MARKET RUNS. IT MUST BE NOTED, HOWEVER, SUMMARY OF THE REASONS BEHIND THE ISSUANCE OF PRICING ERROR NOTICES FOR EACH TRADING INTERVAL
THAT THE PRICING CONDITIONS INDICATED IN THIS TABLE ARE NOT YET FINAL.

SUMMARY OF CONDITIONS SUMMARY OF PRICES USED SUMMARY OF NOTATIONS INDICATION OF PREFIXES

"-" MARKET RUN HAS NO PRICING ERROR LWAP_D RTD LOAD-WEIGHTED AVERAGE PRICE
PSM INDICATES THAT A CONGESTION PRICING ERROR LWAP_X RTX LOAD-WEIGHTED AVERAGE PRICE
WAS ENCOUNTERED DURING THE MARKET RUN
AFFECTING EITHER REGION OR BOTH UNCP_D RTD ESTIMATED LOAD REFERENCE PRICE
PEN INDICATES THAT A NON-CONGESTION OR LOCALIZED UNCP_X RTX ESTIMATED LOAD REFERENCE PRICE
CONGESTION PRICING ERROR WAS ENCOUNTERED
DURING THE MARKET RUN AFFECTING EITHER REGION PE ESTIMATED PRICE IN PLACE OF MRR PRICE
OR BOTH
AP ADMINISTERED PRICE
MI INDICATES THAT A MARKET INTERVENTION WAS
INITIATED BY THE SO OR MO AFFECTING EITHER * NOTE: PREFIXES ARE AFFIXED FOR THE REMARKS TO
REGION OR BOTH INDICATE THE REGION – "L" FOR LUZON AND
"V" FOR THE VISAYAS
V NODAL VALUE OF LOST LOAD (VoLL) S INDICATES THAT THE PRICING ERROR AFFECTED
THE SYSTEM (LUZON-VISAYAS)
U UNDER-GENERATION
L MEANS THAT THE PEN WAS ISSUED ONLY IN LUZON
O OVER-GENERATION
V INDICATES THAT THE PEN WAS ISOLATED ONLY IN
B BASE CASE CONSTRAINT VIOLATION THE VISAYAS
C CONTINGENCY CONSTRAINT VIOLATION
DE DATA ERROR OR ERRONEOUS DATA INPUT
NR NO RESULTS
PSM SUBJECTED TO THE PRICE SUBSTITUTION
METHODOLOGY FOR CONGESTION
 Daily Market Update
Trading Day: 10 March 2018, Saturday Ref# DMU_20180310-069

MARKET PRICES (SYSTEM, EX-ANTE) LOAD WEIGHTED AVERAGE PRICE (SYSTEM AND REGIONAL, EX-ANTE)

ADMIN PRICE SYSTEM LWAP

15000 15000 15000
UNCONS. PRICE LUZON PRICE
EST. PRICE
VISAYAS PRICE

NODAL PRICE, PESOS PER MWh

SYSTEM LWAP, PESOS PER MWh

SYSTEM LWAP
MAX NODAL PRICE
12000 12000 12000
MIN NODAL PRICE

LWAP, PESOS PER MWh

9000 9000 9000

6000 6000 6000

3000 3000 3000

0 0 0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

HOURLY TREND OF PRICES USED AND THE MAXIMUM AND MINIMUM NODAL PRICES DURING THE TRADING DAY HOURLY TREND OF THE SYSTEM AND REGIONAL LWAP DURING THE TRADING DAY

LOAD WEIGHTED AVERAGE PRICE DISTRIBUTION (SYSTEM, EX-ANTE) LOAD WEIGHTED AVERAGE PRICE (PER AREA, EX-ANTE)

100 TODAY THIS MONTH NORTH LUZON METRO MANILA SOUTH LUZON LEYTE/SAMAR CEBU NEGROS BOHOL PANAY

15000
80

LWAP, PESOS PER MWh

12000
PERCENT OF TIME

60
9000

40
6000

20
3000

0
0
0 and Below 0 - 2000 2000 - 4000 4000 - 6000 6000 - 8000 8000 - 10000 and
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
10000 Above

DISTRIBUTION OF THE HOURLY SYSTEM LWAP DURING THE TRADING DAY AND THE CURRENT BILLING MONTH. HOURLY LWAP TREND IN VARIOUS AREAS IN LUZON AND THE VISAYAS, SUCH AS NORTH LUZON, METRO MANILA,
THE DAILY AND MONTHLY PERCENT OF TIME IS CALCULATED BASED ON A 24-HOUR TIME PERIOD AND THE TOTAL SOUTH LUZON, LEYTE/SAMAR, CEBU, NEGROS, BOHOL, AND PANAY
NUMBER OF HOURS DURING THE CURRENT BILLING MONTH AS OF THE TRADING DAY, RESPECTIVELY.
 Daily Market Update
Trading Day: 10 March 2018, Saturday Ref# DMU_20180310-069

MARKET INDICES
MARKET RESIDUAL SUPPLY INDEX VS. PIVOTAL SUPPLIERS (SYSTEM) PIVOTAL SUPPLIER FREQUENCY INDEX (SYSTEM)

200 MARKET RSI 10 - NO 100

PIVOTAL SUPPLIER DURING THE TRADING DAY
PIVOTAL SUPPLIERS

NO. OF PIVOTAL SUPPLIERS

160 8 80
MARKET RSI (PERCENT)

PERCENT OF TIME
120 6 60

80 4 40

40 2 20

0 0 0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

HOURLY TREND OF THE MARKET RESIDUAL SUPPLY INDEX (MARKET RSI) PLOTTED AGAINST THE NUMBER OF
PIVOTAL SUPPLIER/S. THE RSI MEASURES THE RATIO OF AVAILABLE GENERATION WITHOUT A GENERATING
PLANT TO THE TOTAL GENERATION REQUIRED TO SUPPLY THE DEMAND. THE PERCENTAGE OF TIME THAT A GENERATING PLANT WAS PIVOTAL DURING THE TRADING DAY. THE PERCENTAGE OF
TIME IS CALCULATED BASED ON A 24-HOUR TIME PERIOD.

PRICE SETTING FREQUENCY INDEX (SYSTEM, EX-ANTE)

100 PERCENT 10
FREQUENCY
FREQUENCY, NO. OF INTERVALS

80 8
PERCENT OF TIME

60 6

40 4

20 2

0 0

THE FREQUENCY AND PERCENTAGE OF TIME THAT A GENERATING PLANT BECAME THE MARGINAL GENERATOR
(PRICE SETTER) DURING THE TRADING DAY. THE PERCENT OF TIME IS CALCULATED BASED ON A 24-HOUR
TIME PERIOD.
 Daily Market Update
Trading Day: 10 March 2018, Saturday Ref# DMU_20180310-069

OTHER RELEVANT MARKET INFORMATION

LINE CONSTRAINTS (EX-ANTE)

RESOURCE ID REGION EQUIPMENT TYPE CONSTRAINT TYPE LIMIT TYPE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

SAMBOAN-AMLAN L1 VISAYAS NETWORK BASE CASE BINDING
BAUANG- LA TRINIDAD
LUZON NETWORK N-1 BINDING
L1
BAUANG-BALINGUEO
LUZON NETWORK N-1 BINDING
L1
BACOLOD-BAROTAC L1 VISAYAS NETWORK BASE CASE BINDING

LINE CONSTRAINTS (EX-POST)

RESOURCE ID REGION EQUIPMENT TYPE CONSTRAINT TYPE LIMIT TYPE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

BACOLOD-BAROTAC L1 VISAYAS NETWORK BASE CASE BINDING
SAMBOAN-AMLAN L1 VISAYAS NETWORK BASE CASE BINDING

OTHER NOTABLE EVENTS THAT AFFECTED MARKET CONDITIONS

- THERE WAS A NATURAL GAS FUEL RESTRICTION FROM SPEX MALAMPAYA ONSHORE GAS
PLANT AT 0001H, LIMITING ILIJAN CCPP (1200MW CAPACITY) TO 857MW.

- TPC TG4 WENT ONLINE AT 0218H.

- SCPC 3 (WITH 140MW LOAD) TRIPPED AT 1157H, ON COMMISSIONING TEST WITH

LOWEST FREQUENCY OF 59.60HZ. IT WENT ONLINE AT 1341H.

- VISAYAS GRID WAS PLACED UNDER YELLOW ALERT AT 1815H WITH RESERVE BELOW
SYSTEM RESERVE REQUIREMENT. DERATED PLANTS WERE EDC(366MW), LGPP(55MW)
AND PGPP. IT WAS LIFTED AT 1915H.

- THVI UNIT 1 (WITH INITIAL LOAD OF 8.5MW) WENT ONLINE AT 2203H, UNDER TEST
AND COMMISSIONING.

LISTED HERE ARE ALL OTHER SIGNIFICANT EVENTS THAT WERE NOT TOTALLY CAPTURED IN THE
PREVIOUS GRAPHS AND TABLES, SUCH AS, LOAD DROPPING (AUTOMATIC OR MANUAL),
GENERATOR TRIPPING (UNPLANNED), SIGNIFICANT LINE OUTAGES, MARKET INTERVENTIONS, ETC.