MARKET OPERATIONS

HIGHLIGHTS

Media Briefing for June 2023 WESM Results

19 July 2023 | Online via Zoom

 Operational
01 Highlights
(Luzon-Visayas)
 MARKET OPERATIONS HIGHLIGHTS 03

OPERATIONAL HIGHLIGHTS Drop in demand due

Luzon-Visayas Supply, Demand, and Price1 [26 Apr to 16 Jul 2023] to cold weather
brought by
southwest
SPC was imposed due to sustained high prices brought by forced and planned outages in Drop in demand in celebration of Increase in demand due to high monsoon enhanced
addition to the increase in demand brought by summer period. Independence Day heat index brought by El Niño by severe tropical
storm “Dodong”

SPC Imposition
Billing Market Intervention was declared in
[ No. of Intervals ( Percent of time)]
Month Visayas due to implementation of
Luzon Visayas MLD to prevent overloading of 138kV
May 2023 2,443 (28.3%) 2,244 (26.0%) Cebu – Mandaue Line 1
1355H-1400H 13 June 2023
June 2023 822 (9.21%) 822 (9.21%)

SUPPLY EFFECTIVE SUPPLY DEMAND + RESERVE DEMAND PRICE INTERVALS WITH SPC

AVERAGE HIGHEST DEMAND

PERIOD SUPPLY EFF SUPPLY2 DEMAND RESERVE3 MARGIN PRICE4 SUPPLY EFF SUPPLY2 DEMAND RESERVE3 MARGIN PRICE4
DATE AND TIME
COVERED (MW) (MW) (MW) (MW) (MW) (PHP/KWH) (MW) (MW) (MW) (MW) (MW) (PHP/KWH)
May 2023 Billing 14,811 13,072 12,062 510 2,238 8.83 05/18/2023 14:35 16,569 15,562 14,800 684 1,086 12.25
June 2023 Billing 15,145 12,862 11,641 595 2,909 6.67 06/21/2023 14:20 16,799 15,559 14,551 890 1,358 22.74
July 2023 Billing5 14,858 12,692 11,486 437 2,935 6.07 07/06/2023 13:35 16,212 15,422 14,833 633 746 29.29
1 Hourly average values are shown on the graph 3 Reserve Schedules (Regulating, Contingency & Dispatchable)
2 Effective supply exclusive of reserves and reflective of generator ramping limitations 4 Intervals may be applied with Secondary Price Cap (SPC) 5 Updated until 16 July 2023
 MARKET
MARKETOPERATIONS
OPERATIONSUPDATE
HIGHLIGHTS04 04

LUZON PEAK DEMAND

The 2023 Luzon peak demand
is 419 MW or 3.5% higher as
compared to that of 2022
2023 LUZON PEAK
2022 LUZON PEAK DEMAND (12,522 MW) at
DEMAND (12,103 MW) at 1415H of 06 July 2023
1435H of 12 May 2022

2021 LUZON PEAK

DEMAND (11,601 MW) at
1400H of 28 May 2021

PEAK DEMAND
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YEAR % DIFF
(MW)
2023 9,779 10,220 11,474 12,222 12,417 12,344 12,522 12,522 2.6%
2022 9,444 10,056 11,617 11,492 12,103 11,838 11,278 11,272 11,459 11,253 10,958 10,818 12,103 4.3%
2021 9,124 9,544 10,487 10,382 11,591 11,601 11,049 10,265 10,451 10,803 10,550 9,999 11,601 4.8%
2020 9,618 9,850 11,065 8,277 9,607 10,594 10,552 10,345 10,563 10,303 9,839 9,608 11,065 2.1%
2019 9,061 9,246 10,109 10,889 11,181 11,307 10,927 10,544 10,260 10,811 10,348 9,978 11,307
As of 16 July 2023
 MARKET
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OPERATIONSUPDATE
HIGHLIGHTS05 05

The 2023 Visayas peak demand

VISAYAS PEAK DEMAND is 159MW or 6.9% higher as
compared to that of 2022

2023 VISAYAS PEAK

2022 VISAYAS PEAK
DEMAND (2,456 MW) at
DEMAND (2,297 MW) at
1420H of 17 May 2023
1435H of 14 September 2022

2021 VISAYAS PEAK

DEMAND (2,177 MW) at
1400H of 06 May 2021

PEAK DEMAND
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YEAR % DIFF
(MW)
2023 2,049 2,048 2,247 2,380 2,456 2,382 2,340 2,456 6.9%
2022 1,710 1,944 2,143 2,156 2,285 2,222 2,121 2,191 2,297 2,261 2,171 2,176 2,297 5.5%
2021 1,910 1,941 2,146 2,138 2,177 2,151 2,107 2,140 2,089 2,145 2,154 2,135 2,177 1.1%
2020 2,063 2,201 2,143 1,786 1,966 2,053 1,941 2,071 2,099 2,008 2,040 2,013 2,201 -
2019 1,829 1,865 1,996 2,069 2,193 2,180 2,113 2,133 2,162 2,201 2,153 2,150 2,201
As of 16 July 2023
 Market Transactions MARKET OPERATIONS HIGHLIGHTS 06

Luzon and Visayas

BILLING PERIOD Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Metered Quantity (GWh) 7,226 7,259 7,374 7,280 7,180 6,823 6,388 6,845 6,387 7,663 8,079 8,044
Bilateral Quantity (GWh) 6,627 6,241 6,485 6,313 6,338 5,894 5,421 5,720 5,066 6,362 6,852 6,783
Spot Quantity (GWh) 599 1,018 889 967 842 929 967 1,125 1,321 1,302 1,227 1,261
Daily Average MQ1 (GWh) 241 234 238 243 232 227 206 221 228 247 269 259
Customer ESSP2 (PhP/KWh) 8.91 7.13 9.16 9.21 8.62 8.80 5.82 7.62 6.78 8.20 9.30 6.95
1 Daily Average MQ is computed as [Total MQ / Total No. of Days] for the billing month
2 ESSP refers to Effective Spot Settlement Price. Prices used in the settlement are reflective of zero congestion cost component for Negros-Panay Generator and Loads as per ERC Directive (Until Oct 2022 Billing).
 MARKET OPERATIONS HIGHLIGHTS 07

Market Transactions
Luzon and Visayas
 MARKET OPERATIONS HIGHLIGHTS 08

Generation Mix
Luzon and Visayas June 2023
Apr-2023 May-2023 Jun-2023
TYPE
GWh % GWh % GWh %

COAL 5,210 64.8 5,438 64.4 5,344 63.3

NAT.
1,204 15.0 1,367 16.2 1,461 17.3
GAS

GEO 838 10.4 818 9.7 862 10.2

HYDRO 259 3.2 253 3.0 341 4.0

BIOMASS 74 0.9 67 0.8 55 0.7

OIL-
141 1.8 232 2.7 116 1.4
BASED

WIND 90 1.1 57 0.7 56 0.7

SOLAR 226 2.8 218 2.6 204 2.4

BATTERY 2 0.02 0 0.00 0 0.00

TOTAL 8,043 100 8,449 100 8,439 100

Operational
Highlights
(Mindanao)
 OPERATIONAL HIGHLIGHTS MARKET OPERATIONS HIGHLIGHTS 010

Mindanao Supply, Demand, and Price1 [26 Apr to 16 Jul 2023]

SPC was imposed System-wide (LVM) due to sustained high prices caused by
Drop in demand in celebration of Drop in supply due to forced
tight supply margin in Luz-Vis and with power exchanges between Vis-Min
Independence Day outage of several baseload plants
1705H – 2315H of 23 May 2023

SUPPLY EFFECTIVE SUPPLY DEMAND + RESERVE DEMAND PRICE INTERVALS WITH SPC

AVERAGE HIGHEST DEMAND

PERIOD SUPPLY EFF SUPPLY2 DEMAND RESERVE3 MARGIN PRICE4 SUPPLY EFF SUPPLY2 DEMAND RESERVE3 MARGIN PRICE4
DATE AND TIME
COVERED (MW) (MW) (MW) (MW) (MW) (PHP/KWH) (MW) (MW) (MW) (MW) (MW) (PHP/KWH)
May 2023 Billing 2,946 2,156 1,887 111 949 6.21 05/19/2023 14:20 3,014 2,598 2,416 100 498 21.07
June 2023 Billing 3,203 2,085 1,805 111 1,287 3.34 05/30/2023 14:15 3,300 2,558 2,332 90 878 6.13
July 2023 Billing5 3,192 2,074 1,809 122 1,261 3.83 07/06/2023 13:35 3,254 2,511 2,306 125 823 6.90
1 Hourly average values are shown on the graph 3 Reserve Schedules (Regulating, Contingency & Dispatchable)
2 Effective supply exclusive of reserves and reflective of generator ramping limitations 4 Intervals may be applied with Secondary Price Cap (SPC) 5 Updated until 16 July 2023
 MARKET OPERATIONS HIGHLIGHTS 011

Mindanao-Visayas HVDC Interconnection

NGCP started testing (with power exchange) of MinVis HVDC Interconnection on 30 April 2023

Mindanao-To-Visayas
HVDC POWER FLOW, MW

HVDC power flow @225MW

0405H-0500H of 28 June 2023
Visayas-To-Mindanao
 MARKET
MARKETOPERATIONS
OPERATIONSUPDATE
HIGHLIGHTS012 012

MINDANAO PEAK DEMAND

The 2023 Mindanao peak demand
is 249MW or 11.5% higher as
compared to that of 2022
2023 MINDANAO PEAK
DEMAND (2,416 MW) at
1420H of 09 May 2023
2021 MINDANAO PEAK
DEMAND (2,144 MW) at
1427H of 04 August 2021

2022 MINDANAO PEAK

DEMAND (2,167MW) at
1442H of 01 June 2022

PEAK DEMAND
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YEAR % DIFF
(MW)
2023 2,121 2,143 2,257 2,363 2,416 2,332 2,255 2,416 11.5%
2022 2,074 2,014 2,043 2,147 2,162 2,167 2,122 2,129 2,160 2,093 2,060 2,067 2,167 1.1%
2021 1,883 1,914 2,017 2,049 2,106 2,059 2,028 2,144 2,032 2,088 2,128 2,041 2,144 8.4%
2020 1,960 1,978 1,953 1,673 1,798 1,907 1,867 1,911 1,944 1,896 1,961 1,931 1,978 1.7%
2019 1,775 1,726 1,817 1,892 2,013 2,001 1,943 1,977 1,960 1,987 1,995 1,992 2,013
As of 16 July 2023
Market Transactions (Mindanao) MARKET OPERATIONS HIGHLIGHTS 013

BILLING PERIOD Feb-23 Mar-23 Apr-23 May-23 Jun-23

Metered Quantity (GWh) 1,132 1,058 1,206 1,227 1,209
Bilateral Quantity (GWh) 990 932 1,052 1,090 1,033
Spot Quantity (GWh) 142 126 154 136 177
Daily Average MQ1 (GWh) 37 38 39 41 39
Customer ESSP2 (PhP/KWh) 5.30 7.15 5.80 7.08 3.30
1 Daily Average MQ is computed as [Total MQ / Total No. of Days] for the billing month
2 ESSP refers to Effective Spot Settlement Price.
 MARKET OPERATIONS HIGHLIGHTS 014

Generation Mix
Mindanao June 2023
Apr-2023 May-2023 Jun-2023
TYPE
GWh % GWh % GWh %

COAL 774 62.7 812 64.6 742 59.8

GEO 58 4.7 58 4.7 59 4.8

HYDRO 364 29.5 341 27.2 403 32.4

BIOMASS 14 1.1 15 1.2 11 0.9

OIL-
15 1.2 20 1.6 15 1.2
BASED

SOLAR 11 0.9 9 0.7 10 0.8

BATTERY 0 0.0 0 0.0 0 0

TOTAL 1,235 100 1,257 100 1,241 100

02 Registration
Updates
 MARKET OPERATIONS HIGHLIGHTS 016

WESM Registered Capacities

WESM Registration Data as of 25 June 2023 | Luzon, Visayas, and Mindanao

Capacity Conventional Plants Renewable Energy Plants ESS*

(MW)
Region Coal Natural Oil Hydro Geo- Biomass Solar Wind Battery Total
Gas Based thermal

Luzon 8,458 3,286 1,741 2,537 751 182 990 417 271 18,630
45.4% 17.6% 9.3% 13.6% 4.0% 1.0% 5.3% 2.2% 1.5% 100.0%

Visayas 1,385 0 441 53 848 191 416 91 100 3,525

39.3% 0.0% 12.5% 1.5% 24.1% 5.4% 11.8% 2.6% 2.8% 100.0%

Mindanao 2,266 0 657 1,109 104 42 67 0 80 4,324

52.4% 0.0% 15.2% 25.6% 2.4% 1.0% 1.6% 0.0% 1.8% 100.0%

Total 12,108 3,286 2,838 3,699 1,703 415 1,474 507 451 26,480
45.6% 12.4% 10.9% 14.0% 6.6% 1.6% 5.6% 1.9% 1.7% 100.0%

*ESS refers to Energy Storage Systems

 MARKET OPERATIONS HIGHLIGHTS 017

REGISTRATION DEMOGRAPHICS
Records as of 25 June 2023 | Luzon, Visayas and Mindanao

410 WESM Participants 2,093 RCOA Participants 295 GEOP Participants

198 +2 Generation Companies 1,910 -2 Contestable Customers 236 +3 DU Connected End-user Customer
99 Electric Cooperatives 64 Retail Metering Services Provider 30 +1 GEOP Metering Services Provider
57 +2 Directly Connected Customers 40 Directly Connected Contestable Customer 17 Renewable Energy (RE) Supplier
24 Private DUs and Local Gov’t Utilities 25 Supplier of Last Resort 12 Supplier of Last Resort (SOLR)
17 Ancillary Service Provider 39 Retail Electricity Supplier
15 Wholesale Metering Services Provider 15 Local Retail Electricity Supplier

JUNE 2023 Energy share (Luz, Vis)** of the Contestable market: 24%
JUNE 2023 Energy share (Luz, Vis)** of the GEOP market: 0.39%

**based on Preliminary Billing

03 Reserve Market
Reserve Market Implementation
MARKET OPERATIONS HIGHLIGHTS 020

Pre-requisites to Commercial Operations

Trial Readiness of Software

PDM Approval Operations Systems and Certification
Program Processes Audit
• Completed ERC • Preparatory stage • On-going • To be conducted by
Public Hearings prior to commercial enhancements independent auditor
• Pending approval operations started (Expected through PEMC
from the ERC on 26 June 2023 completion is by • Kicked off on 03 Jul
• May introduce • On-going end of Aug 2023) 2023
software changes registration of AS • On-going • Projected
depending on ERC Facilities (until 14 preparations by completion is Oct
approval July 2023) process owners 2023
• Execution until 25
Sep 2023

HIGHLIGHTS
Supply level in Luzon-Visayas
saw a slight decrease, due to
forced and planned outage of
major plants, but remained
ample enough to mitigate the
imposition of secondary price
caps
In Mindanao, the average
supply for July 2023 remains
at around 3,200MW level.
MARKET OPERATIONS HIGHLIGHTS 024
P
For July 2023, the average demand For July 2023, WESM rate in
consumption in Luzon-Visayas Luzon-Visayas decreased by
decreased by 156MW or 1.3% compared 8.9% to P6.07/kWh. In
to the previous month. System peak Mindanao spot prices has a
demand for Luzon-Visayas reached as slight increase of 14.6% to
high as 14,833MW. P3.83/kWh.
For Mindanao, average demand was still
recorded at around 1,800 MW level.
As of 16 July 2023
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