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    December 2022 Market Operations Highlights

    Uploaded by

    sychezmu
    - Supply levels decreased by 806 MW in December 2022 compared to November 2022. Supply increased by 1,347 MW in January 2023. - Demand decreased by 188 MW in December 2022 and further decreased by 914 MW in January 2023 compared to the previous months. - The average WESM rate for December 2022 was P8.42/kWh, decreasing to P5.76/kWh in January 2023 due to sufficient supply margins.

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    December 2022 Market Operations Highlights

    Uploaded by

    sychezmu
    4 views9 pages
    - Supply levels decreased by 806 MW in December 2022 compared to November 2022. Supply increased by 1,347 MW in January 2023. - Demand decreased by 188 MW in December 2022 and further decreased by 914 MW in January 2023 compared to the previous months. - The average WESM rate for December 2022 was P8.42/kWh, decreasing to P5.76/kWh in January 2023 due to sufficient supply margins.

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    December 2022 Market Operations Highlights (2)

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    - Supply levels decreased by 806 MW in December 2022 compared to November 2022. Supply increased by 1,347 MW in January 2023. - Demand decreased by 188 MW in December 2022 and further decreased by 914 MW in January 2023 compared to the previous months. - The average WESM rate for December 2022 was P8.42/kWh, decreasing to P5.76/kWh in January 2023 due to sufficient supply margins.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    4 views9 pages

    December 2022 Market Operations Highlights

    Uploaded by

    sychezmu
    - Supply levels decreased by 806 MW in December 2022 compared to November 2022. Supply increased by 1,347 MW in January 2023. - Demand decreased by 188 MW in December 2022 and further decreased by 914 MW in January 2023 compared to the previous months. - The average WESM rate for December 2022 was P8.42/kWh, decreasing to P5.76/kWh in January 2023 due to sufficient supply margins.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 9

    MARKET OPERATIONS

    HIGHLIGHTS

    December 2022 WESM Results


    SUPPLY, DEMAND
    01 AND PRICE
    OPERATIONAL HIGHLIGHTS
    MARKET OPERATIONS HIGHLIGHTS 03

    [26 October to 25 January 2023] Luzon-Visayas Supply, Demand, and Price1


    SO declared yellow alerts in Luzon Drop in demand brought
    and Visayas grids due to multiple by Christmas holidays
    unplanned generator outages

    Drop in demand brought


    by Typhoon Paeng Adequate supply was experienced
    throughout the January 2023 billing period

    SUPPLY DEMAND PRICE


    AVERAGE HIGHEST DEMAND
    SUPPLY DEMAND MARGIN PRICE SUPPLY DEMAND MARGIN PRICE2
    PERIOD COVERED DATE AND TIME
    (MW) (MW) (MW) (PHP/KWH) (MW) (MW) (MW) (PHP/KWH)
    November 2022 Billing 13,691 10,355 3,336 8.53 11/14/2022 14:45 15,186 13,088 2,098 6.37
    December 2022 Billing 12,885 10,167 2,717 8.42 11/29/2022 13:55 13,870 12,993 877 6.37
    January 2023 Billing 14,232 9,253 4,979 5.76 01/24/2023 14:45 14,780 11,656 2,967 9.62
    1 Hourly average values are shown on the graph
    2 Intervals may be applied with Secondary Price Cap
    MARKET OPERATIONS HIGHLIGHTS 04

    SUPPLY, DEMAND, MARGIN & PRICE


    Luzon-Visayas

    M-on-M Change Y-on-Y Change


    (Dec 2022 & Nov 2022) (Dec 2021 & Dec 2022)
    Difference % Difference %

    AVE. SUPPLY (MW) -806 -5.89 183 1.44

    AVE. DEMAND (MW) -188 -1.82 935 10.13

    AVE. MARGIN (MW) -618 -18.53 -752 -21.67

    AVE. LWAP1 (Php/kWh) -0.11 -1.29 1.98 30.75


    1LWAP – Load Weighted Average Price
    MARKET
    02 TRANSACTIONS
    MARKET TRANSACTIONS MARKET OPERATIONS HIGHLIGHTS 06

    Luzon-Visayas

    BILLING PERIOD Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22
    Metered Quantity (GWh) 5,919 6,716 6,580 7,224 7,538 7,827 7,226 7,259 7,374 7,280 7,180 6,823
    Bilateral Quantity (GWh) 5,617 6,100 5,736 6,493 6,689 7,113 6,627 6,241 6,485 6,313 6,338 5,894
    Spot Quantity (GWh) 302 616 844 731 849 714 599 1,018 889 967 842 929
    Daily Average MQ1 (GWh) 191 217 235 233 251 252 241 234 238 243 232 227
    Customer ESSP2 (PhP/KWh) 7.01 6.51 7.34 6.44 6.42 9.01 8.91 7.13 9.16 9.21 8.62 8.80
    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).
    Generation Mix
    MARKET OPERATIONS HIGHLIGHTS 07

    December 2022
    Oct 2022 to Dec 2022
    Oct-2022 Nov-2022 Dec-2022
    TYPE
    GWh % GWh % GWh %

    COAL 4,448 58.6 4,304 57.9 3,916 54.9

    NAT.
    1,262 16.6 1,280 17.2 1,298 18.2
    GAS

    GEO 752 9.9 768 10.3 790 11.1

    HYDRO 520 6.8 595 8.0 436 6.1

    BIOMASS 86 1.1 97 1.3 89 1.2

    OIL-
    270 3.6 140 1.9 318 4.5
    BASED

    WIND 84 1.1 94 1.3 140 2.0

    SOLAR 162 2.1 155 2.1 147 2.1

    BATTERY 3 0.03 3 0.03 2 0.03

    TOTAL 7,587 100 7,436 100 7,135 100


    MARKET OPERATIONS HIGHLIGHTS 08

    HIGHLIGHTS

    P
    Decrease in supply levels Luzon-Visayas average Average WESM rate for
    around 806 MW for demand for December December 2022 is
    December 2022. For decreased by 188 MW or P8.42/kWh and it
    January, an increase of 1.82% as compared to the decreased to P5.76/kWh
    1,347 MW was recorded. previous month. For January, for January 2023 as a
    the demand further result of sufficient supply
    decreased by 914 MW. margin.
    WWW.IEMOP.PH | [email protected] | @IEMOPINFO

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