Pantabangan Plant Cleared At P62/kwh

MANILA, Philippines - Consumers are bracing for bigger disappointments in their electric bills next month as prices in the Wholesale Electricity Spot Market (WESM) continue to soar, with the highest price cleared this week at P62.483 per kilowatt hour.

WESM tipped off that the offer for that particular trading hour was made for the Pantabangan hydro power plant. That has been the highest cleared so far in the spot market, beating even the P45 to P46 per kwh ranges during the red and yellow alert conditions last month.

From July 2 to 8, it has been apparent that drastic prices in the market were unabated, given that the period was not even the scheduled shutdown of the Malampaya gas production facility yet.

On Friday last week (July 6), the maximum offer accepted by the market was another all-time high at P51.161 per kwh; while P33.840 per kwh was a price surge recorded last July 5.

The average prices on those high-priced trading days had been at P12.278 and P13.371 per kwh, respectively, according to WESM report.

Visayas prices were similarly soaring, with the highest cleared bid at P45.792 per kwh last July 6. Other record prices were at P33.143 per kwh last July 8; and P25.510 per kwh on July 7.

For the entire week, the average recorded price for the Luzon grid was at P9.105 per kwh; and P8.487 per kwh for the Visayas.

In the weekly report issued by WESM operator Philippine Electricity Market Corporation, it indicated that the capacity of several coal-fired power plants were unavailable, primarily last July 5, either due to scheduled maintenance, forced outages or de-rated capacities. These include Sual 2, Calaca 1, Pagbilao 2, Quezon Power and Kepco-SPC plant in Cebu.

"Because of the tight supply conditions, the market results reflected under-generation or load shedding conditions in some trading intervals even during the weekend when demand was relatively lower," PEMC has noted.

It added that fewer must-run units (MRUs) were also being designated by system operator National Grid Corporation of the Philippines (NGCP) because most of the MRUs in Luzon "were undergoing testing for commercial operation requirements."

The WESM added that in the Visayas, "the few MRUs that were designated were mostly from the island of Panay to address system voltage requirements."

It has also been emphasized that the congestion in some transmission facilities, both in Luzon and Visayas, "resulted in market runs experiencing price separations within the affected grid."

Loading...

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • ToyotaPH continues it’s strong sales in February
    ToyotaPH continues it’s strong sales in February

    Toyota Motor Philippines (TMP) sustains its strong sales in its February performance. Toyota’s strong performance last month was due to the  high demand of the Vios, with sales of 2,012 units and of course the rest of Toyota’s line up such as the Fortuner, Innova, Wigo, Hilux, Avanza and Corolla Altis. Toyota’s luxury brand, Lexus, recorded 60 units last month. …

  • No apology, but Noy seeks understanding
    No apology, but Noy seeks understanding

    There was no apology, but President Aquino yesterday expressed regret, took “full responsibility” and appealed to the nation for “deepest understanding” for the Jan. 25 Mamasapano raid in which dozens died, including 44 police Special Action Force (SAF) commandos. “To every Filipino who has felt failure or has been hurt because of the events related to this operation, it is with abiding humility that I ask for your deepest understanding,” Aquino said in a speech before the 246 new graduates of …

  • MVP on endorsement: Thanks, I’m no politician
    MVP on endorsement: Thanks, I’m no politician

    Businessman Manuel V. Pangilinan is grateful for Sen. Miriam Defensor-Santiago’s praise and presidential endorsement, but says he is not a politician. In an interview on the sidelines of the launch of the search for The Outstanding Young Men (TOYM) of the Philippines 2015 Wednesday night, Pangilinan dismissed the idea of running for president in the 2016 elections. “I’m not a politician, I’m just an ordinary business person,” he added. Santiago endorsed Pangilinan as a presidential candidate …

  • No Lenten break in operations vs lawless groups – AFP
    No Lenten break in operations vs lawless groups – AFP

    The Armed Forces of the Philippines (AFP) is not suspending its offensive against the Abu Sayyaf, New People’s Army (NPA) and other lawless groups during the Holy Week, an official said yesterday. Lt. Col. Harold Cabunoc, AFP public affairs office chief, said the AFP leadership is leaving it up to area and division commanders whether to raise the alert status in preparation for the Holy Week. Those deployed in areas where there are ongoing law enforcement operations against terrorist groups …

  • Probe harassment vs human rights lawyer, CA orders AFP
    Probe harassment vs human rights lawyer, CA orders AFP

    The Court of Appeals (CA) has ordered the Armed Forces of the Philippines (AFP) to investigate a human rights lawyer’s claim of harassment, including surveillance, by several military officers. In a 22-page decision, the former Special Sixth Division of the appellate court granted the petition for writ of amparo and habeas data of Maria Catherine Dannug-Salucon. The CA ordered the AFP to identify the officers behind the surveillance and file charges against them. The CA ruling said …

  • Noy vows to dismantle bata-bata system in PNP
    Noy vows to dismantle bata-bata system in PNP

    President Aquino vowed yesterday to dismantle the culture of factionalism or the bata-bata system within the Philippine National Police as he continued the search for the next PNP chief. Speaking at the Philippine National Police Academy (PNPA) commencement exercises here, the President said the country needed solidarity among leaders and members of the police force so that the policemen would be effective protectors of Filipinos. “Our challenge to the next chief of our national police force: …

  • Envoy to expats: Retire, invest in Phl
    Envoy to expats: Retire, invest in Phl

    Retire and invest in real estate in the Philippines, especially now that the country has made it to the top 10 retirement destinations in the world. This is the message being spread by the Philippine embassy in Washington, with Ambassador Jose Cuisia Jr. leading the refrain in meetings with various Filipino-American communities in the US. In his talks, Cuisia said that an affordable cost of living as well as warm climate and people are just some of the things that make the Philippines a top …

  • PNPA spotlight falls on Ampatuan grandson
    PNPA spotlight falls on Ampatuan grandson

    The stigma of being a namesake of the principal suspect in the 2009 Maguindanao massacre did not prevent Cadet First Class Andal Ampatuan III from entering and graduating from the Philippine National Police Academy (PNPA). Ampatuan III, now with a rank of police inspector, is a grandson of former Maguindanao governor Andal Ampatuan Sr. The younger Ampatuan was among the 246 graduates of the PNPA “Lakandula” Class of 2015. Ampatuan III’s mother is Bai Rebecca Ampatuan, a daughter of the …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options