MARKET OPERATIONS

HIGHLIGHTS
December 2023 Results

January 2024 | IEMOP

01 Operational
Highlights
OPERATIONAL HIGHLIGHTS
System-Wide [26 November to 25 December 2023]

19,358 MW SUPPLY AVERAGE SUPPLY AVERAGE DEMAND AVERAGE PRICE

PEAK 2.1 18,266 MW 12,820 MW 4.45 PHP/KWH

16,095 MW DEMAND
18,849 12,948 4.12
12/05/2023 14:10
3.1% 1.0% 7.9%
11.86 PHP/KWH PRICE
 OPERATIONAL HIGHLIGHTS
System Wide Supply, Demand, and Price1 [26 October to 15 January 2024]

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)

Jan 2024 Billing 18,057 14,219 12,221 1,267 4,569 4.79 01/10/2024 14:10 19,760 17,405 15,836 1,260 2,664 14.57
Dec 2023 Billing 18,266 14,745 12,820 1,330 4,116 4.45 12/05/2023 14:10 19,358 17,515 16,095 1,361 1,902 11.86
Nov 2023 Billing 18,849 14,830 12,948 1,124 4,777 4.12 11/06/2023 14:20 19,438 17,748 16,434 888 2,116 12.59
1 Daily average values are shown on the graph
3 Reserve Schedules (Regulating, Contingency & Dispatchable)
Current month updated till 15 Jan 2024
2 Effective supply is the schedule generator offered capacity, security limit, and ramp rate limitation considering the demand required 4 Intervals may be applied with Secondary Price Cap (SPC)
OPERATIONAL HIGHLIGHTS
Luzon [26 November to 25 December 2023]

13,612 MW SUPPLY AVERAGE SUPPLY AVERAGE DEMAND AVERAGE PRICE

PEAK 2.3%
12,572 MW 9,089 MW 4.36 /KWH
11,451 MW DEMAND
13,180 9,218 4.00
12/06/2023 14:35 4.6% 1.4% 9.1%
5.64 PHP/KWH PRICE
 OPERATIONAL HIGHLIGHTS
Luzon Supply, Demand, and Price1 [26 October to 15 January 2024]

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)

Jan 2024 Billing 12,493 9,920 8,563 930 3,000 4.45 01/10/2024 14:10 13,855 12,399 11,155 911 1,789 14.25
Dec 2023 Billing 12,572 10,402 9,089 954 2,528 4.36 12/06/2023 14:35 13,612 12,622 11,451 999 1,163 5.64
Nov 2023 Billing 13,180 10,530 9,218 736 3,225 4.00 11/06/2023 14:20 13,475 12,703 11,721 554 1,200 12.35
1 Daily average values are shown on the graph
3 Reserve Schedules (Regulating, Contingency & Dispatchable)
Current month updated till 15 Jan 2024
2 Effective supply is the schedule generator offered capacity, security limit, and ramp rate limitation considering the demand required 4 Intervals may be applied with Secondary Price Cap (SPC)
OPERATIONAL HIGHLIGHTS
Visayas [26 November to 25 December 2023]

2,598 MW SUPPLY AVERAGE SUPPLY AVERAGE DEMAND AVERAGE PRICE

PEAK 0.5%
2,345 MW 1,864 MW 5.53 PHP/KWH
2,362 MW DEMAND
2,329 1,851 5.14
12/05/2023 13:40 0.7% 0.7% 7.6%
11.85 PHP/KWH PRICE
 Market Intervention
• Due to manual load dropping

OPERATIONAL HIGHLIGHTS
(MLD) in the Negros sub-grid to
prevent the overloading of
Samboan-Amlan Line 2 (1755H -
1830H of 27 Dec 2023)

Visayas Supply, Demand, and Price1 [26 October to 15 January 2024] • Due to a partial blackout at the
Panay sub-grid (1510H of 02 Jan
2024 - 1240H of 05 Jan 2024)

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)

Jan 2024 Billing 2,223 1,896 1,800 195 228 6.54 01/10/2024 14:20 2,475 2,266 2,315 171 -12 5.85
Dec 2023 Billing 2,345 1,945 1,864 216 265 5.53 12/05/2023 13:40 2,598 2,325 2,362 212 24 11.85
Nov 2023 Billing 2,329 1,931 1,851 233 244 5.14 11/13/2023 13:40 2,397 2,200 2,374 176 -152 20.90
1 Daily average values are shown on the graph
3 Reserve Schedules (Regulating, Contingency & Dispatchable)
Current month updated till 15 Jan 2024
2 Effective supply is the schedule generator offered capacity, security limit, and ramp rate limitation considering the demand required 4 Intervals may be applied with Secondary Price Cap (SPC)
OPERATIONAL HIGHLIGHTS
Mindanao [26 November to 25 December 2023]

3,227 MW SUPPLY AVERAGE SUPPLY AVERAGE DEMAND AVERAGE PRICE

PEAK 0.6% 3,349 MW 1,867 MW 3.72 PHP/KWH

2,412 MW DEMAND
3,342 1,878 3.67
12/14/2023 13:55 0.2% 0.6% 1.4%
4.90 PHP/KWH PRICE
 OPERATIONAL HIGHLIGHTS
Mindanao Supply, Demand, and Price1 [26 October to 15 January 2024]

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)

Jan 2024 Billing 3,341 2,403 1,858 141 1,342 4.59 01/11/2024 14:15 3,447 2,760 2,403 175 869 4.93
Dec 2023 Billing 3,349 2,398 1,867 159 1,323 3.72 12/14/2023 13:55 3,227 2,678 2,412 169 647 4.90
Nov 2023 Billing 3,342 2,368 1,878 161 1,302 3.67 11/13/2023 14:50 3,452 2,746 2,426 167 859 5.39
1 Daily average values are shown on the graph
3 Reserve Schedules (Regulating, Contingency & Dispatchable)
Current month updated till 15 Jan 2024
2 Effective supply is the schedule generator offered capacity, security limit, and ramp rate limitation considering the demand required 4 Intervals may be applied with Secondary Price Cap (SPC)
Average Market Prices for COO REPORT 011

November 2023 – December 2023 December 2023

November 2023

NORTH LUZON METRO MANILA SOUTH LUZON LUZON

4.34 P/KWH 4.41 P/KWH 4.33 P/KWH 4.36
NORTH LUZON 6.70 P/KWH
3.99 P/KWH 4.03 P/KWH 3.97 P/KWH 4.00
4.87 P/KWH
P/KWH

PANAY NEGROS CEBU LEYTE-SAMAR BOHOL VISAYAS

6.87 P/KWH 6.52 P/KWH 4.80 P/KWH 4.69 P/KWH 4.93 P/KWH 5.53 P/KWH
7.83
6.56 P/KWH 6.56 P/KWH 4.15 P/KWH 4.27 P/KWH 6.28 P/KWH 5.14 P/KWH

ZAMBOANGA NORTHERN MINDANAO SOUTHERN MINDANAO MINDANAO

3.92 P/KWH 3.54 P/KWH 3.77 P/KWH 3.72 P/KWH
3.87 P/KWH 3.56 P/KWH 3.68 P/KWH 3.67 P/KWH
 Congestion Occurrences in Visayas
December 2023
NORTH LUZON METRO MANILA SOUTH LUZON
4.34 P/KWH 4.41 P/KWH 4.33 P/KWH

Cebu-Mandaue Line 2
377 intervals
Samboan–Amlan Line
944 intervals
(4.36% of the time) LEYTE-SAMAR
(10.93% of the time) 4.69 P/KWH

PANAY NEGROS CEBU BOHOL

6.87 P/KWH 6.52 P/KWH 4.80 P/KWH 4.93 P/KWH
Mandaue-Lapu-Lapu Line 2
120 intervals
(1.39% of the time)

ZAMBOANGA NORTHERN MINDANAO SOUTHERN MINDANAO

3.92 P/KWH 3.54 P/KWH 3.77 P/KWH

*Leyte-Cebu Corridor was corrected and relaxed during the automatic pricing run hence no effect on congestion cost.
 HIGHLIGHTS FOR THE DECEMBER BILLING MONTH
In December 2023 the average supply
for system-wide and Luzon decreased,
while Visayas and Mindanao increased.
• 18,266MW in LVM (-3.1%)
• 12,572MW in Luzon (-4.6%)
• 2,345MW in Visayas (+0.7%)
• 3,349MW in Mindanao (+0.2%).
Compared to November, the
average demand for December is
lower than for all regions except for
Visayas
• 12,820MW in LVM (-1.0%)
• 9,089MW in Luzon (-1.4%)
• 1,864MW in Visayas (+0.7%)
• 1,867MW in Mindanao (-0.6%)
P
In December 2023 observed an increase in
WESM rates across every regions.
• 4.45 PhP/KWh in LVM (+7.9%)
• 4.36 PhP/KWh in Luzon (+9.1%)
• 5.53 PhP/KWh in Visayas (+7.6%)
• 3.72 PhP/KWh in Mindanao (+1.4%)
 COO REPORT 014

Luzon-Visayas HVDC Power Exchange

Visayas-to-Luzon

Annual Preventive Maintenance of Naga-Ormoc

HVDC from 18-24 November 2023.

Luzon-to-Visayas
 COO REPORT 015

Mindanao-Visayas HVDC Power Exchange

Mindanao-To-Visayas

Visayas-To-Mindanao

Mindanao-Visayas Interconnection Project (MVIP) testing, a 400MW reverse

power transfer (Visayas to Mindanao flow) occurred on 23 December 2023.
 Generation Mix
System RE Penetration
Oct-23 Nov-23 Dec-23 December
TYPE
NON-RENEWABLES

GWh % GWh % GWh %

COAL 5,442 58.4 5,508 59.1 5,262 59.4
NAT.
1,533 16.5 1,561 16.8 1,515 17.1
GAS November
OIL-
117 1.3 43 0.5 53 0.6
BASED
GEO 857 9.2 827 8.9 768 8.7

HYDRO 895 9.6 773 8.3 653 7.4

RENEWABLES

BIOMASS 81 0.9 95 1.0 108 1.2

WIND 72 0.8 174 1.9 175 2.0

SOLAR 198 2.1 221 2.4 212 2.4

PUMP 76 0.8 95 1.0 94 1.1

ESS

BATTERY 12 0.1 15 0.2 15 0.2

October
TOTAL 9,282 100 9,313 100 8,855 100
Market Transactions
System-Wide (Luzon, Visayas and Mindanao)
20.1%

BILLING PERIOD Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-235
Metered Quantity (GWh) 6,388 7,977 7,445 8,870 9,306 9,254 8,817 9,124 9,031 8,909 8,949 8,545
Bilateral Quantity (GWh) 5,421 6,710 5,998 7,415 7,943 7,816 7,252 7,262 7,311 7,400 7,318 6,824
Spot Quantity (GWh) 967 1,268 1,447 1,455 1,363 1,438 1,565 1,862 1,720 1,509 1,631 1,721
Daily Average MQ1 (GWh) 206 257 266 286 310 299 294 294 291 296 289 285
Luz-Vis ESSP 2 (PhP/KWh) 5.82 7.62 6.78 8.20
Mindanao ESSP 2 (PhP/KWh) 5.30 7.15 5.80
LVM ESSP 2 (PhP/KWh) 9.09 6.54 5.72 5.87 5.50 6.94 4.39 4.74

1 Daily Average MQ is computed as [Total MQ / Total No. of Days] for the billing month
2
5 Based on Final Settlement
ESSP refers to the Effective Spot Settlement Price. Prices used in the settlement.
3
One Settlement System for the WESM Trading Participant in Luzon, Visayas, and Mindanao was effective starting the May 2023 Bi lling Period.
4 Trading for January 2023 are combined Luzon and Visayas, while the rest are Luzon, Visayas and Mindanao
02 Registration
Updates
 COO REPORT 019

WESM Registered Capacities

WESM Registration Data as of 29 December 2023 | Luzon, Visayas, and Mindanao
*ESS refers to Energy Storage Systems

Capacity
(MW) Scheduled Generators Renewable Energy ESS*

Natural Oil Hydro Geo- Biomass Solar Wind Battery &

Coal Gas Based thermal Pump
Region Storage Total

8,637 3,286 1,741 1,833 783 182 1,533 416 1,050 19,459
Luzon (+31) (+327) (+16) (+374)
44.4% 16.9% 8.9% 9.4% 4.0% 0.9% 7.9% 2.1% 5.4% 100.0%

1,324 0 440 53 848 191 411 91 100 3,458

Visayas (+7) (-6) (+1)
38.3% 0.0% 12.7% 1.5% 24.5% 5.5% 11.9% 2.6% 2.9% 100.0%

Mindanao 2,266 0 651 1,115 105 48 67 0 80 4,332

52.3% 0.0% 15.0% 25.7% 2.4% 1.1% 1.6% 0.0% 1.8% 100.0%

12,227 3,286 2,831 3,001 1,736 421 2,011 507 1,230 27,249
Total (+7) (+31) (+321) (+16) (+375)
44.9% 12.1% 10.4% 11.0% 6.4% 1.5% 7.4% 1.9% 4.5% 100.0%
 COO REPORT 020

REGISTRATION DEMOGRAPHICS
Records as of 29 December 2023 | Luzon, Visayas and Mindanao

439 WESM Participants 2,137 RCOA Participants 348 GEOP Participants

+2 286 +15 DU Connected End-user Customer

204 Generation Companies 1,951* +8 Contestable Customers
99 Electric Cooperatives 65 Retail Metering Services 32 +1 GEOP Metering Services Provider
54 Directly Connected Customers Provider
17 Renewable Energy (RE) Supplier
25 Private DUs and Local Gov’t Utilities 40 Directly Connected
Contestable Customer 13 Supplier of Last Resort (SOLR)
40 +3 Ancillary Service Provider
26 Supplier of Last Resort
17 +1 Wholesale Metering Services Provider
40 +1 Retail Electricity Supplier
15 Local Retail Electricity Supplier
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