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The Philippine Electricity Market Corporation (PEMC) recently hosted the annual Wholesale Electricity Spot Market (WESM) Compliance Officers (WCO) Summit 2022, which was a blend of virtual learning and in-person gathering. 

This year’s WCO Summit highlights the need to “build a resilient and sustainable culture of proactive compliance in the post-pandemic era,” said PEMC Chief Governance Officer Elvin Hayes E. Nidea in his opening remarks during the two (2)-day event with the theme “Proactive Compliance in the Post-Pandemic Landscape.”

Much like the online events held for the past two (2) years, this year’s WCO Summit included a mix of compliance-related videos and live presentations on the details of the recently launched WCO Certification Program, the implementation of the new Penalty Manual and the administration of the enforcement and compliance process under the Enhanced WESM Design and Operations (EWDO) regime.

The conference also included feature presentations on the 97-MW Avion open-cycle natural gas-fired peaking plant owned by First Gen’s Prime Meridian Powergen Corporation, as well as the WESM Compliance Programs of several generator and load market participants.

“Compliance is not only the concern of PEMC as the WESM’s governance arm, but also all regulating agencies for the power industry, including the ERC, and even all concerned sectors in the economy,” stated Chairperson Monalisa Dimalanta of the Energy Regulatory Commission (ERC) in her keynote address.

Since the launch of the WCO Summit in 2019, exemplary performance in compliance have been awarded to generator market participants. 

“Our market participants have our full support towards building and attaining a culture of compliance and we hope that we will continue engaging more participants towards this end,” said PEM Board Chairman Noel V. Aboboto. 

The WCO Summit 2022 Awards recognized generator market participants’ commitment to fulfilling their obligations in offering their maximum available capacity and their compliance to their real-time schedule instructions. This covered the period January to June 2022 and is based on WESM generator classification (biomass, coal-fired, geothermal, hydroelectric, natural gas, and oil-based).
 

COMPLIANCE WITH THE MUST OFFER RULE, THE RULE ON NOMINATION OF PROJECTED OUTPUTS, AND THE REAL-TIME DISPATCH SCHEDULE

NON-SCHEDULED GENERATORS

For the second year, PEMC recognized the Metering Services Providers (MSP) on their performance based on service delivery performance measures: Daily Meter Data Delivery, Timeliness and Percentage Resolution to the Daily Meter Trouble Report, Integrity of Meter Data, Timeliness of Monthly Meter Data Delivery, and Timeliness and Percentage Resolution to the Monthly Meter Trouble Report. 

The following MSPs were recognized for gaining passing annual average overall performance ratings for the period 26 June 2021 to 25 June 2022.
 

The Top MSP Performer, with Distinction award was given to MSPs that have consistently garnered passing ratings in all performance categories for all billing months during the covered period. Meanwhile, the Top MSP Performer award was given to MSPs that may have had a failing rating for some performance categories, but still garnered an overall passing rating for all billing months during the covered period.

Special recognition was given to MSPs that may have had a failing overall rating for some billing months, but still have a passing annual average overall rating during the covered period.

“This annual conference is not only a celebration of excellence in compliance, but also an opportunity for WESM participants to be inspired in developing their respective compliance programs,” said Nidea.

PEMC in the News

• The Daily Guardian: https://www.dailyguardian.com.ph/pemc-honors-market-participant-compliance-in-the-wco-summit-2022/