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WESM COMPLIANCE OFFICERS SUMMIT RETURNS, TOP PERFORMERS RECEIVE AWARDS

Fri, 25 Oct 2024

WESM COMPLIANCE OFFICERS SUMMIT RETURNS, TOP PERFORMERS RECEIVE AWARDS

The annual gathering of the Wholesale Electricity Spot Market (WESM) Compliance Officers (WCOs) resumed after a one (1)-year hiatus in Mandaue City, Cebu on 24 October 2024 with the theme: Setting the Gold Standard in Market Governance. The WCO Summit brought together hundreds of power industry participants in the country for a whole day event. The top power companies were presented awards for their outstanding compliance work in the spot market.

Department of Energy (DOE) Undersecretary Rowena Cristina L. Guevara was the keynote speaker. She discussed the emergence of the Reserve Market this year and the importance of strict compliance to rules and regulations in the power sector for it to thrive.

“This is a great opportunity to remind our ancillary service providers (ASPs) to adhere to the compliance standards under the recently promulgated Ancillary Services Monitoring (ASM) Manual particularly on the submission of offers, and the timeliness and accuracy of AS provision,” Guevara emphasized.

Philippine Electricity Market Corporation (PEMC) President and WESM Governance Officer Elvin Hayes E. Nidea welcomed the delegates to the event. Nidea acknowledged the difficulties the power industry faced, and the success attained by WESM participants, nonetheless.

“This year has been a challenging one for the industry as we purposefully try to navigate the tough terrain of supply deficits, increasing demands, and regulatory challenges that beset the spot market,” said Nidea.

In her closing remarks, PEMC’s Chief Internal Audit Officer Elaine R. de Guzman-Gonzales expressed her optimism in the continuing growth of the industry with compliance as its bedrock.

“May your success inspire others to continually improve their system and processes to ensure compliance with the market rules and regulations. As competition goes well beyond the market, innovation and improvements are driven by the very basic foundation of trust and compliance,” Gonzales said.

The awarding of winners was based on compliance averages measured in different categories as follows:

Must-Dispatch Generation Units

WESM Generator Classification	Rank	Company Name	Facility Name
Run-of-River Hydro	1^st	Smith Bell Mini-Hydro Corporation	1.800 MW Commonal-Uddiawan Mini-Hydro Power Plant
	2^nd	Hedcor Sabangan, Inc.	Sabangan Hydroelectric Power Plant
	3^rd	Northern Renewables Generation Corporation	Bakun Hydro Electric Power Plant
Solar	1^st	Ecopark Energy of Valenzuela Corp.	Ecopark Energy Isla Power Plant, 16.002 MWp (Phases 2 and 3) Tagalag Solar Power Plant
	2^nd	Jobin-SQM Inc.	100.533 MWp Sta. Rita Solar Power Plant (SPP)
	3^rd	Sulu Electric Power and Light (Phils.), Inc.	49.754 MWp Sepalco Castilla Solar Power Plant
Wind	1^st	Guimaras Wind Corporation	San Lorenzo Wind Farm Project
	2^nd	North Wind Power Development Corporation	Phases I and II Bangui Bay Wind Power Plant, Phase III Bangui Bay Wind Power Plant
	3^rd	North Luzon Renewable Energy Corporation	Caparispisan Wind Power Plant
Mindanao Top 3 Recognition	1^st	Mindanao Energy Systems – Cabulig	9.21 MW Cabulig Mini-Hydroelectric Power Plant Units 1 & 2
	2^nd	Bubunawan Power Company, Inc.	6.57 MW Bubunawan Hydroelectric Power Plant
	3^rd	Asiga Green Energy Corp.	8 MW ASIGA Hydroelectric Power Plant

Scheduled Generating Units

WESM Generator Classification	Rank	Company Name	Facility Name
Biomass	1^st	Cagayan Biomass Energy Corporation	15.00 MW Biomass Power Plant
	2^nd	VS Gripal Power Corporation	6 MW Biomass Power Plant
	3^rd	Grassgold Renewable Energy Corporation	12 MW Biomass Power Plant
Coal	1^st	Therma Luzon, Inc.	Pagbilao Coal-Fired Power Plant 1 & 2
	2^nd	Limay Power Inc.	SMC Limay Coal Power Plant 1, 2, 3, & 4
	3^rd	Pagbilao Energy Corporation	Pagbilao 3 Power Plant
Geothermal	1^st	Bac-Man Geothermal Inc.	Bacman Geothermal Power Plant Unit 1, 2, & 3
	2^nd	Energy Development Corporation	Nasulo Geothermal Power Plant
	3^rd	Green Core Geothermal Inc.	Palinpinon Geothermal Power Plant I
Hydro	1^st	SN Aboitiz Power – Benguet, Inc.	Binga Hydroelectric Power Plant – Unit 1, 2, 3, 4
	2^nd	SN Aboitiz Power – Benguet, Inc.	Ambuklao Hydroelectric Power Plant Unit 1, 2, 3
	3^rd	SN Aboitiz Power – Magat, Inc.	Magat Hydroelectric Power Plant Unit 1, 2, 3, 4
Natural Gas	1^st	Prime Meridian PowerGen Corporation	San Gabriel Avion Natural Gas-Fired Power Plant Unit 1 & 2
	2^nd	First Gas Power Corporation (Sta. Rita)	Sta. Rita Natural Gas Power Plant 1, 2, 3, 4
	3^rd	FGP Corporation (San Lorenzo)	San Lorenzo Combined-Cycle Gas Turbine Power Plant Unit 50 & 60
Oil-based	1^st	Central Negros Power Reliability, Inc.	Calumangan Diesel Power Plant
	2^nd	SPC Island Power Corporation	Bohol Diesel Power Plant Unit 1, 2, 3, 4
	3^rd	SPC Power Corporation	Power Barge 104 Unit 1, 2, 3, 4

Non-Scheduled Generating Units

Rank	Company Name	Facility Name
1^st	SN Aboitiz Power – Magat, Inc.	Maris Canal HEPP Unit 1, 2
2^nd	Amlan Hydroelectric Power Corporation	Amlan Hydro Electric Power Plant
3^rd	Sta. Clara Power Corporation	Loboc Hydro Electric Power Plant

Mindanao Top 5 Recognition (Q3 & Q4)

Resource Type	Company Name	Facility Name
Biomass	Lamsan Power Corporation	15.0 MW Biomass Power Plant
Coal	Therma South, Inc.	TSI Coal-fired Power Plant
Geothermal	Energy Development Corporation	54.24 MW Mindanao I Geothermal Power Plant
Hydro	Power Sector Asset and Liabilities Management Corporation	255 MW Pulangi IV Hydroelectric Power Plant
Oil-Based	Mindanao Energy Systems	Sulzer Diesel Power Plant

These awards were also given last year at the WESM Compliance Officers Conferment and Annual Compliance Awards (WCACA), in an effort to recognize the market participants’ commitment to market compliance despite budget constraints.

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