The Independent Electricity Market Operator of the Philippines (IEMOP), as the market operator of the Philippine Wholesale Electricity Spot Market (WESM), gives notice that Philippine Center for International Trade and Exhibit (PCITE1R) with Service ID Number 100024420102 notified IEMOP through its supplier that it shall cease its membership in the WESM as Indirect Member – Contestable Customer.
IEMOP has confirmed the cessation of Philippine Center for International Trade and Exhibit’s WESM membership to be effective on 17 September 2021. This notice is being issued pursuant to WESM Rules clause 2.6.3.
31 August 2021, Pasig City, Philippines.
INDEPENDENT ELECTRICITY MARKET OPERATOR OF THE PHILIPPINES
Summary of Unpaid Energy Settlement Amounts
As of August 26, 2021
| Market Participant |
Region |
Amount |
Remarks |
| ABRA ELECTRIC COOPERATIVE, INC. (ABRECO) |
Luzon |
(240,744,393.18) |
Default |
| SOLAR PHILIPPINES TARLAC CORPORATION (SOLARPHTC) |
Luzon |
(34,057,477.25) |
Default |
| SORSOGON II ELECTRIC COOPERATIVE, INC. (SORECO2) |
Luzon |
(36,360,681.94) |
Default |
| MABUHAY ENERGY CORPORATION (MECORES) |
Luzon |
(51,376,386.45) |
Default |
| NATIONAL IRRIGATION ADMINISTRATION REGION 2 (NIAREG2) |
Luzon |
(4,715,500.64) |
Default; payment to be cleared 08.26.2021 |
| PHILIPPINE PHOSPHATE FERTILIZER CORPORATION (PHILPHOS) |
Visayas |
(19,011.65) |
Default |
| ALBAY ELECTRIC COOPERATIVE, INC. (ALECO) |
Luzon |
(74,550,826.97) |
Default |
| SAMAR II ELECTRIC COOPERATIVE, INC. (SAMELCO2) |
Visayas |
(27,539,667.72) |
Default; payment to be cleared 08.26.2021 |
| ISABELA II ELECTRIC COOPERATIVE, INC. (ISELCO2) |
Luzon |
(207,907.97) |
Default; payment to be cleared 08.26.2021 |
| LEYTE IV ELECTRIC COOPERATIVE, INC. (LEYECO4) |
Visayas |
(30,891.85) |
Default |
| AMLAN HYDROELECTRIC POWER CORPORATION (AMLANHPC) |
Visayas |
(3,220.25) |
Default |
| VICTORIAS MILLING COMPANY, INC. (VMC) |
Visayas |
(1,446.66) |
Default |
| HAWAIIAN-PHILIPPINE COMPANY (HPCO) |
Visayas |
(1,984,869.21) |
Default |
| SC GLOBAL COCO PRODUCTS, INC. (SCGCPI) |
Visayas |
(136,607.37) |
Default |
| CENTRAL AZUCARERA DE TARLAC (CAT) |
Luzon |
(3,050.42) |
Default |
| STA. CLARA POWER CORPORATION (STACLARA) |
Visayas |
(28,385.46) |
Default |
| TERASU ENERGY INC. (TERASU) |
Luzon |
(73,785.52) |
Default |
| CAMARINES SUR II ELECTRIC COOPERATIVE, INC. (CASURECO2) |
Luzon |
(48,800,712.91) |
Default |
| PANAY ELECTRIC COMPANY, INC. (PECO) |
Visayas |
(20,805,729.33) |
Default |
| TOTAL: |
|
(541,440,552.75) |
|
The Independent Electricity Market Operator of the Philippines (IEMOP), as the market operator of the Philippine Wholesale Electricity Spot Market (WESM), gives notice that Philip Morris Philippines Manufacturing, Inc. (PMPM01R) with Service ID Number 200398170103 notified IEMOP through its supplier that it shall cease its membership in the WESM as Indirect Member – Contestable Customer.
IEMOP has confirmed the cessation of Philip Morris Philippines Manufacturing, Inc.’s WESM membership to be effective on 5 September 2021. This notice is being issued pursuant to WESM Rules clause 2.6.3.
18 August 2021, Pasig City, Philippines.
INDEPENDENT ELECTRICITY MARKET OPERATOR OF THE PHILIPPINES
The Independent Electricity Market Operator of the Philippines (IEMOP), as the market operator of the Philippine Wholesale Electricity Spot Market (WESM), gives notice that Ortigas & Company Limited Partnership (OCLP04R) with Service ID Number 100045200102 notified IEMOP through its supplier that it shall cease its membership in the WESM as Indirect Member – Contestable Customer.
IEMOP has confirmed the cessation of Ortigas & Company Limited Partnership’s WESM membership to be effective on 27 August 2021. This notice is being issued pursuant to WESM Rules clause 2.6.3.
6 August 2021, Pasig City, Philippines.
INDEPENDENT ELECTRICITY MARKET OPERATOR OF THE PHILIPPINES
The Independent Electricity Market Operator of the Philippines (IEMOP), as the market operator of the Philippine Wholesale Electricity Spot Market (WESM), gives notice that Metro Retail Stores Group Inc (Gaisano Metro-Ayala A/C No. 1557630000) (MRSG09R) with Service ID Number 4594779194 notified IEMOP through its supplier that it shall cease its membership in the WESM as Indirect Member – Contestable Customer.
IEMOP has confirmed the cessation of Metro Retail Stores Group Inc. (Gaisano Metro-Ayala A/C No. 1557630000) WESM membership to be effective on 28 August 2021. This notice is being issued pursuant to WESM Rules clause 2.6.3.
6 August 2021, Pasig City, Philippines.
INDEPENDENT ELECTRICITY MARKET OPERATOR OF THE PHILIPPINES
To address the recent price spikes which occurred in the Wholesale Electricity Spot Market (WESM), the Energy Regulator Commission (ERC) released a notice on the amendments made to the Pre-emptive Mitigating Measure in the WESM to Increase Consumer Safety Nets.
Read the full text here.
We find it unfortunate that IEMOP was dragged into politics thru false accusations of corruption. IEMOP, the independent market operator of the Wholesale Electricity Spot Market (WESM), is right now in the midst of very important developments in the electric power industry designed to ultimately benefit the consumers.
WESM plays a very vital role in the electric power industry. The transition of the market operation to an Independent Market Operator is mandated by Section 30 of RA 9136 or the Electric Power Industry Reform Act (EPIRA). With the joint endorsement of the DOE and the electric power industry participants, an independent entity was formed pursuant to the letter of the law.
IEMOP is a legitimate and lawful entity formed pursuant to EPIRA, tasked to operate the WESM. It is a non-stock, non-profit corporation. It does not require capital stock divided into shares and consequently, it does not distribute dividends to anyone. By its nature and functions, IEMOP does not earn income or profits. The cost of operating the WESM is recovered through market fees which are filed with and approved by the ERC and are recovered from generator trading participants. IEMOP does not earn billions of pesos from the consumers and does not have any contract with the DOE.
We therefore respectfully request Senator Manny Pacquiao to spare us from politics. The WESM has been operating already for fifteen years and has made significant contributions to the power industry. On June 26, we have transitioned WESM from a 1-hour market to a five-minute market. The Central Scheduling for the WESM in Mindanao also commenced in June 2021, twenty years after the enactment of EPIRA. The people from IEMOP have worked and continue to work hard to ensure the success of these market developments. We do not want to get distracted by political issues that are clearly false and misleading to the public.
