Year: 2022

Summary of Unpaid Energy Settlement Amounts

                                                                                      As of January 31, 2022

Market Participant Region Amount Remarks
Abra Electric Cooperative, Inc. (ABRECO) Luzon      (238,758,753.01) Default
Panay Electric Company, Inc. (PECO) Visayas        (21,133,429.60) Default
Solar Philippines Retail Electricity Inc. (SPREIRES) Luzon            (574,005.14) Default
CLEANGREEN ENERGY CORPORATION (CEC) Luzon                  (125.46) Default
MABUHAY ENERGY CORPORATION  (MECORES) Luzon        (32,749,179.93) Default, Payment to be cleared 02/08/2022
Philippine Phosphate Fertilizer Corporation (PHILPHOS) Visayas                     (2.74) Default
Waterfront Mactan Casino and Hotel, Inc (WAHCRES) Visayas               (8,473.01) Default
TOTAL    (293,223,968.89)

Summary of Unpaid Energy Settlement Amounts

As of January 25, 2022

Market Participant Region Amount Remarks
Abra Electric Cooperative, Inc. (ABRECO) Luzon      (238,758,753.15) Default
Panay Electric Company, Inc. (PECO) Visayas        (21,133,429.60) Default
Solar Philippines Retail Electricity Inc. (SPREIRES) Luzon            (574,005.14) Default
Angeles Electric Corporation (AEC) Luzon        (56,330,890.54) Default
Albay Electric Cooperative, Inc. (ALECO) Luzon      (154,411,866.20) Default
Benguet Electric Cooperative, Inc. (BENECO) Luzon               (2,779.24) Default
CLEANGREEN ENERGY CORPORATION (CEC) Luzon                  (125.46) Default
GIGA ACE 4, INC. Luzon            (507,055.03) Default
Isabela I Electric Cooperative, Inc. (ISELCO1) Luzon         (1,522,542.54) Default
Majestics Energy Corporation (MEC) Luzon               (1,783.88) Default
MABUHAY ENERGY CORPORATION  (MECORES) Luzon        (32,749,179.93) Default
MeridianX Inc. (MERXRES) Luzon            (443,477.91) Default
Northern Renewables Generation Corporation (NR) Luzon                     (5.34) Default
Philippine Phosphate Fertilizer Corporation (PHILPHOS) Visayas                     (2.74) Default
SEM-CALACA RES CORPORATION(SCRCRES) Luzon              (20,000.49) Default
Southwest Luzon Power Generation Corporation (SLPGC) Luzon         (3,490,356.63) Default
United Pulp and Paper Company, Inc. (UPPC) Luzon               (4,329.32) Default
Waterfront Mactan Casino and Hotel, Inc (WAHCRES) Visayas               (8,473.01) Default
TOTAL    (509,959,056.15)

NOTICE OF CESSATION OF MEMBERSHIP IN THE WHOLESALE ELECTRICITY SPOT MARKET – Millennium Power RES, Inc. (MPRIRES)

The Independent Electricity Market Operator of the Philippines (IEMOP), as the market operator of the Philippine Wholesale Electricity Spot Market (WESM), gives notice that Millennium Power RES, Inc. (MPRIRES) that is shall cease its membership in the WESM as Direct Member – Retail Electricity Supplier.

IEMOP has confirmed the cessation of Millennium Power RES, Inc. (MPRIRES) WESM Membership to be effective on 30 January 2022. This notice is being issued pursuant to WESM Rules clause 2.6.3.

12 January 2022, Pasig City, Philippines

INDEPENDENT ELECTRICITY MARKET OPERATOR OF THE PHILIPPINES