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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

1st

 

 

Smith Bell Mini-Hydro Corporation

1.800 MW Commonal-Uddiawan Mini-Hydro Power Plant

2nd

Hedcor Sabangan, Inc.

Sabangan Hydroelectric Power Plant

3rd

Northern Renewables Generation Corporation

Bakun Hydro Electric Power Plant

Solar

1st

 

Ecopark Energy of Valenzuela Corp.

Ecopark Energy Isla Power Plant, 16.002 MWp (Phases 2 and 3) Tagalag Solar Power Plant

2nd

Jobin-SQM Inc.

100.533 MWp Sta. Rita Solar Power Plant (SPP)

3rd

Sulu Electric Power and Light (Phils.), Inc.

49.754 MWp Sepalco Castilla Solar Power Plant

Wind

1st

 

Guimaras Wind Corporation 

 San Lorenzo Wind Farm Project

2nd

North Wind Power Development Corporation

Phases I and II Bangui Bay Wind Power Plant, Phase III Bangui Bay Wind Power Plant

3rd

North Luzon Renewable Energy Corporation

Caparispisan Wind Power Plant

Mindanao Top 3 Recognition

1st

Mindanao Energy Systems – Cabulig

9.21 MW Cabulig Mini-Hydroelectric Power Plant Units 1 & 2

2nd

Bubunawan Power Company, Inc.

6.57 MW Bubunawan Hydroelectric Power Plant

3rd

Asiga Green Energy Corp.

8 MW ASIGA Hydroelectric Power Plant

 

Scheduled Generating Units

 

WESM Generator

Classification

Rank

Company Name

Facility Name

Biomass

1st

Cagayan Biomass Energy Corporation

15.00 MW Biomass Power Plant

2nd

VS Gripal Power Corporation

6 MW Biomass Power Plant

3rd

Grassgold Renewable Energy Corporation

12 MW Biomass Power Plant

Coal

1st

Therma Luzon, Inc.

Pagbilao Coal-Fired Power Plant 1 & 2

2nd

Limay Power Inc.

SMC Limay Coal Power Plant 1, 2, 3, & 4

3rd

Pagbilao Energy Corporation

Pagbilao 3 Power Plant

Geothermal

1st

Bac-Man Geothermal Inc.

Bacman Geothermal Power Plant Unit 1, 2, & 3

2nd

Energy Development Corporation

Nasulo Geothermal Power Plant

3rd

Green Core Geothermal Inc.

Palinpinon Geothermal Power Plant I

Hydro

1st

SN Aboitiz Power – Benguet, Inc.

Binga Hydroelectric Power Plant – Unit 1, 2, 3, 4

2nd

SN Aboitiz Power – Benguet, Inc.

Ambuklao Hydroelectric Power Plant Unit 1, 2, 3

3rd

SN Aboitiz Power – Magat, Inc.

Magat Hydroelectric Power Plant Unit 1, 2, 3, 4

Natural Gas

1st

Prime Meridian PowerGen Corporation

San Gabriel Avion Natural Gas-Fired Power Plant Unit 1 & 2

2nd

First Gas Power Corporation (Sta. Rita)

Sta. Rita Natural Gas Power Plant 1, 2, 3, 4

3rd

FGP Corporation (San Lorenzo)

San Lorenzo Combined-Cycle Gas Turbine Power Plant Unit 50 & 60

Oil-based

1st

Central Negros Power Reliability, Inc.

Calumangan Diesel Power Plant

2nd

SPC Island Power Corporation

Bohol Diesel Power Plant Unit 1, 2, 3, 4

3rd

SPC Power Corporation

Power Barge 104 Unit 1, 2, 3, 4

 

Non-Scheduled Generating Units

 

Rank

Company Name

Facility Name

1st

SN Aboitiz Power – Magat, Inc.

Maris Canal HEPP Unit 1, 2

2nd

Amlan Hydroelectric Power Corporation

Amlan Hydro Electric Power Plant

3rd

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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