SNAP tops WESM list of compliant hydro plants
By Leander C. Domingo, TMT – October 17, 2020
from The Manila Times
BOKOD, Benguet: Three hydroelectric power plants have received top recognition as compliant hydro generators during the recent Wholesale Electricity Spot Market (WESM) Compliance Officer Summit.
These are the SN Aboitiz Power (SNAP) Group‘s hydroelectric power plants in Ambuklao in this town; Binga in Itogon town, also in Benguet province; and Magat in Ramon town, Isabela province.
Ambuklao hydro led 12 participating hydropower generators in the country with a compliance rating of 95.55 percent from June 26, 2019 to June 25, 2020. Binga and Magat hydros placed second and fourth with 92.60 percent and 83.45 percent, respectively.
The Philippine Electricity Market Corp. (PEMC) said this was SNAP‘s third citation this year from them, as the Aboitiz-led company also topped its compliance ratings in April for the cool-dry season that ran from Dec. 26, 2019 to Feb. 25, 2020 and in July for the hot-dry season that ran from February 26 to May 25 this year.
A nonstock, nonprofit corporation, PEMC was incorporated in 2003 upon the initiative of the Department of Energy with representatives from various sectors of the electric power industry. It serves as the autonomous group of market operators and the governing body of the WESM for over 10 years.
The recent award was received virtually by SNAP‘s WESM Compliance Officer (WCO) Shara Camille Landicho. SNAP›s WESM compliance work involves the WCO Trading Group headed by Christian Mark Tarayao, SNAP-Benguet operations led by Edmund Limpayos, and SNAP-Magat operations headed by Edgardo Bundalian.
PEMC also confers rating citations to generation companies that have an exemplary compliance record with WESM‘s laws and manuals such as the must offer rule or MOR, rule on nomination of projected outputs or loading levels, and real-time dispatch schedule.
The summit is an annual event held by PEMC to provide updates and new guidelines on market compliance. It recognizes the electric power industry participants‘ efforts in fostering a culture of compliance and integrity with the WESM rules and manuals. This year’s summit was held on September 25.
SNAP Group is a joint venture between SN Power of Norway and AboitizPower.
