Manila BulletinArticle by: Myrna M. VelascoPublished: March 1, 2013
CAGAYAN DE ORO – The initially-estimated pricing cap for interruptible loads to be channeled through the Interim Mindanao Electricity Market (IMEM) has been set at P12.00 per kilowatt hour (kwh), based on simulations presented by the Energy Regulatory Commission.
Referencing on that cost range, the blended rate for Mindanao grid will inch higher by P0.6389 per kwh to P4.3327 per kwh from the most recent pass-through generation charge of P3.6938 per kwh.
Under a scenario wherein interruptible loads will supply lower volume, the generation charge could just climb by P0.2689 per kwh to P3.9627 per kwh.
But since the P12.00 per kwh is initially eyed as the price cap, it was noted that the selling price for IMEM-underpinned generation may go lower than that.
The calculated rate for capacities expected to be sold through the IMEM will be a lot higher than the charges of the oil-fired power barges of Therma Marine Inc. which has been selling at average P7.3136 per kwh, according to data provided by the power industry regulator.
ERC executive director Francis Saturnino Juan explained that the blended rate for Mindanao grid comprises of the dominantly hydro-based power supplied by state-run National Power Corporation at P2.9693 per kwh and that of the TMI’s generation cost.
As he laid down the cost-impact estimates, Juan emphasized that the Mindanao power crisis has short-term solutions, but consumers must be properly apprised that these will have corresponding costs.
The IMEM, he said, “provides and immediate venue for transparent and efficient utilization of additional capacities to address Mindanao energy supply shortfall.” Juan added that “those with available capacity or who can be curtailed can sell/offer to be curtailed at market prices.” source
Referencing on that cost range, the blended rate for Mindanao grid will inch higher by P0.6389 per kwh to P4.3327 per kwh from the most recent pass-through generation charge of P3.6938 per kwh.
Under a scenario wherein interruptible loads will supply lower volume, the generation charge could just climb by P0.2689 per kwh to P3.9627 per kwh.
But since the P12.00 per kwh is initially eyed as the price cap, it was noted that the selling price for IMEM-underpinned generation may go lower than that.
The calculated rate for capacities expected to be sold through the IMEM will be a lot higher than the charges of the oil-fired power barges of Therma Marine Inc. which has been selling at average P7.3136 per kwh, according to data provided by the power industry regulator.
ERC executive director Francis Saturnino Juan explained that the blended rate for Mindanao grid comprises of the dominantly hydro-based power supplied by state-run National Power Corporation at P2.9693 per kwh and that of the TMI’s generation cost.
As he laid down the cost-impact estimates, Juan emphasized that the Mindanao power crisis has short-term solutions, but consumers must be properly apprised that these will have corresponding costs.
The IMEM, he said, “provides and immediate venue for transparent and efficient utilization of additional capacities to address Mindanao energy supply shortfall.” Juan added that “those with available capacity or who can be curtailed can sell/offer to be curtailed at market prices.” source
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