Manila BulletinBy Myrna M. VelascoPublished: April 2, 2013
Clark freeport zone locator Phoenix Semiconductor Philippines Corporation reportedly owes San Miguel Energy Corporation (SMEC) about P300 million for power supply volumes it previously procured via the Wholesale Electricity Spot Market.
The time that the semiconductor firm that does not have any supply contract for its electricity requirements, it was reportedly drawing from the grid and the WESM channeled billings to San Miguel for the volumes sold to it, according to industry sources.
It was further gathered that while Phoenix Semicon already sealed a bilateral supply deal recently, the amount it owed San Miguel remains “unsettled.”
San Miguel’s capacity from the Ilijan natural gas-fired power facility was previously sanctioned to supply the requirements of ecozone locators. The company’s subsidiary South Premiere Power Corporation (SPPC) is the independent power producer administrator (IPPA) for the privatized supply contract of the Ilijan plant.
Phoenix Semicon is a local subsidiary of Korean firm STS Semiconductor which provides turn-key solutions for a wide range of products as well as memory modules for personal computers (PCs) and notebooks.
When asked about the dilemma of the semiconductor company securing supply from the grid via WESM because it does not have a supply contract, Philippine Electricity Market Corporation (PEMC) president Melinda L. Ocampo indicated that “the matter was already resolved.”
A lingering question was raised though if an end-user like Phoenix Semicon can just be allowed to draw its power from the WESM even if it does not have a registration as a market participant.
Such manner of supply procurements from the spot market as well as the “call for dispatch” of must-run units (MRUs) without them getting full compensation, primarily on fuel costs, are among the dilemmas being hurled against WESM.
Affected power generators are complaining that while the system operator calls on their capacity for dispatch, they are not duly paid for their cost of running the plants.
Must-run units are typically utilized to maintain reliability in the system, and done within the parameters of certain operating conditions.
In the Philippines, the must-run units were made especially relevant and brought to the consciousness of the public during the supply shortages experienced in the Luzon grid in 2010. At that time, they were primarily perceived as the capacities adding supply to the grid to ease brownout conditions.
These myriad of concerns have been putting into sharp focus the necessary improvements that the WESM must work on if it wants genuine competition to thrive in the marketplace. source
The time that the semiconductor firm that does not have any supply contract for its electricity requirements, it was reportedly drawing from the grid and the WESM channeled billings to San Miguel for the volumes sold to it, according to industry sources.
It was further gathered that while Phoenix Semicon already sealed a bilateral supply deal recently, the amount it owed San Miguel remains “unsettled.”
San Miguel’s capacity from the Ilijan natural gas-fired power facility was previously sanctioned to supply the requirements of ecozone locators. The company’s subsidiary South Premiere Power Corporation (SPPC) is the independent power producer administrator (IPPA) for the privatized supply contract of the Ilijan plant.
Phoenix Semicon is a local subsidiary of Korean firm STS Semiconductor which provides turn-key solutions for a wide range of products as well as memory modules for personal computers (PCs) and notebooks.
When asked about the dilemma of the semiconductor company securing supply from the grid via WESM because it does not have a supply contract, Philippine Electricity Market Corporation (PEMC) president Melinda L. Ocampo indicated that “the matter was already resolved.”
A lingering question was raised though if an end-user like Phoenix Semicon can just be allowed to draw its power from the WESM even if it does not have a registration as a market participant.
Such manner of supply procurements from the spot market as well as the “call for dispatch” of must-run units (MRUs) without them getting full compensation, primarily on fuel costs, are among the dilemmas being hurled against WESM.
Affected power generators are complaining that while the system operator calls on their capacity for dispatch, they are not duly paid for their cost of running the plants.
Must-run units are typically utilized to maintain reliability in the system, and done within the parameters of certain operating conditions.
In the Philippines, the must-run units were made especially relevant and brought to the consciousness of the public during the supply shortages experienced in the Luzon grid in 2010. At that time, they were primarily perceived as the capacities adding supply to the grid to ease brownout conditions.
These myriad of concerns have been putting into sharp focus the necessary improvements that the WESM must work on if it wants genuine competition to thrive in the marketplace. source
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