MESSAGE FROM THE CEO | MESSAGE FROM THE COO | MARKET OPERATIONS REPORT MILESTONES AND OTHER UPDATES | SPECIAL FEATURE | GALLERY

W W W. I E M O P. P H

Q U A R T E R L Y R E P O R T

INDEPENDENT ELECTRICITY MARKET OPERATOR OF THE PHILIPPINES Q12021

WE RUNMARKETS

IEMOP QUARTERLY REPORT 03

CONTENT

04MESSAGE FROM THE CEO

05MESSAGE FROM THE COO

07MARKET OPERATIONS REPORT

13MILESTONES AND OTHER UPDATES

18SPECIAL FEATURE

20GALLERY

EDITORIAL TEAM

CONTRIBUTORS

Richard J. NethercottRobinson P. Descanzo

Isidro E. Cacho, Jr.Andrea May T. CagueteAlea Marie M. Ramirez

Danyella Jamina Santiago

Katrina G. AmuyotJulius Eleazar A. BunyiMa. Danica G. Castillo

Josell F. CoMarie Emmanuelle T. Delarmente

Jonathan B. de la ViñaRuziel Larmae T. Gimpaya

John Paul S. GraydaValfia U. Gregorio

Jenny I. JalandoniRaymond Joseph A. Marqueses

Edward I. OlmedoChristian Karla A. RicaLilibeth Grace L. Vetus

MESSAGE FROM THE COO:IEMOP QUARTERLY REPORT 0504 IEMOP QUARTERLY REPORT

Dear market participants,

Sincerely,

ROBIN DESCANZOCOO and Trading Operations Head

As we open a new chapter, 2021 is more than just an epoch for fresh beginnings, but it is also a period of continua-tion for the developments we have initiated during the past year.

Despite the hurdles we have faced brought about by the pan-demic, we were able to withstand and remain determined to deliver efficient and reliable market services to our partici-pants. This would not be possible without the earnest efforts of our employees and staff who continue to work 24/7 to keep the market going.

From the foregoing, we are looking forward to promising days ahead as we inch ever closer to the launch of the Enhanced WESM Design and Operations (EWDO) and integration of WESM in Mindanao this June. In line with this development, efforts have been made to stay on course and fast track the remaining requirements and activities in preparation for this endeavor.

To date, the Trial and Parallel Operations Programs are still ongoing alongside the conduct of Closed Loop Interface Testing which began last 26 March. The objective of the activ-ity is to test the interface and procedures for scheduling and dispatch in the System. This activity shall be succeeded by the implementation of the Limited Live Dispatch Operations (LLDO) wherein the 5-minute dispatch intervals shall be fol-lowed by the participants, but the prices and settlement will

still refer to hourly WESM results. Likewise, preparations have also been set for the conduct of LLDO in Mindanao, wherein Mindanao participants will have their transactions based on current contracts. Prior to this activity, we have actively en-gaged the participants to help them in their registration and eventual integration in the WESM.

To ensure that our market participants are prepared for this shift, we have amplified our virtual stakeholder engagements as well as our presence in the different online platforms, pub-lic website, and social media accounts. The past few months have been filled with Focus Group Discussions (FGDs), Ku-mustahan sessions, and training which are all geared to-wards providing them with updated on market developments and addressing the possible issues and concerns that they might have. We have also conducted monthly media briefings to keep the stakeholders and the public abreast with the time-line and progress of the EWDO.

For our other market developments, this quarter, we have also successfully completed the transfer of 13 newly eligible end-users to the competitive retail electricity market. This is in accordance with the resolution issued by the Energy Regu-latory Commission (ERC) that reduced the minimum average peak demand required to participate in retail competition to 500 kW. In addition, we have also completed the initial stud-ies for the development of the framework for household-level implementation which shall be used in our future coordina-tion meetings with the stakeholders.

With the fervent support given by our participants and stake-holders, we are confident that we would be able to surpass any challenge that may come our way and achieve the covet-ed milestones we have set for this year. Rest assured, we will continue moving forward to ensure that it is an all systems go for all our projects in the pipeline.

We, at IEMOP, are grateful for the unwavering support and collective efforts of stakeholders and participants to com-plete all necessary preparatory activities. Surpassing each hurdle towards these milestones will not be possible without the healthy and productive coordination and cooperation of everyone.

Thank you and let us look forward to a more innovative and excellent electricity market.

MESSAGE FROM THE CEO:

Truly yours,

RICHARD NETHERCOTTPresident and CEO

Dear esteemed readers,

As the Market Operator for the WESM and the Central Registration Body for the Retail Competition and Open Access, IEMOP remains committed more than ever to maintain the continuity of the market operations. This is to safeguard the economical scheduling and dispatching of generators to continuously meet consumers’ demand. All hands are on deck in IEMOP to gear up for an innovative and excellent electricity market for the benefit of stakeholders and consumers alike.

This year, the energy industry anticipates innovative mile-stones in the Philippine electricity market – the transition of the WESM from one-hour to five-minute dispatch interval, the implementation of WESM in Mindanao, and the operations of the Renewable Energy Market. These are all significant events in the history of the Philippine energy sector, as these would lead the way to a more efficient, dynamic, and respon-sive electricity market.

Despite the economic and logistical restrictions, IEMOP, to-gether with the energy industry family, exhibited immense dedication to perform all necessary preparations for the suc-cessful implementation of these innovations. These include the continuous technical preparations for the commercial operations of the new market systems, conduct of numerous stakeholder engagement activities, and constant collabora-tion with the participants to ensure everyone’s readiness.

IEMOP QUARTERLY REPORT 07

MARKET OPERATIONSREPORT

WESM REGISTRATION

Table 1. WESM Registration as of Q1 2021

Table 2. Detailed WESM Registration as of Q1 2021

08 IEMOP QUARTERLY REPORT IEMOP QUARTERLY REPORT 09

The system peak demand for Q1 2021 was recorded at 12,582 MW which is lower by 4.54% as compared to Q1 2020. The Q1 2021 peak demand for each region also de-clined from 2020, with Luzon peak demand (10,487 MW) and Visayas peak demand (2,146 MW) recording a drop of 5.22% and 2.47%, respectively.

RCOA REGISTRATION

Table 3. RCOA Registration as of Q1 2021

Table 4. Detailed RCOA Registration as of Q1 2021 Table 5. Q4 Peak Demand for 2021 and 2020

SUPPLY, DEMAND, AND SPOT PRICES

It should be noted that the 2020 peak demand occurred during Q1 2020, specifically on 10 March 2020, prior to the imposition of Enhanced Community Quarantine (ECQ) during 16 March to curb the impact of COVID-19 transmission in the country. Meanwhile, for Q1 2021, quarantine protocols have been relaxed with some areas of Luzon and Visayas being

placed under General Community Quarantine (GCQ) or Mod-ified GCQ (MGCQ) - which continued to have an impact on economic activity, albeit less restrictive than ECQ.

Throughout the period in review, supply was generally suf-ficient to meet demand with some incidents of tight supply conditions. For the January 2021 billing month, unplanned generator outages, together with the maintenance of several major plants, caused a lower supply margin which resulted to high prices for 12 trading intervals, pulling up the January 2021 average spot price to 2.62 P/kWh.

The supply margin for February 2021 billing month was relatively wide as some major plants on outage during the previous month went online, despite the increase in average demand by about 3.9% as compared to January 2021. Con-sequently, the February 2021 average market price of 2.22 P/kWh was lowered by 15.4% relative to the previous month.

Due to warmer temperatures in March 2021, average demand grew to 10,070 MW which is a 997 MW or 11% increase from

February 2021. The peak demand for the quarter was also recorded during this month, at 12,582 MW on 18 March 2021 at 1400H – around 1,000 MW or 9.6% more than the Febru-ary 2021 peak demand. Simultaneously, reduction in supply was observed as major plants experienced forced and main-tenance outages. These market conditions led to high prices for 137 intervals in March 2021. The average market price was then recorded at 4.16 P/kWh.

SUPPLY DEMAND AVERAGE PRICE

Figure 1. Supply, Demand, and Average Price for Q4 2021

IEMOP QUARTERLY REPORT 1110 IEMOP QUARTERLY REPORT

CONGESTION MARKET TRANSACTION

GENERATION MIX

Coal-powered generation formed the largest part of the generation mix, at 52.0%, compared to the previous quar-ter at 54.5%. This can be attributed to the prolonged outag-es of several major coal plants for this quarter. Meanwhile, some portion of energy that was utilized came from natural gas, geothermal, and hydro power plants comprising around 42.2% of the energy mix.

The contribution of oil-based resources, while minimal, in-creased from last quarter’s energy production due to frequent dispatch during peak periods particularly in March 2021. A to-tal of 147 GWh for 1Q 2021 was generated which is higher as opposed to 83 GWh recorded in 4Q 2020.

Solar, wind, and biomass plants also exhibited an increase in percentage share to the generation portfolio for 1Q 2021, with a combined share of 5.1% as compared to 4.7% in the previous quarter.

Congestion in the Cebu-Negros submarine cable man-ifested for a total of 301 intervals - the highest number of recorded congestions for single network equipment for the 1st quarter of 2021. Most of the instances of congestion occurred during peak hours, as renewable and conventional plants in Negros and Panay were dispatched to export power to Cebu, which is the load center in the Visayas grid.

On the other hand, the Bacolod-Barotac line tends to be con-strained during off-peak hours when the unavailability of so-lar generation in Negros island requires it to import from Pan-ay. It was congested for 53 intervals throughout the subject period.

Sucat-Biñan Line 3, which serves Metro Manila through the Sucat substation, was also frequently congested for this quarter as a result of the imposition of N-1 contingency on Sucat-Biñan Line 4 and the planned outage of Sucat-Biñan Lines 1 and 2.

Pricing impact on some intervals when there were network congestions in the aforementioned transmission lines were mitigated by the application of the Price Substitution Meth-odology (PSM).

Table 6. Frequent Congestions from January to March 2021

RETAIL TRANSACTIONS

There are now 1,585 Retail customers (1,553 DU-connected contestable customers and 32 directly connected custom-ers) registered in the CRB.

The CRB processed 608 total supplier switches by contest-able customers as of 1st quarter of 2021.

The top 3 suppliers with most number of contestable custom-ers are Manila Electric Company (MRLCOLRE), Aboitiz Ener-gy Solutions, Inc. (AESIRES), and SMC Consolidated Power Corporation (SMCCPCRES).

The Contestable market now has 25% energy share for the first quarter of 2021.

BILATERAL QUANTITY SPOT QUANTITY CUSTOMER ESSP

Figure 3. Trend of Market Transactions from Q4 2020 to Q1 2021

On average, monthly consumption for Q1 2021 amounted to 6,103 GWh which is lower by 3% than that of the previous quarter’s average consumption. Spot market transactions, while increasing month-per-month for the quarter in review, comprised 10.5% of the total consumption. For comparison, spot share in 4Q 2020 was recorded at 11.4%.

With the occurrence of consecutive high price events, the av-erage WESM rate rose to 4.50 P/kWh in March 2021, thus

Figure 2. Generation Mix from January to March 2021

FOR MARKET CONCERNS AND SERVICE INQUIRIES,SUBMIT A TICKET TO

CTS.IEMOP.PH

We’re here to assist you.

resulting to an average Q1 rate of 3.14 P/kWh. This is a signifi-cant increase from last quarter’s rate of 1.95 P/kWh. Likewise, it is also a bit higher than the Q1 2020 rate of 2.98 P/kWh.

12 IEMOP QUARTERLY REPORT

MILESTONES ANDOTHER UPDATES

IEMOP QUARTERLY REPORT 13

WESM MINDANAO REGISTRATION

LEGAL MILESTONES

The Department of Energy (DOE) issued its Department Circular No. DC2021-02-0002, entitled, “Adopting the Wholesale Electricity Spot Market (WESM) Industry Code of Ethics” dated 24 February 2021. The WESM Industry Code of Ethics aims to promote compliance, WESM Manu-als, and other applicable rules and regulations as well as fair-ness in dealings amongst WESM participants, WESM Mem-bers, the Market Operator,among others. The WESM Industry Code of Ethics took effect on 9 April 2021.

In particular, the WESM Industry Code of Ethics includes pro-visions on the practice of honesty, integrity, fairness, account-ability, and discipline among WESM participants, WESM Members, the Market Operator, and others. It also mandates them to actively participate in all periodic WESM audits which require their cooperation and to comply with rules, laws, poli-cies, and regulations related to the WESM.

The WESM participants, WESM Members, the Market Op-erator and others are expected to report to the Department of Energy, any unlawful and unethical activities related to WESM. Further, it also mandates the active participation of the concerned entities in all WESM activities and programs that require cooperation.

The Independent Electricity Market Operator of the Philip-pines (IEMOP), as the Market Operator of WESM, commits to adhere to the WESM Industry Code of Ethics in dealing with the WESM participants, WESM members and others.

RULES CHANGE PROPOSALS

In navigating towards a brighter future amidst the new normal, IEMOP continuously strives to ensure sustainable developments in its electricity market operations. IEMOP proactively contributes in the regular review and develop-

ment of possible changes to the WESM Rules and Manuals to conquer new challenges, improve operational processes and efficiency, better cater to the needs of the WESM participants, and integrate the myriad of changes and technological ad-vancements in the electric power system for the achievement of WESM objectives. In line with this, IEMOP has submitted several rules change proposals to the WESM Rules Change Committee (RCC) during the 1st quarter of 2021. Highlights of the proposed changes and their status are as follow:

Proposed Amendments to the WESM Rules and WESM Manuals on Validation Timeline Adjustment in Metering and Billing

The WESM Rules provides for the timeline on the issuance of settlement statements. The Market Operator is required to issue preliminary settlement statements to the trading partic-ipants within seven (7) days after the end of the billing period. After the review period, the Market Operator then issues final settlement statements to the trading participants within eigh-teen (18) days after the end of the billing period.

One of the requirements to this process is the timely submis-sion of the metering data from the Metering Services Provid-ers (MSPs) to the Market Operator within three (3) days after the end of the billing period. The Market Operator has four (4) days to validate and process the metering data upon its receipt, along with the prices and schedules, for the issuance of the preliminary settlement statements. For the preparation of final settlement statements, the WESM Rules and Market Manuals provide inconsistent timelines in the submission of corrected or new metering data prior to the issuance of final settlement statements. The WESM Rules requires the data two (2) working days prior to the issuance. On the other hand, the WESM Manual on Metering Standards and Proce-dures Issue 12.0 requires the data four (4) days prior the is-suance; while the Retail Manual on Metering Standards and Procedures Issue 3.0 requires the data five (5) days prior to issuance of final settlement statements. Depending on the

Table 7. WESM Mindanao Registration as of Q1 2021

IEMOP QUARTERLY REPORT 1514 IEMOP QUARTERLY REPORT

reference document, the Market Operator has two (2) to five (5) days to validate and process inputs for final settlement statement issuance.

During actual operations, IEMOP is constrained to validate and process settlement inputs for preliminary settlement statements within three (3) business days (i.e., less one day) due to observed frequent late submission of metering data by some Retail MSPs. For final settlement statements, the Mar-ket Operator regularly advises wholesale and retail MSPs to submit metering data four (4) days prior to the issuance of fi-nal settlement statements to provide time for input validation prior to settlement calculations. The current timelines, how-ever, have only been observed to be sufficient for the com-pletion of metering data validation and settlement calculation processes, but it is inadequate to review settlement results. As a result, the Market Operator can only perform further validation after the issuance of the settlement statements. If there are issues or concerns found, settlement statement adjustments are then issued.

Lastly, the volume of metering data being submitted to the Market Operator is continuously increasing with the entry of more contestable customers to the competitive retail mar-ket and with the forthcoming implementation of the WESM in Mindanao and Green Energy Option Program (GEOP). This will result in more validation time required to process all me-tering data being received by the Market Operator.

To address these concerns, IEMOP proposed the following changes to the metering and billing timelines:

• Additional one (1) day for settlement results validation by:

1. Adjusting the timeline for issuance of preliminary settle-ment statements to eight (8) days after the end of the billing period from seven (7) days after the end of the bill-ing period

2. Setting and harmonizing the deadline for submission of metering data for final settlement statements to five (5) days prior to issuance of final settlement statement

• Report to the governance body any non-compliance of wholesale and retail MSPs with the timeline of submis-

sion of monthly metering data. Such non-compliance shall be subject to appropriate penalties.

With these proposed changes, the Market Operator will have five (5) days to validate metering data, perform settlement calculations, and review settlement results for both the pre-liminary and final settlement statements.

The Rules Change Committee approved on 15 January 2021 the publication of the proposed amendments for comments. It was initially deliberated by the RCC on 19 March 2021 but was deferred pending DOE’s decision on RCC Resolution 2019-10, which contains details relevant to this proposal.

Proposed Urgent Amendments to the Dispatch Pro-tocol for Enhancements to Market Operator-Sys-tem Operator Procedures

In preparation for the implementation of the enhanced WESM design and operations, the Market Operator and System Op-erator conducted several collaborative activities, including workshops and joint assessment of the results from the trial / parallel operations programs. As a result of these activities, enhancements to MO and SO procedures were identified and included in this proposal.

The objectives of the rules change proposal are to enhance the processes among the MO, SO, and Trading Participants, and to establish a framework where all WESM Stakehold-ers are enjoined to ensure grid security and reliability upon transition to the 5-minute dispatch interval. The submitted proposed amendments to the Dispatch Protocol include the following:

• Harmonization of nomenclature for reserve types with the DOE issuance;

• To replace snapshot data with real-time data, including reference to the MNM manual concerning the required information for this data;

• Clarify SO data updates in the MMS;

• Submission of day-ahead projected output from VREs to the System Operator;

• Enhancements on the creation of the Merit Order Table, especially on the exclusion of scheduled reserve capac-ities;

• Process enhancements on the dispatch implementation;

• Include guidelines on dispatch via automatic generation control (AGC); and

• Improvements on post-dispatch reporting

IEMOP submitted the urgent rules change proposal to the Rules Change Committee on 23 March 2021.

Proposed Amendments to the WESM Manuals on Market Resource Modelling

In addition to enhancements to dispatch procedures for the five-minute interval market, refinements and clarifications in the modelling of market resources in the Market Network Model (MNM) and additional features in the modelling of gen-erators were also identified during the joint MO-SO activities.

The proposed changes to amend the WESM Manuals on Reg-istration and Market Network Model include the following:

• Clarification on the modelling of aggregated generating resources;

• Registration of option for generator availability for WESM scheduling;

• Harmonization of nomenclature for reserve types with the DOE issuance;

• Establish requirements for real-time data from the Sys-tem Operator;

• Improve process on MNM development and deployment;

• Allow urgent updates to the MNM;

• Improve documentation and reporting; and

• Provide more clarity in the guidelines used for establish-ing the market model and the power system model and in the modelling of market resources

• IEMOP submitted this proposal to the Rules Change Committee on 23 March 2021.

Proposed Amendments to the WESM Rules and WESM Manual on De-registration and Cessation

Under Section 2.9.1 of the WESM Manual on Registration, Suspension, and De-Registration Criteria and Procedures, all registered WESM Members are required to ensure their con-tinuing compliance with membership criteria, and technical and commercial requirements set forth in the WESM Rules and Manuals. A Trading Participant is expected to submit a request to cease its registration in the WESM in the event that it becomes ineligible to be a WESM Member. Certain circum-stances, however, such as the sale of sub-transmission asset or termination of operations of a generation or load facility, make certain existing WESM Members ineligible for WESM Membership.

Under WESM Rules Clause 2.3.3.9, the Market Operator shall issue a suspension notice to ineligible registered Trading Par-ticipants. The issuance of a suspension notice by the Market Operator requires publication of such notice in a newspaper of general circulation, which will necessarily incur cost to be recovered from the market participants. Due to the change in the circumstance which led to the ineligibility of the WESM member, the said Trading Participant will not be able to rem-edy its ineligibility and its de-registration would be inevitable. Hence, going through the suspension process and complying with the publication requirement on the part of the Market Operator entails unnecessary cost.

A trading participant who wishes to cease its registration in the WESM must send a notice to the Market Operator. Under WESM Rules Clause 2.6.3, the Market Operator, upon receipt of the notice from the Trading Participant, is required to noti-fy all WESM Members of the cessation of registration of the Trading Participant. However, the cessation of its registration cannot proceed if it is still capable of injecting or withdrawing power from the grid. Thus, the Market Operator requires the submission of proof that the Trading Participant will not be injecting or withdrawing power from the grid, such as proof

of disconnection. The Market Operator issues the notice of cessation to the rest of WESM Members only after receiving and validating the proof submitted by the Trading Participant.

An initial finding in the latest market operations audit is that the notice of cessation is not immediately published by the Market Operator upon receipt of notice from the trading par-ticipant. As discussed, the Market Operator does not imme-diately publish the notice to validate the submitted pieces of evidence to establish that the Trading Participant will not be injecting/withdrawing power from the grid.

The proposed rules change aims to avoid the unnecessary cost of undergoing the suspension process for ineligible Trading Participants whose de-registration is inevitable; and to provide a validation period for the Market Operator to as-sess the submissions relative to a request for cessation of registration.

To achieve these objectives, IEMOP proposed the following changes to the WESM Rules and WESM Manual on Regis-tration, Suspension and De-Registration Criteria and Proce-dures:

• Allow the Market Operator to de-register a Trading Partic-ipant that has recently become ineligible without under-going the suspension process.

1. Provide criteria in identifying a Trading Participant that has recently become ineligible.

2. Provide the details of process and timeline for the de-reg-istration which would include coordination with the Trad-ing Participant, and Network Service provider or Distribu-tion Utility

• Provide a validation period after the submission of a cessation notice by the Trading Participant intending to de-register, prior to the publication of the Market Opera-tor of a notice to the rest of the WESM Members

IEMOP submitted this proposal to the Rules Change Commit-tee on 23 March 2021.

IEMOP QUARTERLY REPORT 17

The table on the next page provides updates on the rules change proposals spearheaded by IEMOP.

18 IEMOP QUARTERLY REPORT IEMOP QUARTERLY REPORT 19

SPECIAL FEATURE

The power of choice among the electricity end-users is one of the envisioned goals of the Electric Power Industry Reform Act of 2001 (EPIRA). The provision contained in EPI-RA on the Retail Competition and Open Access (RCOA) is the instrument for the realization of this objective.

RCOA encourages the entry of new retail supply industry play-ers and promotes competition for better rates and services for the benefit of the electricity consumers. Prior to RCOA, end-users can only source their electricity from the distribu-tion utility to which they are connected. With the advent of RCOA, eligible end-users can now choose from a number of competitive Retail Electricity Suppliers (RES) in the market and be able to negotiate deals that best suit their needs. For example, an end-user that consumes more electricity during night-time may enter into a retail contract that have different price options for day and night hours. Moreover, an end-user

who has environmental objectives may opt to contract with a supplier that sources its supply from renewable energy pow-er plants such as solar, wind, and hydro.

In addition to being the Market Operator of the WESM, the In-dependent Electricity Market Operator of the Philippines (IE-MOP) also performs the functions of the Central Registration Body (CRB) of the retail electricity market. The role of IEMOP as the CRB includes facilitating the switching of an end-user from its distribution utility to a supplier, or from one supplier to another. Upon receipt of switch request from a supplier, the CRB ensures that all technical and commercial requirements are complied with to complete the transfer of an end-user.

With the recent promulgation of the Energy Regulatory Com-mission (ERC) which lowered the threshold for participating in retail competition from 750kW to 500kW , IEMOP success-

fully completed the transfer of thirty-eight (38) newly eligible end-users to the competitive retail electricity market during 1Q 2021. This added to the total of 1,553 end-users that have already switched their supply from their respective distribu-tion utilities to suppliers since the implementation of RCOA in 2013. Also, 608 end-users have completed the transfer from one supplier to another after already transferring from their distribution utility – further indicating competition in the re-tail electricity supply market. Currently, eligible end-users can choose from thirty-six (36) suppliers.

As envisioned by the EPIRA, the threshold for eligibility to participate in retail competition will be successively reduced until it reaches the household level. This requires review and enhancements on how RCOA will be implemented to ensure the efficient transfer of end-users to their new suppliers, and the accurate accounting of their consumption for settlement.

To date, IEMOP has already initiated efforts in conducting studies on possible market designs for the efficient and effec-tive lowering of RCOA threshold down to the household level. It has completed its initial studies for the development of the framework for household-level implementation. It has also submitted to the DOE and ERC its study on retail aggregation. The aim of the study is to enable participation of end-users below the eligibility threshold through consolidation of their demand requirements. In the coming days, IEMOP will con-tinue to perform technical studies, develop process enhance-ments, and coordinate with the Department of Energy and Energy Regulatory Commission to empower each Filipino electricity end-user with the power of choice.

GALLERY20 IEMOP QUARTERLY REPORT

IN PHOTO: 1. In preparation for the launch of the Enhanced WESM Design and Operations (EWDO), IEMOP conducted a series of Focus Group Discussions (FGDs) with the Market Participants. EWDO FGDs are aimed to apprise the participants of the timeline, updates, and way forward for the Go-Live; 2. As a preparation for the launch of WESM in Mindanao, IEMOP conducted series of FGDs with Mindanao participants with the representatives from the Depart-ment of Energy (DOE) and Energy Regulatory Commission (ERC). The event aims to brief the participants on the timeline, updates, their registration status, and to address the concerns and issues that they may have; 3-5. IEMOP conducted a Forum on the Commercial Operations of the Enhanced WESM Design. The activity aims to inform the participants of the process involved in the LLDO, including the timeline of activities upon EWDO’s Go-Live Date; 6-7. To forge stronger relationships with its stakeholders, IEMOP conducted Kumustahan sessions with AMRECO, PEPOA, PHILRECA, and PIPPA; This endeavor provided the stakeholders and participants updates on market developments and the upcoming Go-Live as well as the WESM in Mindanao.

3

1 2

4

5

6

3

7

WWW.IEMOP.PH INFO@IEMOP.PH@IEMOPINFO