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Within the period, the LWAP average hovered at P9.054 per kwh, which climbed by almost P3.00 per kwh than the daily average of P6.49 per kwh and way even higher than the February average of P4.23 per kwh.
Number-crunching on the price trigger, it was explained, was based on the "hourly average of the ex-ante LWAP during peak hours." Reference to peaks hours, according to the power generation firms, must be on intervals 9 to 21 of each trading day.
In the ERC order, it directed PEMC to use Load Weighted Average ex-Post Prices (LWAP) for November and December; which are distinct from the given reference numbers of system prices.
The decision of the Energy Regulatory Commission (ERC) will effectively set WESM's load weighted average prices (LWAP) at just roughly P6.00 to P7.00 per kilowatt hour from originally at P15.523 per kWh in November and P17.749 per kWh in December.
"In the order, the calculation is not specified but the principle is to have the LWAP cut by half...so the price will be less than P10/kWh or about P6.00 to P7.00 per kWh resulting LWAP," a highly-placed source has divulged.
From a high of P8.959 per kWh load weighted average price (LWAP) on January 8, however, spot market prices had been on steady downtrend since then.
to 8:00 a.m., it was pointed out that the average load weighted average price (LWAP) in the WESM was relatively low at P1.89 per kWh.
In March, when the Luzon grid was placed on a series of yellow alerts, the Load Weighted Average Prices (LWAPs) in the spot market reached as high as P12 per kWh,' Meralco utility economics head Lawrence Fernandez said in an e-mail reply.
Citing Wholesale Electricity Spot Market (WESM) data, Fernandez said the LWAPs for March 4 and 5 were at their highest so far for the year.
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- LW blood group protein, CD242
- LW Ely
- LW x