Weekly Summary Report

2013 Trading Week 32: 29 July - 04 August 2013

Weekly Summary Report

SUPPLY AND DEMAND
TABLE 1. DAILY SUMMARY OF OFFERS AND DEMAND, SYSTEM
DATE Jul-29 Jul-30 Jul-31 Aug-01 Aug-02 Aug-03 Aug-04 OFFER, MW MIN 9,511 9,514 9,543 9,759 8,999 8,762 8,713 8,713 AVE 9,842 9,778 9,792 9,900 9,949 9,115 9,181 9,651 MAX 10,205 10,011 10,048 10,066 10,373 9,341 9,698 10,373 MIN 5,274 6,073 6,131 5,848 6,034 6,086 5,552 5,274 RTD DEMAND, MW AVE 7,265 7,527 7,403 7,476 7,635 7,168 6,682 7,308 MAX 8,638 8,587 8,734 8,937 8,052 7,880 8,937

Week 32: 29 Jul - 04 Aug 2013

GRAPH 1. HOURLY PROFILE OF SUPPLY AND DEMAND, SYSTEM

11000 OFFER AVAILABLE SUPPLY SYSTEM RTD

10000

MEGAWATT

8,755

9000

8000

7000

6000

5000

DAILY MINIMUM, AVERAGE, AND MAXIMUM VALUES OF ENERGY OFFERS AND EX-ANTE DEMAND FOR THE WEEK

HOURLY TREND OF ENERGY OFFERS, AVAILABLE SUPPLY, AND DEMAND AT EX-ANTE

FORECAST PERFORMANCE
TABLE 2. DAILY SUMMARY OF FORECAST ERRORS, SYSTEM
FORECAST ERRORS, % DATE Jul-29 Jul-30 Jul-31 Aug-01 Aug-02 Aug-03 Aug-04 MINIMUM 0.04 0.01 0.14 0.04 0.03 0.00 0.01 0.00 MAPE 0.67 0.94 0.88 0.66 0.81 0.65 0.74 0.76 MAXIMUM 2.23 2.07 2.92 1.88 2.01 1.84 2.92 HOURLY TREND OF PROJECTED (RTD) AND ACTUAL DEMAND
6000 MEGAWATT

GRAPH 2. HOURLY PROFILE OF PROJECTED AND ACTUAL DEMAND, SYSTEM

11000 SYSTEM RTD SYSTEM ACTUAL 10000

2.12

9000

8000

7000

5000

DAILY MINIMUM, AVERAGE, AND MAXIMUM FORECAST ERRORS FOR THE WEEK

EX-ANTE GENERATION MIX

TABLE 3. DAILY SUMMARY OF EX-ANTE GENERATION MIX, SYSTEM
GENERATION MIX, % DATE Jul-29 Jul-30 Jul-31 Aug-01 Aug-02 Aug-03 Aug-04 COAL 51.3 52.6 50.9 50.0 48.9 48.5 49.3 50.2 GENERATION MIX GEO 13.1 13.3 13.5 13.9 13.7 14.1 14.4 13.7 HYDRO 6.3 5.9 7.1 7.8 8.7 7.9 7.4 7.3 NAT GAS 29.0 27.9 28.2 28.1 28.4 29.3 28.9 28.5 DIESEL / OIL 0.3 0.2 0.2 0.2 0.2 0.2 0.1 0.2 WIND AND BIO 0.1 0.1 0.0
HYDRO 7.3% COAL 50.2%

GRAPH 3. TOTAL EX-ANTE GENERATION MIX FOR THE WEEK, SYSTEM

DIESEL/OIL 0.2%

NAT GAS 28.5%

GEO 13.7%

DAILY PERCENTAGE (%) SHARE OF RESOURCE TYPE TO THE SCHEDULED (EX-ANTE)

WEEKLY GENERATION MIX BY RESOURCE TYPE (IN %) BASED ON THE SCHEDULED GENERATION DURING THE TRADING WEEK

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Weekly Summary Report

CAPACITY (OFFER) MIX
TABLE 4. DAILY % SHARE OF ENERGY OFFERS, SYSTEM
AVERAGE CAPACITY MIX, % DATE Jul-29 Jul-30 Jul-31 Aug-01 Aug-02 Aug-03 Aug-04 COAL 45.9 46.8 45.7 45.7 46.4 43.0 43.0 45.3 GEO 11.3 11.1 11.1 11.1 11.0 11.7 12.2 11.4 HYDRO 6.2 5.2 6.6 6.7 6.9 6.4 6.7 6.4 NAT GAS 25.0 25.2 25.1 24.8 24.7 27.0 26.7 25.5 DIESEL / OIL 11.6 11.8 11.5 11.7 11.1 12.0 11.4 11.6 WIND AND BIO 0.1 0.1 0.0

Week 32: 29 Jul - 04 Aug 2013

GRAPH 4. HOURLY PROFILE OF % SHARE OF ENERGY OFFERS, SYSTEM

12000 OTHERS NAT GAS GEO DIESEL/OIL HYDRO COAL

10000

8000 MEGAWATT

6000

4000

2000

DAILY PERCENTAGE (%) MIX OF ENERGY OFFERS BY RESOURCE TYPE

HOURLY PROFLE OF ENERGY OFFER MIX BY RESOURCE TYPE

HVDC FLOW
TABLE 5. DAILY SUMMARY OF HVDC FLOWS
HVDC DIRECTION, % OF TIME DATE Jul-29 Jul-30 Jul-31 Aug-01 Aug-02 Aug-03 Aug-04 RTD NO FLOW VL 91.7 91.7 75.0 58.3 58.3 95.8 100.0 81.5 LV 8.3 8.3 25.0 41.7 41.7 4.2 18.5 NO FLOW 4.2 0.6 ACTUAL VL 83.3 75.0 58.3 50.0 45.8 91.7 95.8 71.4 LV 16.7
MEGAWATT

GRAPH 5. HOURLY PROFLE OF EX-ANTE HVDC FLOWS

250 200 150 100 50 0 -50 -100 -150 LUZON TO VISAYAS VISAYAS TO LUZON

25.0 41.7 50.0 54.2 8.3 28.0

DAILY SUMMARY OF HVDC FLOWS INDICATING THE FLOW OF POWER, WHICH CAN EITHER BE FROM VISAYAS TO LUZON (VL), LUZON TO VISAYAS (LV), OR NO INTERACTION BETWEEN THE TWO GRIDS (NO FLOW)

SCHEDULED HVDC FLOW AT EX-ANTE, WHICH CAN EITHER BE FROM VISAYAS TO LUZON OR FROM LUZON TO VISAYAS. ZERO INDICATES NO POWER FLOW BETWEEN BOTH GRIDS.

MARKET PRICES
TABLE 6. SUMMARY OF LOAD WEIGHTED AVERAGE PRICES, SYSTEM
DATE Jul-29 Jul-30 Jul-31 Aug-01 Aug-02 Aug-03 Aug-04 RTD MIN 41 1,483 1,463 1,366 790 1,533 1,457 41 FOR THE WEEK MAX 2,466 2,763 2,576 2,870 5,106 4,895 2,414 5,106 AVE 1,947 2,137 1,960 1,952 2,110 2,283 1,893 2,042 MIN 0 1,485 1,461 1,362 733 1,563 1,456 0 RTX MAX 2,541 2,778 2,577 2,623 5,644 4,241 2,408 5,644 AVE 1,951
LWAP, PESOS PER MWh 12000

GRAPH 6. HOURLY PROFILE OF LOAD WEIGHTED AVERAGE PRICES, SYSTEM

15000 RTD LWAP RTX LWAP

2,141 1,927 1,941 2,160 2,194 1,921 2,035

9000

6000

3000

DAILY MINIMUM, AVERAGE, AND MAXIMUM SYSTEM (LUZON AND VISAYAS) PRICES

HOURLY TREND OF RTD AND RTX SYSTEM (LUZON AND VISAYAS) PRICES DURING THE WEEK

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Weekly Summary Report

GRAPH 7. EX-ANTE LOAD WEIGHTED AVERAGE PRICE DISTRIBUTION, SYSTEM
100 RTD RTX

Week 32: 29 Jul - 04 Aug 2013

GRAPH 8. HOURLY EX-ANTE LOAD WEIGHTED AVERAGE PRICES PER GRID

15000 LUZON VISAYAS

80 PERCENT OF TIME LWAP, PESOS PER MWh

12000

60

9000

40

6000

20

3000

0
0 and Below 0 - 2000 2000 - 4000 4000 - 6000 6000 - 8000 8000 10000 Above 10000

DISTRIBUTION OF THE HOURLY RTD AND RTX SYSTEM LWAP DURING THE WEEK. THE WEEKLY PERCENT OF TIME IS CALCULATED BASED ON A 24-HOUR TIME PERIOD AND THE TOTAL NUMBER OF HOURS DURING THE WEEK.

HOURLY TREND OF EX-ANTE PRICES IN LUZON AND VISAYAS DURING THE WEEK

TABLE 7. SUMMARY OF LOAD WEIGHTED AVERAGE PRICES, LUZON

DATE Jul-29 Jul-30 Jul-31 Aug-01 Aug-02 Aug-03 Aug-04 RTD, PhP/MWh MIN 41 1,577 1,574 1,466 789 1,638 1,587 41 MAX 2,454 2,758 2,378 2,616 5,466 4,239 2,379 5,466 AVE 1,949 2,154 1,979 1,936 2,080 2,277 1,948 2,047 MIN 0 1,579 1,572 1,461 733 1,681 1,585 0 RTX, PhP/MWh MAX 2,454 2,766 2,378 2,616 5,466 4,239 2,381 5,466 AVE 1,940 2,161 1,947 1,942 2,094 2,225 1,990 2,043

TABLE 8. SUMMARY OF LOAD WEIGHTED AVERAGE PRICES, VISAYAS

DATE Jul-29 Jul-30 Jul-31 Aug-01 Aug-02 Aug-03 Aug-04 RTD, PhP/MWh MIN 41 933 805 794 796 930 418 41 MAX 3,181 3,286 3,535 5,920 5,979 8,647 3,463 8,647 AVE 1,937 2,039 1,862 2,032 2,275 2,321 1,581 2,014 MIN 0 935 806 797 734 876 419 0 RTX, PhP/MWh MAX 3,336 3,298 3,529 3,197 6,560 4,252 3,309 6,560 AVE 2,011 2,032 1,818 1,934 2,512 2,019 1,534 1,991

DAILY MINIMUM, AVERAGE, AND MAXIMUM PRICES IN LUZON FOR THE WEEK

DAILY MINIMUM, AVERAGE, AND MAXIMUM PRICES IN VISAYAS FOR THE WEEK

GRAPH 9. HOURLY PROFILE OF LOAD WEIGHTED AVERAGE PRICES, LUZON

RTD LWAP 15000 RTX LWAP

GRAPH 10. HOURLY PROFILE OF LOAD WEIGHTED AVERAGE PRICES, VISAYAS

RTD LWAP 15000 RTX LWAP

12000 LWAP, PESOS PER MWh LWAP, PESOS PER MWh

12000

9000

9000

6000

6000

3000

3000

GRAPH 11. HOURLY PROFILE OF MAX AND MIN NODAL PRICES, LUZON
MAXIMUM 15000 MINIMUM

GRAPH 12. HOURLY PROFILE OF MAX AND MIN NODAL PRICES, VISAYAS
MAXIMUM 15000 MINIMUM

12000 LWAP, PESOS PER MWh LWAP, PESOS PER MWh

12000

9000

9000

6000

6000

3000

3000

HOURLY TREND OF RTD AND RTX PRICES IN LUZON DURING THE WEEK

HOURLY TREND OF RTD AND RTX PRICES IN VISAYAS DURING THE WEEK

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Weekly Summary Report

CONGESTIONS
TABLE 9. CONSTRAINED EQUIPMENT, LUZON
EQUIPMENT BAKUN TR1 ZAPOTE CALAUAN-MAKBAN LN EX-ANTE EX-POST INTERVALS % OF TIME INTERVALS % OF TIME 65 8 38.69 4.76 1 0.60 -

Week 32: 29 Jul - 04 Aug 2013

TABLE 10. CONSTRAINED EQUIPMENT, VISAYAS

EQUIPMENT LEYTE-CEBU SUB-CABLE PGPP1 TR1 NEGROS-PANAY SUB-CABLE EX-ANTE EX-POST INTERVALS % OF TIME INTERVALS % OF TIME 3 24 1.79 14.29 7 1 25 4.17 0.60 14.88

PRICING CONDITIONS
TABLE 11. FREQUENCY OF PRICING CONDITIONS, LUZON
DATE Jul-29 Jul-30 Jul-31 Aug-01 Aug-02 Aug-03 Aug-04 AP AP VALID RTD VALID 6 12 12 13 11 19 24 97 PEN 18 12 12 11 13 5 71 VALID 24 24 24 24 24 24 24 168 RTX MRR PEN/MRR

TABLE 12. FREQUENCY OF PRICING CONDITIONS, VISAYAS

DATE Jul-29 Jul-30 Jul-31 Aug-01 Aug-02 Aug-03 Aug-04 AP RTD VALID 22 24 24 24 24 24 24 166 PEN 2 2 VALID 24 24 24 24 24 24 24 168 RTX MRR -

- TRADING HOURS AFFECTED BY MARKET INTERVENTION (MI) - TRADING HOURS WITH NO PEN OR MI

- TRADING HOURS ISSUED WITH PRICING ERRORS

TABLE 13. REASON FOR EX-ANTE PRICING ERRORS, LUZON

LUZON, EX-ANTE PEN DATE Jul-29 Jul-30 Jul-31 Aug-01 Aug-02 Aug-03 Aug-04 UGEN VOLL CONT 12 12 12 11 13 5 65 BC PSM 6 6 ERR -

TABLE 14. REASON FOR EX-ANTE PRICING ERRORS, VISAYAS

VISAYAS, EX-ANTE PEN DATE Jul-29 Jul-30 Jul-31 Aug-01 Aug-02 Aug-03 Aug-04 UGEN VOLL CONT BC PSM 2 2 ERR -

TABLE 15. REASON FOR EX-POST PRICING ERRORS, LUZON

LUZON, EX-POST PEN DATE Jul-29 Jul-30 Jul-31 Aug-01 Aug-02 Aug-03 Aug-04 UGEN VOLL CONT UGEN - UNDER-GENERATION - NODAL VALUE OF LOST LOAD - CONTINGENCY CVC VOLL CONT BC PSM ERR -

TABLE 16. REASON FOR EX-POST PRICING ERRORS, VISAYAS

VISAYAS, EX-POST PEN DATE Jul-29 Jul-30 Jul-31 Aug-01 Aug-02 Aug-03 Aug-04 BC PSM ERR UGEN - BASE CASE CVC - SUBJECTED TO THE PRICE SUBSTITUTION METHODOLOGY - ERRONEOUS INPUT OR SNAPSHOT INFORMATION VOLL CONT BC PSM ERR -

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Weekly Summary Report

MUST-RUN UNITS
TABLE 17. INTERVALS WITH MUST-RUN UNIT (MRU) EVENTS
DATE Jul-29 Jul-30 Jul-31 Aug-01 Aug-02 Aug-03 Aug-04 LUZON 24 24 24 24 24 24 24 168 DAILY TOTAL OF MRU EVENTS PER GRID (LUZON AND VISAYAS). MRU EVENTS REFER TO OCCURRENCES IN WHICH GENERATING UNITS ARE DESIGNATED BY THE SYSTEM OPERATOR AS MUST-RUN UNITS FOR CERTAIN TRADING INTERVALS. SOURCE: NGCP LUZON SYSTEM OPERATIONS AND VISAYAS SYSTEM OPERATIONS VISAYAS 8 11 10 8 37 -

Week 32: 29 Jul - 04 Aug 2013

GRAPH 13. HOURLY PROFILE OF MRU EVENTS

LUZON HOURLY FREQUENCY OF MRU EVENTS 5 VISAYAS

HOURLY TOTAL OF MRU EVENTS

TABLE 18. MRU EVENTS, LUZON

DATE Jul-29 Jul-30 Jul-31 Aug-01 Aug-02 Aug-03 Aug-04 THERMAL RESERVE TOTAL 37 38 24 24 24 24 24 195 THERMAL RESERVE VOLTAGE COM/REG 37 38 24 24 24 24 24 195 OTHERS -

TABLE 19. MRU EVENTS, VISAYAS

DATE Jul-29 Jul-30 Jul-31 Aug-01 Aug-02 Aug-03 Aug-04 VOLTAGE COM/REG TOTAL 10 19 22 8 59 THERMAL 6 11 4 6 27 RESERVE VOLTAGE 4 8 18 30 COM/REG OTHERS 2 2

- THERMAL LIMITS OF TRANSMISSION LINE AND/OR POWER EQUIPMENT - INADEQUATE RESERVE LEVEL

- SYSTEM VOLTAGE REQUIREMENT - COMMERCIAL OPERATION OR REGULATORY REQUIREMENTS

OTHER NOTABLE MARKET HIGHLIGHTS THAT AFFECTED MARKET CONDITIONS

- AUTOMATIC LOAD DROPPING OCCURRED ON 29 JULY 2013 AS A RESULT OF THE TRIPPING OF MAGAT, AFFECTING THE NGCP AND MERALCO FEEDERS. POWER SUPPLY WAS IMMEDIATELY RESTORED TO THE SAID FEEDERS DURING THE DAY. - AUTOMATIC LOAD DROPPING OCCURRED ON 02 AUGUST 2013 AS A RESULT OF THE TRIPPING OF PGPP1 UNIT 2, AFFECTING THE KABANKALAN-BINALBAGAN FEEDER

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