The awards were received by SNAP's Regulatory Affairs Manager and WESM Compliance Officer, Vida Joan Toque, during the WESM Compliance Officer Summit held on October 14, 2022.
Binga hydro ranked first under the Hydro Resource Type in compliance with the WESM rules relating to the Must Offer Rule/Rule on nomination of projected outputs or loading levels and compliance with the Real-Time Dispatch schedule in WESM for the period 26 December 2021 to 25 June 2022. Ambuklao hydro placed second, while Maris hydro placed second under the Non-scheduled generation category.
The recognitions demonstrate the effective collaboration between the company's trading team, plant operations and maintenance (O&M), and legal and regulatory affairs teams in carrying out daily compliances to the WESM requirements.
The Philippine Electricity Market Corporation (PEMC) confers rating citations to generation companies that have an exemplary compliance record with the WESM rules and manuals such as the Must Offer Rule (MOR), rule on nomination of projected outputs or loading levels, and compliance to Real-Time Dispatch schedule.
The summit is an annual event held by PEMC to provide updates and new guidelines on market compliance. It recognizes the electric power industry participants' efforts in fostering a culture of compliance and integrity with the WESM rules and manuals.
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