Comments on: Spot Market Startup http://asianenergyadvisors.com/2006/06/20/spot-market-startup/ Focused on the Philippine Electricity Sector Sun, 01 Aug 2010 07:27:37 +0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Nick http://asianenergyadvisors.com/2006/06/20/spot-market-startup/comment-page-1/#comment-60 Nick Thu, 22 Jun 2006 01:58:07 +0000 http://asianenergyadvisors.com/?p=192#comment-60 P62/kWh? Just as a data point for reference - in California, anything over P13/kWh ($250/MWh) is considered a "price spike" and they have a "soft cap" set at about P21/kWh ($400/MWh). I can't imagine a P62 limit coming into play this year. It seems to me that the first eight months or so will be spent with everyone finding their sea legs, seeing how the markets respond to everyday types of contigencies, making sure billing and remittance systems are working, a basic system shake-down. P62/kWh? Just as a data point for reference – in California, anything over P13/kWh ($250/MWh) is considered a “price spike” and they have a “soft cap” set at about P21/kWh ($400/MWh).

I can’t imagine a P62 limit coming into play this year.

It seems to me that the first eight months or so will be spent with everyone finding their sea legs, seeing how the markets respond to everyday types of contigencies, making sure billing and remittance systems are working, a basic system shake-down.

]]> By: Martin http://asianenergyadvisors.com/2006/06/20/spot-market-startup/comment-page-1/#comment-59 Martin Wed, 21 Jun 2006 23:30:58 +0000 http://asianenergyadvisors.com/?p=192#comment-59 Summer, eh? ERC, WESM, and PEMC recently formed a tripartite committee to implement mitigation measures against price spikes and volatility. There's a proposal to set an offer price cap at P62 per kWh. If I understand what you're saying, we won't really know if there's something really wrong until next year, that is, when the tripartite committee's life has ended and while we're all busy with elections. Interesting ... Summer, eh? ERC, WESM, and PEMC recently formed a tripartite committee to implement mitigation measures against price spikes and volatility. There’s a proposal to set an offer price cap at P62 per kWh. If I understand what you’re saying, we won’t really know if there’s something really wrong until next year, that is, when the tripartite committee’s life has ended and while we’re all busy with elections. Interesting …

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