Curious about what happened in the energy market this past week?
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Curious about what happened in the energy market this past week? Mabuhay Energy's Weekly Market Update has you covered! We've compiled the Luzon average electricity prices and demand per day, along with the power plant activities that occurred each day. We also include environmental factors that may affect our electricity prices and demand. 𝐖𝐞𝐞𝐤𝐥𝐲 𝐑𝐮𝐧𝐝𝐨𝐰𝐧: The average market prices and demand increased this past week resulting in higher prices. Moreover, the Ridge of High-Pressure Area and easterly weather system brought warmer temperatures affecting the country. The average electricity demand in the Luzon-Visayas grid went up to as high as 11,814 MW while average electricity prices went up as high as Php 11.19 per kwH. 𝐇𝐞𝐫𝐞'𝐬 𝐭𝐡𝐞 𝐝𝐚𝐲-𝐭𝐨-𝐝𝐚𝐲 𝐛𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧: April 19: Friday - Ridge of High-Pressure Area (HPA) affecting the country. NGCP issued Red and Yellow Alert statuses for Luzon Grid. April 20: Saturday - Ridge of High-Pressure Area (HPA) affecting the country. NGCP issued Yellow Alert status for the Luzon Grid while market intervention was issued for Luzon, Visayas, and Mindanao due to RTD generation. April 21: Sunday - Ridge of High-Pressure Area (HPA) affecting the country. Pagbilao 1 went online from a Forced Outage. Ilijan B sub units went online from an Unplanned Outage while Pagbilao 2 went online then tripped and went online once more from a Force Outage. Additionally, Ilijan Block A 1-1 with a load of 289MW and ST-1 tripped. Furthermore, ALD occurred due to the tripping of Ilijan Blocks A & B then restored. April 22: Monday - Ridge of High-Pressure Area (HPA) affecting the country. Ilijan GT1-2, ST-1, and GT1-1 went online from a Force Outage. April 23: Tuesday - Easterlies affecting the country. NGCP issued Yellow Alert status for Luzon Grid, however, due to tripping of the Balsik San Jose line and activation of SIPS, ALD occurred for Meralco and NGCP feeders, and Luzon Grid was placed on Red Alert. Moreover, the system operator initiated market intervention after the implementation of Manual Load dropping due to generation deficiency. GMEC 1 and BCPP B tripped from a Force Outage while SCPC 1 & 3 tripped and then went online from a Force Outage. April 24: Wednesday - Easterlies affecting the country. NGCP issued Red and Yellow Alert statuses for Luzon Grid while Demand Control Imminent Warning was issued in preparation for the implementation of MLD. Furthermore, GN Power 1 went online from a Force Outage. April 25: Thursday - Easterlies affecting the country. NGCP issued a Yellow Alert for Luzon Grid. Stay abreast of the happenings in the Philippine energy market by following us on social media! https://buff.ly/49gRfc3 https://buff.ly/3OpNgSu Data source: https://www.iemop.ph/ Mabuhay Energy: Your Partner for Growth
