Manila Electric Co. · PSE:MER
Manila Electric — Corporate Update (December 2016)
29 slides from Manila Electric's corporate update, Dec 16, 2016
Slide 1: RCOA Mandatory Contestability for Phase 1 Customers
RCOA Mandatory Contestability for Phase 1 Customers 16 December 2016
Slide 2: Topics
TOPICS RCOA Updates 1 RCOA Timeline 2 General Procedures on Mandatory 3 Migration Requirements 4
Slide 3: RCOA Updates
RCOA Updates
Slide 4: Contestable Customers who switched within Meralco's Franchise Area
420 Contestable Customers who switched within Meralco’s Franchise Area* June 2013 Nov 2016 •238 CCs •420 CCs •1 LRES •1 LRES •5 RES’s •10 RES’s •1 DU SoLR *As of November 2016
Slide 5: RCOA Timeline
RCOA Timeline Feb 26, 2017 Start of Mandatory Contestability June 26, 2016 for Phase 1 Voluntary CCs Contestability for Phase 2 CCs Dec 26, 2013 (750-999 kW) Start of Commercial Run and RES to June 26, 2013 RES Switching Start of Initial Commercial Run
Slide 6: RCOA Timeline continued
June 2018 RCOA Timeline onwards continued… Further lowering down June 26, 2018 of Retail contestability Aggregation of may happen at least 750kW June 26, 2018 within a Lowering of contiguous area threshold to at June 26, 2017 least 500kW* subject to ERC’s Mandatory market performance Contestability
Slide 7: What are your options?
What are your options? 23 Licensed RES’s 42 Designated SoLRs 24 Local RES’s Source: www.buyyourelectricity.com.ph
Slide 8: From whom shall I source my electric supply?
From whom shall I source my electric supply? Prospective RES GenCo Supplier of Source Last Resort directly from the (MERALCO) WESM Article 2, Section 2, 2.2 Resolution No. 10 Series of 2016, A Resolution Adopting the Revised Rules for Contestability
Slide 9: General Procedures on Mandatory Migration
General Procedures on Mandatory Migration 3 • All customers who received their Certificate of Contestability are required to migrate on February 26, 2017 25 Nov months prior 75 • CRB provides the DU the list of customers that may possible become customers of SoLR 13 Dec days prior 60 • Customer’s de
Slide 10: What if I am not able to contract with a Supplier?
What if I am not able to contract with a Supplier? Become a SoLR 1 customer Physically 2 disconnected *As indicated in Resolution No. 35, Series of 2006, A Resolution Adopting the Rules for the Supplier of Last Resort (SoLR)
Slide 11: What if I am not able to contract with a Supplier?
What if I am not able to contract with a Supplier? You will be deemed served by the SOLR* for a period not exceeding 6 months, provided: 1 Sign the SoLR Contract Pay the SoLR bill deposit equivalent to two (2) months total 2 estimated billing based on the average of previous six (6) months' demand a
Slide 12: SoLR Rate Computation of GC
SoLR Rate Computation of GC WESM Nodal Energy Price or SoLR Bilateral 10% Generation Contract Price, premium Charge whichever is higher *Existing provision under ERC Resolution No. 16, Series of 2012 entitled "A Resolution Adopting the Transitory Rules for the Implementation of Open Access and Retai
Slide 13: Proposed SoLR Rate within 6-months from the Mandatory Contestability Date
Proposed SoLR Rate within 6-months from the Mandatory Contestability Date Billing Period from Date* Mandatory Generation Charge GC Premium Contestability 26-Feb-17 Mandatory Contestability (1 MW and up) 26 Feb – 25 Mar 1st Billing Period 2% 2017 26 Mar – 25 Apr Applicable DU 2nd Billing Period appro
Slide 14: SoLR rate after the 6-month period
After the 6-month period from mandatory contestability date, the SoLR rate shall be: WESM Nodal Energy Price or SoLR Bilateral 10% Generation Contract Price, premium Charge whichever is higher *Existing provision under ERC Resolution No. 16, Series of 2012 entitled "A Resolution Adopting the Transit
Slide 15: Forward Contract with a Prospective GenCo is deemed compliant
Forward Contract with a Prospective GenCo is deemed compliant to mandatory contestability Contract • Pre-determined RSC effectivity date must be on or after the commercial operations of the power plant • Exercised only once, until threshold for 750kW customers become mandatory • Must be advised to t
Slide 16: What if the Provisional RES License is cancelled?
What if the Provisional RES License is cancelled? This may happen if the Prospective GenCo is not able to meet the prescribed timeline per phase • Affected customer shall be granted a period of 6 months from notice by the ERC within which to contract with a licensed RES. • Until an RSC has been ente
Slide 17: Initial Switch Procedures for the Mandatory Contestability
Initial Switch Procedures for the Mandatory Contestability
Slide 18: Requirements and Preparations Prior to Joining the Contestable Market
Requirements and Preparations Prior to Joining the Contestable Market Become Eligible Know your needs Choose your Supplier Submit the Requirements
Slide 19: What are the tools that an end-user may need?
What are the tools that an end-user may need? Study your internal power usage Determine your energy consumption forecast Request for your load profile from the DU
Slide 20: Contracting with a Supplier
Contracting with a Supplier • Minimum term: 1 billing cycle Term • Maximum term: 2 years Switch to • This is allowed during the life of the another RSC, but be mindful of possible termination fee that needs be settled Supplier
Slide 21: Timeline for the Mandatory Contestability
Timeline for the Mandatory Contestability CRB provides the DU the list of customers that 13 Dec 2016 may possible become customers of SoLR Customer’s deadline for the signing of the RSC 28 Dec 2016 with a RES Time to Customer, RES and DU’s deadline for the submission 25 Jan 2017 process of all CRB r
Slide 22: What are the Switch Requirements?
What are the Switch Requirements? Initial Switch: Switch from the Captive to the Contestable Market From the Customer to the DU • Signed and notarized Connection Agreement • Settlement of all arrears with the DU prior to the switch • Installed RCOA-compliant meters • DU-MSP shall submit customer-sig
Slide 23: What are the Switch Requirements?
What are the Switch Requirements? Initial Switch: Switch from the Captive to the Contestable Market From the Customer to the CRB, via the RES or SoLR • RCOA Application Form for Indirect Membership of Contestable Customer* • Market Participation Agreement for Indirect Member - Contestable Customer*
Slide 24: What are the Switch Requirements?
What are the Switch Requirements? Initial Switch: Switch from the Captive to the Contestable Market From the Supplier to the DU • Signed and notarized Distribution Wheeling Services (DWS) Agreement • Required DWS bill deposit is settled prior to the switch
Slide 25: What are the requirements for switching to another Supplier?
What are the requirements for switching to another Supplier? Regular Switch: Switch from One Supplier to Another From the Customer to the CRB, via the From the Supplier to the DU RES or SoLR • Required DWS bill deposit is settled • Retail Counterparty Confirmation prior to the switch Form (between D
Slide 26: When would one need the SoLR?
When would one need the SoLR? 1 2 Last Resort Supply Event The RES/Local RES has ceased to operate When an end-user is not able to The RES License has been revoked find its supplier by the deadline set by the ERC for the mandatory The DWS agreement between the RES and DU has been terminated switch t
Slide 27: To whom shall I coordinate with in MERALCO?
To whom shall I coordinate with in MERALCO? Corporate Business Group • Please refer to your Relationship Manager • [email protected] • [email protected] Competitive Market Group (also acts as MERALCO-SoLR) • [email protected]
Slide 28: In Retail Competition, we still got a long way to go.....
In Retail Competition, we still got a long way to go…..
Slide 29: Thank you.
Thank you.
Manila Electric Company (Meralco) — Corporate Update (December 2016) on 6ix