Learning from Developing Country Power Market Experiences: The Case of Philippines

# Figures

|Figure 2‐1 Share of electricity demand in Philippine’s major islands during 2017. ............................ 3|
|---|
|Figure 2‐2 Evolution of electricity consumption in Philippines from 2005 to 2015. .......................... 3|
|Figure 2‐3 Technology‐wise share of electricity generation (in GWh) during 1998 in Philippines. .... 4|
|Figure 2‐4 Technology‐wise share of electricity generation (in GWh) during 2017 in Philippines. .... 4|
|Figure 3‐1 Entities governing Philippine's power market. Source: (ADB, 2016) ................................. 9|
|Figure 4‐1 Pre‐EPIRA power sector organization. ............................................................................. 15|
|Figure 4‐2 Post‐EPIRA power sector organization. ........................................................................... 16|
|Figure 4‐3 Governance structure of the Philippine power market. Source: (Fe Villamejor‐Mendoza,|
|2008) ................................................................................................................................................. 18|
|Figure 5‐1 Relative size of power submarkets in Philippines during 2017, as percentage of total|
|traded energy. ................................................................................................................................... 33|
|Figure 5‐2 Evolution of traded energy volumes in contracts and spot market in Philippines. ......... 33|
|Figure 5‐3 Evolution of yearly average and peak spot price (i.e. in the hour‐ahead market) in|
|Philippines (in real terms). ................................................................................................................ 34|
|Figure 5‐4 Market share and Herfindahl‐Hirschman Index, in terms of registered generation|
|capacity. ............................................................................................................................................ 36|
|Figure 5‐5 Evolution of peak power demand, generation capacity and system reserve margin in the<br>WESM*. ............................................................................................................................................. 37|
|Figure 5‐6 Evolution of capacity margin in Philippine’s grids. .......................................................... 38|
|Figure 5‐7 Evolution of technology‐wise generation operational capacity in Philippines. ............... 39|
|Figure 5‐8 Share of renewable generation capacity by technology in Philippines, 2017. ................ 40|
|Figure 5‐9 Evolution of technology‐wise power generation in Philippines. ..................................... 41|

# Tables

|Table 1‐1 Philippines power sector summary. .................................................................................... 1|
|---|
|Table 3‐1 Power market design overview, Philippines. ...................................................................... 9|
|Table 3‐2 Feed‐In‐Tariff levels approved for renewable power plants in 2012. ............................... 14|
|Table 4‐1 Milestones and other relevant events of Philippine power market evolution. ................ 22|
|Table 4‐2 Institutional indicators for Philippines’ power market, per level ..................................... 29|
|Table 4‐3 Overview of power market implementation in Philippines. ............................................. 30|
|Table 5‐1 Overview of power market outcomes in Philippines. ....................................................... 31|
|Table 5‐2 Evolution of yearly average and peak spot real price (i.e. in the hour‐ahead market) in|
|Philippines. ........................................................................................................................................ 34|
|Table 5‐3 Evolution of energy demand, peak power demand and generation capacity in Philippines|
|(including Luzon, Visayas and Mindanao). ........................................................................................ 37|
|Table 5‐4 Evolution of renewable installed capacity in Philippines. ................................................. 40|
|Table 5‐5 Technology‐wise gross power generation in Philippines (in GWh). .................................. 41|

# Abbreviations

DOE Department of Energy iii