Hedcor’s Sabangan Hydro, Irisan 1 and 3 Hydros, and Sal-angan Hydro were named as the top one, two and three exemplary compliant run-of-river hydros respectively in Forecast Accuracy Standard (FAS) category during the Wholesale Electricity Spot Market (WESM) Compliance Officer Summit held recently.
Hedcor Sabangan Hydro ranked the highest among participating run-of-river hydropowers all over the country. Hedcor’s Irisan 1 and 3 Hydros and Sal-angan Hydro got the second and third spots, respectively.
The FAS category recognizes the accuracy standards based on projected output from the 26 Dec 2018 to 25 Dec 2019 rating period.
Forecast accuracy for RE Plants is measured by means of Mean Average Percentile Error (MAPE) and 95th Percentile (Perc95) as stated under relevant WESM Manuals and Philippine Grid Code. The monitoring is based on the results generated from the FAS Compliance handled by the Independent Electricity Market Operator of the Philippines.
“We, in Hedcor, embody values and processes to generate clean and renewable energy in a compliant manner as reflected in us being cited as exemplary compliant run-of-river hydros. One of the silver linings brought about by the pandemic is the demand for sustainability and renewables; and we, in Hedcor, take pride in our Cleanergy.” says Rolando Pacquiao, VP for Operations and Maintenance.
The three awards were received virtually by Hedcor’s WESM Compliance Officer, Mr. Jayson A. Francisco.
The Philippine Electricity Market Corporation (PEMC), the governing body of the WESM, conducts the said summit annually to strengthen the culture of compliance and integrity among electricity market participants and to provide latest developments in the Philippine power market.
Hedcor, a run-of-river hydropower arm of AboitizPower, operates 22 plants across the country with a total generating capacity of 277.36 MW of Cleanergy, AboitizPower's brand for clean and renewable energy.