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APPLICATION
FOR
APPROVAL
OF
THE
ELECTRIC
POVVER
PURCHASE
AGREEMENT
BETVVEEN
ILOILO
II
ELECTRIC COOPERATIVE,
INC. AND PANAY ENERGY
DEVELOPMENT
CORPORATION
WITH
PRAYER
FOR
PROVISIONAL AUTHORITY
ERC CASE NO. 2016-098
ILOILO
II
ELECTRIC
COOPERATIVE, INC. AND"
PANAY
ENERGY
DEVELOPMENT
CORPORATION
Applicants.
RC
DOCKE'l'ElJ
AUG 2 5 ..201~"
Date:: ,..'..:i.:~/
,.-.
By:" ,
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"- - - - - - - - - - - - - - - - - - - - - "
ORDER
On 29 April 2016, Iloilo II Electric Cooperative, Inc. ("ILECO
II") and Panay Energy Development Corporation ("PEDe''') filed a
Joint Application for approval of their Electric Power Purchase
Agreement (EPP A) with" a prayer for the issuance of Provisional
Authority.
On even date,
Data Confidential"
Annexes "R" 1 and
confidential and be
2.
3.
4.
;l/
Coal-fired
power
plant
expansion located in Brgy.
Ingore, La Paz, Iloilo City
Installed Capacity
1X150MW
Cooperation
Period
Twenty
Five
(25)
years
commencing
on
the
Commercial Operation Date
and ending on the 25th year
anniversary
of
such
commencement date
Commercial
Operation Date
Contracted
Capacity
3MW
In
addition,
subject
to
availability of capacity of the
Expansion Plant, PEDC is
given priority to supply ILECO
II any additional capacity
requirements it may have,
subject to mutually acceptablil
terms and conditions.
~
Billing Month
Januarv
Februarv
March
March (Leap Year)
April
Mav
June
Julv
August
September
October
November
December
6.
Minimum
Contracted
Energy,
kWh
2,232,000
2,232,000
2,016,000
2,088,000
2,232,000
2,160,000
2,232,000
2,160,000
2,232,000
2,232,000
2,160,000
2,232,000
2,160,000
Delivery Point
Outages
100%
Electricity Fee
Energy Fees
Fuei Cost
Energy Fees
Tariff Fee
Tariff Fee
CRF
[PhPO&M
( USDO&M
Cost of Coal
1,000
Fuel Cost
Cost of Coal
~
Base Coal
Price
USCP~
USCP~
Consumption
Rate
PhCPlh
Forex
Forex
Newcastlec
x
Newcastle,
PhCPl,
J
En
Transport Cost
Where:
CRF
Capital
PhpO&M
Peso-based
PhCPlc
Recovery Fee
O&M Fee
Php
2.3096
per kWh
Php
0.2736
per kWh
Phil j ppi ne Cons ume r Price Index (CPI) for a Jl items forthe Current month
by the National Statistics Coordination
Board, www.nscbgoyph
as
published
Base Philippine
May-14
138.30
(PI
0.0092
per kWh
USDO&M
USCPlc
us Consumer Price Index (CPI) for all items forthe Current Month as
published by the U.S. Bureau of lahorStatistics,
www.bls goy
May-14
237.07
Base US (PI
Reference exchange rate (in Php perUSD) ont he meter reading date, as
by the 8angko Sentral og PlIipinas (aSP), www.bsp.gov.ph
Forex
published
in kWh, Minimum
whichever
is higher
Base reference
Newca stlec
Newcastlee
Base Newcastle
Transport
Cost
Consumption
En
Rate
coal price
56.33
Index
brokerage,
USD per MT
77.31
USD per MT
is lowe r
load Factor
tlectridty Fee
100%
Load Factor
100%
Energy fees
SO%
eRF
.Fu~1 COst
Tartff Fee
PI1pO&M
Cost of Co3I
1.000
Fuel Cost
Cost of coal
.lll>.e
USCp\.
Consu'nption
Rale
~
Co;l
Price
PhCA,
PhCl'I"
USCPl,
[ USDO&M
F_.
NeweaUJ~
x
Newcastle.
fot<!x
En
Transport
Cost
C"\pltat F!:ce-ovctyfce
PhpO&M
PhCPl("
Philippine Con~Um(H 'Price Index (CPI) for all hem~ fot1he Cuncnt month as
pubtTshed bv the 'National St-iJthtia Coordinatlon
8o.ard. YfWwoub Eoy,<th
lJSO.bas~d
US (:onsumetPnGc
Indt'x (CP!) for all items fot the Cuttent Month as
published by the U.S. 8-ut<!au of !Mbo' Statistics. \Wtw bj$.ltoy
'"
:8aseUSCPt
USDO&M
III
Php
MJly.14
13830
$
O&M Fee
O.()()92
per kWh
~37.07
PhSi'
50.33
USD pe'
MT
77.31
USO per MT
It
Consumption $tate
,Wl
O.6$"k.g,/l<,\.Vh.
<'Scal3tcd at a tate of ].S" :P~' year or 8C,\.\Ull. whldu~vtlr
En
. ~.,"" ~.,
.. .. ~.'.
""....,~
is fO'Wet
Fee
100%
Energy
Fuel Cost
Cost of Coal
Fuel Cost
75%
Fees
Tariff Fee
Fees
CR'
[ USOO&M
USCPIc
[ Base Coal
Consumption
Rate
PhCPlb
Forex
Forex
NeWc3stiec
Newc3stleo
PhCPlc
Phpo&M
USCPlb
Cost of Coal
1,000
Price
Tariff Fee
En
Transport
Cost
Where:
Recovery
2.3096
per kWh
Php
0.2736
per kWh
Capital
PhpO&M
PhCPlc
Base Philippine
USDO&M
USD-based
usePlc
us Consu mer
published
USCPlb
Forex
Base
Fee
Php
CR'
O&M
Fee
Price
by the
May-14
138.30
CPI
Index
(CPI) for
U,S, Bureau
a II Items
of Labor
0.0092
for the
Statistics,
per
Current
WWw bls
kWh
Month
as
goy
237.07
US CPI
Refe rence
excha nge
pUblished
by the
ra te (i n Ph p per
Bangko
Sentral
USD) ant
he meter
ng Pilipinas
read i ng date,
as
(aSP), www.bsp.gov.ph
Newca stlec
Preceding quarter's average coal price for 6,700kcaljkg ADS perthe Gloabl
Coal Newcastle Physical Trading Index, wwwglobalcoal
com On usp/MTl
Newcastlell
Transport Cost
Consumption Rate
O.68kg/kWh, escal ated at a rate of 1.5% per year or actual, whichever is lower
En
56.33 USDper MT
77.31 USDper MT
10.
11.
12.
13.
/1
Rate,
PhP/kWh
5.66
5.35
(0.32)
14.
15.
18.
19.
20.
21.
22.
"B".,
23.2. Affidavit of Service re: service of the Application
with Annexes to the Sangguniang Bayan of Pototan,
a copy of which is attached hereto as Annex "C";
23.3. Affidavit of Service re: service of the Application
with Annexes to the Sangguniang Panlalawigan of
the Province of Iloilo, a copy of which is attached as
Annex "D";
23.4. Affidavit of Publication stating that the instant
Application had been published in a newspaper of
general circulation, a copy of which is attached as
Annex "E".,
23.5. Newspaper issue where the Application appeared,
as published, a copy of which is attached as Annex
"F".,
"I)f
a copy of which is
b)
c)
b) The
2016.
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___H,2016~P~~C-04363
~/APV/ERCCASENO.
-I
--
2.
11.
12.
21.
22.
Lambunao, Iloilo
26.Office of the Sangguniang Bayan
Lambunao, Iloilo
27.Office of the Municipal Mayor
Janiuay, Iloilo
28.Office of the Sangguniang Bayan
J aniuay, Iloilo
29. Office of the Municipal Mayor
Badiangan, Iloilo
30.Office of the Sangguniang Bayan
Badiangan, Iloilo
31. Office ofthe Municipal Mayor
II