Price variations in the Wholesale Electricity Spot Market

  • Clyde Huang National Institute of Physics, University of the Philippines Diliman
  • May Lim National Institute of Physics, University of the Philippines Diliman
Keywords: Wholesale Electricity Spot Market, Auction, Complex Systems

Abstract

The Wholesale Electricity Spot Market of the Philippines is an auction type market with a generation side bidding. Electricity generators place bids on the quantity and the corresponding price. Comparing the prices during the 2013 to 2016 period, we find that 2016 had more stable price values and are less prone to price spikes. Furthermore, electricity price fluctuations are larger for quantities in the range 9000 MWh to 13000 MWh and in the range 18000 MWh to 33000 MWh for 2016.

Published
2017-05-12
Section
Complex Systems and Data Analytics