LRAC Visayas Monthly Tracking

LRAC

ERC Approved
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Base Date
1-Jan-2008
Gross Capacity
MW
200
200
200
200
200
200
200
200
200
200
200
200
200
200
200
200
200
200
200
200
200
Total Capital Costs
$000
513,466
513,466
513,466
513,466
513,466
513,466
513,466
513,466
513,466
513,466
513,466
513,466
513,466
513,466
513,466
513,466
513,466
513,466
513,466
513,466
513,466
TCC per kW (Gross)
$/kW
2,567
2,567
2,567
2,567
2,567
2,567
2,567
2,567
2,567
2,567
2,567
2,567
2,567
2,567
2,567
2,567
2,567
2,567
2,567
2,567
2,567
Auxiliary Load
%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
Net Capacity
MW
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
Net Gen Capacity
MW
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
Capacity Factor
%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
80.00%
Total Gen Sent Out
GWh
1,261.44
1,261
1,261
1,261
1,261
1,261
1,261
1,261
1,261
1,261
1,261
1,261
1,261
1,261
1,261
1,261
1,261
1,261
1,261
1,261
1,261
WACC
%
13.27%
13.27%
13.27%
13.27%
13.27%
13.27%
13.27%
13.27%
13.27%
13.27%
13.27%
13.27%
13.27%
13.27%
13.27%
13.27%
13.27%
13.27%
13.27%
13.27%
13.27%
Return on Total Invetment
$000
71,301
71,301
71,301
71,301
71,301
71,301
71,301
71,301
71,301
71,301
71,301
71,301
71,301
71,301
71,301
71,301
71,301
71,301
71,301
71,301
71,301
Capacity Fee
P/kWh
2.2977
2.2989
2.3317
2.3638
2.4250
2.5029
2.5411
2.5366
2.6392
2.7145
2.7802
2.7184
2.6683
2.6896
2.7390
2.7254
2.6862
2.7078
2.7214
2.7222
2.7210
Capacity Fee Approved
P/kWh
2.2958
Foreign O&M Fee Approved
P/kWh
0.2782
0.2787
0.2811
0.2868
0.2910
0.2978
0.3025
0.3033
0.3021
0.3010
0.2993
0.2965
0.2974
0.2989
0.2991
0.3006
0.3004
0.3023
0.3031
0.3036
0.3042
Local O&M Fee Approved
P/kWh
0.3809
0.3815
0.3849
0.3927
0.3984
0.4077
0.4142
0.4152
0.4137
0.4121
0.4098
0.4059
0.4072
0.4093
0.4095
0.4116
0.4113
0.4139
0.4150
0.4157
0.4165
High Heat Rate Value
kJ/kWh
10,417
10,417
10,417
10,417
10,417
10,417
10,417
10,417
10,417
10,417
10,417
10,417
10,417
10,417
10,417
10,417
10,417
10,417
10,417
10,417
10,417
Heat Rate Degradation
%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
Net Heat Rate
kJ/kWh
10,575
10,575
10,575
10,575
10,575
10,575
10,575
10,575
10,575
10,575
10,575
10,575
10,575
10,575
10,575
10,575
10,575
10,575
10,575
10,575
10,575
Net Heat Rate
btu/kWh
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
Coal Cost
$/mt
52.574
81.81
81.49
79.87
87.37
103.20
116.55
101.64
91.48
63.17
57.71
49.38
52.23
47.39
38.77
39.51
40.58
45.88
47.45
46.20
43.05
Heat Content
GJ/mt
17.44
17.44
17.44
17.44
17.44
17.44
17.44
17.44
17.44
17.44
17.44
17.44
17.44
17.44
17.44
17.44
17.44
17.44
17.44
17.44
17.44
Heat Content
Btu/lb
7,498
7,498
7,498
7,498
7,498
7,498
7,498
7,498
7,498
7,498
7,498
7,498
7,498
7,498
7,498
7,498
7,498
7,498
7,498
7,498
7,498
Cost of Fuel
$/GJ
3.01
4.69
4.67
4.58
5.01
5.92
6.68
5.83
5.25
3.62
3.31
2.83
3.00
2.72
2.22
2.27
2.33
2.63
2.72
2.65
2.47
Cost of Fuel
$/MMbtu
3.17
4.94
4.92
4.82
5.27
6.23
7.03
6.13
5.52
3.81
3.48
2.98
3.15
2.86
2.34
2.38
2.45
2.77
2.86
2.79
2.60
Cost of Fuel - Net Generation
$/MWh
31.88
49.61
49.41
48.43
52.98
62.58
70.67
61.63
55.47
38.30
34.99
29.94
31.67
28.74
23.51
23.96
24.61
27.82
28.77
28.01
26.11
PHP - $US Exchange Rate
40.65
40.67
41.25
41.82
42.90
44.28
44.96
44.88
46.69
48.03
49.19
48.09
47.21
47.58
48.46
48.22
47.52
47.91
48.15
48.16
48.14
Cost of Fuel
P/kWh
1.2959
2.0177
2.0383
2.0255
2.2728
2.7710
3.1771
2.7657
2.5900
1.8395
1.7212
1.4402
1.4952
1.3675
1.1391
1.1552
1.1694
1.3329
1.3853
1.3492
1.2568
Cost of Fuel Approved
P/kWh
1.2962
LRAC
P/kwh
4.2511
4.98
5.04
5.07
5.39
5.98
6.43
6.02
5.94
5.27
5.21
4.86
4.87
4.77
4.59
4.59
4.57
4.76
4.82
4.79
4.70
LRAC w/ VAT
P/kWh
4.7612
5.57
5.64
5.68
6.03
6.70
7.21
6.74
6.66
5.90
5.84
5.44
5.45
5.34
5.14
5.14
5.12
5.33
5.40
5.37
5.26

Assumptions

Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
U.S. CPI
0.30%
0.90%
0.60%
0.80%
1.00%
0.50%
-0.40%
-0.10%
-1.00%
-1.90%
-1.00%
0.40%
0.50%
0.20%
0.20%
0.30%
0.90%
-0.20%
0.20%
0.10%
U.S. PPI
1.00%
3.00%
1.90%
3.20%
2.00%
2.70%
-3.40%
-1.10%
-5.40%
-5.80%
-3.40%
0.20%
-1.00%
-0.80%
0.50%
1.00%
2.00%
-0.40%
1.70%
-0.10%
Avg. U.S. CPI & PPI
1.00%
3.00%
1.90%
3.20%
2.00%
2.70%
-3.40%
-1.10%
-5.40%
-5.80%
-3.40%
0.20%
-1.00%
-0.80%
0.50%
1.00%
2.00%
-0.40%
1.70%
-0.10%
Ph. CPI
0.3%
0.9%
2.0%
1.5%
2.3%
1.6%
0.3%
-0.4%
-0.4%
-0.6%
-0.9%
0.3%
0.5%
0.1%
0.5%
-0.1%
0.6%
0.3%
0.2%
0.2%
40.65
40.67
41.25
41.82
42.90
44.28
44.96
44.88
46.69
48.03
49.19
48.09
47.21
47.58
48.46
48.22
47.52
47.91
48.15
48.16
48.14
US$/mt
83.23
129.52
129
126.45
138.31
163.38
184.51
160.90
144.82
100
91.36
78.18
82.69
75.03
61.37
62.55
64.24
72.64
75.12
73.14
68.16
Newcastle Coal Index
US$/GJ
3.31
5.15
5.13
5.03
5.50
6.50
7.34
6.40
5.76
3.98
3.64
3.11
3.29
2.99
2.44
2.49
2.56
2.89
2.99
2.91
2.71
Newcastle Coal Index
US$/MMbtu
3.49
5.44
5.42
5.31
5.81
6.86
7.75
6.76
6.08
4.20
3.84
3.28
3.47
3.15
2.58
2.63
2.70
3.05
3.15
3.07
2.86
Net Calorific Value for Index
kcal/kg
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
Net Calorific Value for Index
GJ/mt
25.1
25.1
25.1
25.1
25.1
25.1
25.1
25.1
25.1
25.1
25.1
25.1
25.1
25.1
25.1
25.1
25.1
25.1
25.1
25.1
25.1
Net Calorific Value for Index
btu/lb
10,802
10,802
10,802
10,802
10,802
10,802
10,802
10,802
10,802
10,802
10,802
10,802
10,802
10,802
10,802
10,802
10,802
10,802
10,802
10,802
10,802
VAT
12%
Conversion Factors
1 kJ
0.24 kcal
1 GJ
0.95 MMbtu
1 mt
2,205 lbs
1 kcal
3.969 btu
1 btu/lb
0.555 kcal/kg
1 GJ/mt
238.8 kcal/kg
1 GJ/mt
429.9 btu/lb
US PPI
for industrial commodities
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Avg. Annual
1999
-0.2
-0.3
0.3
1.2
0.8
0.4
0.7
0.9
0.9
-0.2
0.6
-0.3
2000
0.5
1.2
0.8
-0.3
0.6
2.2
0
-0.5
1.6
0.4
-0.4
0.9
2001
3.2
-2.2
-1.4
0.4
0.3
-1.1
-1.9
-0.1
0
-2.4
-0.2
-1.4
-6.6%
2002
0.2
-0.2
1.1
1.5
-0.1
0.1
0.2
0.2
0.7
0.8
-0.1
-0.2
4.3%
2003
1.7
1.9
3.1
-3.8
-0.3
1
-0.1
0
0
0.1
-0.3
0.5
3.9%
2004
1.9
0.4
0.4
1
1.2
0.5
0.6
0.7
-0.1
1.8
1.1
-1
8.8%
2005
0.5
0.6
1.3
1
-0.6
0.2
1.6
1.1
3.2
2.8
-1.8
-0.7
9.6%
2006
1.1
-1.5
0.4
1.5
1.1
0
0.4
0.6
-1.9
-2.2
1.6
0.5
1.6%
2007
-1.2
1.4
1.5
1.3
1.2
0.2
0.9
-1.7
0.4
0.7
2.8
-0.6
7.1%
2008
1.2
1
3
1.9
3.2
2
2.7
-3.4
-1.1
-5.4
-5.8
-3.4
-4.0%
2009
0.2
-1
-0.8
0.5
1
2
-0.4
1.7
-0.1
4.2%
r : Revised
p : Preliminary. All indexes are subject to revision four months after original publication.
US CPI
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Annual
1999
0.2
0.1
0.3
0.7
0
0
0.3
0.2
0.5
0.2
0.1
0
2000
0.3
0.6
0.8
0.1
0.1
0.5
0.2
0
0.5
0.2
0.1
-0.1
3.4%
2001
0.6
0.4
0.2
0.4
0.5
0.2
-0.3
0
0.5
-0.3
-0.2
-0.4
1.6%
2002
0.2
0.4
0.6
0.6
0
0.1
0.1
0.3
0.2
0.2
0
-0.2
2.5%
2003
0.4
0.8
0.6
-0.2
-0.2
0.1
0.1
0.4
0.3
-0.1
-0.3
-0.1
1.8%
2004
0.5
0.5
0.6
0.3
0.6
0.3
-0.2
0.1
0.2
0.5
0.1
-0.4
3.1%
2005
0.2
0.6
0.8
0.7
-0.1
0.1
0.5
0.5
1.2
0.2
-0.8
-0.4
3.6%
2006
0.8
0.2
0.6
0.9
0.5
0.2
0.3
0.2
-0.5
-0.5
-0.1
0.1
2.7%
2007
0.3
0.5
0.9
0.6
0.6
0.2
0
-0.2
0.3
0.2
0.6
-0.1
4.0%
2008
0.5
0.3
0.9
0.6
0.8
1
0.5
-0.4
-0.1
-1
-1.9
-1
0.2%
2009
0.4
0.5
0.2
0.2
0.3
0.9
-0.2
0.2
0.1
3.5%
Philippine CPI
2007
140
139.8
139.7
140
140.4
141.3
142.4
142.6
142.8
143.1
144
145.1
2008
146.8
147.3
148.6
151.6
153.8
157.4
159.9
160.3
159.7
159.1
158.2
156.7
2009
157.2
158
158.1
158.9
158.8
159.8
160.2
160.5
160.8
2007
2008
1.2%
0.3%
0.9%
2.0%
1.5%
2.3%
1.6%
0.3%
-0.4%
-0.4%
-0.6%
-0.9%
2009
0.3%
0.5%
0.1%
0.5%
-0.1%
0.6%
0.3%
0.2%
0.2%
Exchange Rate
January
February
March
April
May
June
July
August
September
October
November
December
1997
26.3173
26.3411
26.3319
26.3642
26.3721
26.3761
27.6679
29.3305
32.3945
34.4639
34.5178
37.1706
1998
42.661
40.4143
39.004
38.4422
39.2971
40.3991
41.7805
43.0375
43.7759
42.8882
39.9435
39.0733
1999
38.4043
38.7799
38.9108
38.2417
37.8385
37.8993
38.2798
39.261
40.1738
40.315
40.3409
40.6232
2000
40.4266
40.5717
40.9381
41.1884
41.8063
42.6489
44.3557
44.8977
45.7367
48.1061
49.7537
49.8962
2001
50.9693
48.2897
48.4673
50.1854
50.5389
51.4881
53.2242
51.9877
51.2499
51.7333
51.9899
51.7889
2002
51.4097
51.2817
51.0661
50.9872
49.8383
50.4065
50.5963
51.7931
52.1292
52.907
53.3082
53.5195
2003
53.5635
54.0748
54.5909
52.8068
52.5072
53.3992
53.7138
54.9914
55.0235
54.952
55.3718
55.4451
2004
55.5261
56.0696
56.3029
55.9039
55.8453
55.9848
55.9527
55.8342
56.2132
56.3414
56.3221
56.1828
2005
55.7662
54.8128
54.4402
54.4918
54.3411
55.179
56.0062
55.9523
56.1562
55.7077
54.5606
53.6118
2006
52.6171
51.8168
51.2189
51.3597
52.1273
53.1567
52.3976
51.3618
50.4012
50.0038
49.8434
49.467
2007
48.9143
48.3814
48.5172
47.8224
46.8141
46.1602
45.6251
46.0737
46.1315
44.3803
43.2176
41.7429
2008
40.9381
40.6711
41.2524
41.8196
42.902
44.2806
44.9563
44.8769
46.6922
48.0252
49.1862
48.0942
2009
47.2072
47.5846
48.4580
48.2165
47.5242
47.9053
48.1460
48.1607
48.1394