Power Supply Procurement Plan

2024

ISABELA II ELECTRIC COOPERATIVE

Alibagu, City of Ilagan, Isasbela
Historical Consumption Data

Coincident MWh Transm'n

MWh Offtake WESM MWh Input MWh Output Load Factor Discrepancy System Loss
Peak MW System Loss Loss
2000 14.54 72,014 0 72,014 54,210 17,804 57% 0.00% 0.00% 24.72%
2001 15.30 77,212 0 77,212 59,601 17,611 58% 0.00% 0.00% 22.81%
2002 18.21 85,810 0 85,810 68,555 17,255 54% 0.00% 0.00% 20.11%
2003 19.92 86,486 0 86,486 70,760 15,726 50% 0.00% 0.00% 18.18%
2004 19.47 99,766 0 99,237 81,878 17,359 58% 0.00% 0.53% 17.49%
2005 19.72 100,825 0 100,451 82,612 17,839 58% 0.00% 0.37% 17.76%
2006 19.49 99,689 0 99,679 80,678 19,001 58% 0.00% 0.01% 19.06%
2007 21.51 104,144 0 103,296 83,703 19,593 55% 0.00% 0.81% 18.97%
2008 22.03 106,995 0 106,722 87,301 19,421 55% 0.00% 0.26% 18.20%
2009 24.07 113,303 0 112,866 93,710 19,156 54% 0.00% 0.39% 16.97%
2010 25.22 116,608 0 114,628 96,638 17,990 52% 0.00% 1.70% 15.69%
2011 27.07 130,494 0 130,480 110,203 20,277 55% 0.00% 0.01% 15.54%
2012 27.54 145,447 0 143,819 121,623 22,195 60% 0.00% 1.12% 15.43%
2013 30.52 159,775 0 158,971 134,943 24,028 59% 0.00% 0.50% 15.11%
2014 33.85 174,480 0 172,768 147,937 24,831 58% 0.00% 0.98% 14.37%
2015 36.11 191,277 16,272 188,772 161,407 27,365 60% 0.00% 1.31% 14.50%
2016 39.70 208,808 34,433 206,481 177,254 29,228 59% 0.00% 1.11% 14.16%
2017 42.26 225,235 49,569 220,164 190,829 29,335 59% 0.00% 2.25% 13.32%
2018 44.28 245,595 53,037 239,526 209,687 29,839 62% 0.00% 2.47% 12.46%
2019 49.09 266,792 32,359 259,606 230,304 29,302 60% 0.00% 2.69% 11.29%
2020 51.77 283,397 19,492 276,046 243,158 32,888 61% 0.00% 2.59% 11.91%
2021 55.34 293,947 31,138 285,828 256,720 29,108 59% 0.00% 2.76% 10.18%
2022 52.42 297,991 24,019 291,528 263,061 28,467 63% 0.00% 2.17% 9.76%
2023 56.92 316,924 137,755 311,109 278,578 32,532 62% 0.00% 1.83% 10.46%

Peak demand increased from 49.09 MW in 2019 to 56.92 MW in 2023 at a rate of 3.92% to due to increase of demand of electricity. MWh Offtake
increased from 266,792 MWh in 2019 to 316,924 MWh in 2023 at a rate of 4.42% annually for the past five years. Within the same period, Load
Factor ranged from 59% to 63%. There was an abrupt change in consumption on 2020 due to the effects of pandemic, also a sudden decrease in
growth MWH offtake last 2021 and 2022 due to insufficient power supply in the grid and an increase in generation rate in peso per kilo-watt-hour
following also next period year, due to the War in Russia and Ukraine, and the banned in the importation of coal from Indonesia.
 Historical Consumption
350,000 60.0

300,000 50.0

250,000
40.0
200,000
MWh

MW
30.0
150,000
20.0
100,000

50,000 10.0

0 0.0

Year

MWh Output MWh System Loss Coincident Peak MW

MWh Output increased from year 2007 to year 2023 at a rate of 7.85%, while MWh System Loss
increased at a rate of 3.47% within the same period.

Historical Losses
30.00%

25.00%

20.00%

15.00%

10.00%

5.00%

0.00%

Year

Transm'n Loss System Loss

Historically, Transmission Loss ranged from 0.01% to 2.76% while System Loss ranged from 9.76%
to 24.72%. For the past one (1) decade Transmission Loss peaked at 2.76% was recorded in year
2021, as a result of major maintenance shutdown of some generating plant, like Sual 2 owned by
SMEC which cause us to source out our replacement power to WESM.

Meanwhile, System Loss peaked was recorded in the year 2015 at 14.50%, an outlook that the
implementation of Capitalized projects is implemented for the past decade and with goal of the
cooperative to reduced system loss and maintain system loss cap set forth by the commission or
ERC.
 Previous Year's Shares of Energy Sales
Others
Industrial 11.65%
10.57%

Residential
Commercial
58.78
19.00%

As of 2023, about fifty nine percent (59%) was sold to residential consumers consisting ninety five
percent (95%) of the whole consumer mix in connection. Other energy users such as Commercial,
Industrial, and others like public buildings, Street lights, and Communal water system customers
share the remaining Forty one percent (41%). The above figure shows the pie graph of ISELCO II
consumer groups by tariff classifications.

MWh Offtake for Last Historical Year

35,000
30,000
25,000
20,000
MWh

15,000
10,000
5,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
-5,000
Month
WESM Retail Electricity Suppliers
San Miguel Energy Corporation Anda Power Corporation
GNPOWER DINGININ LTD. CO. (EPSA)

For San Miguel Energy Corporation (SMEC) and Anda Power Corporation (ANDA), the total Offtake
for the last historical year is lower than the quantity stipulated in the PSA. Our contract with these
two suppliers is firmed contracts and demand base contract in which we are managing our
nomination, both are baseload contracts. Whatever the excess energy, we are selling directly to
WESM.

Between June and August 2023, the Energy Regulatory Commission (ERC) issued several
orders/directives for ISELCO II to immediately stop implementing contracted capacities from its
suppliers that were either affected by the Alyansa Ruling or have not been granted prior ERC
approval, prompting ISELCO II to source power from the Wholesale Electricity Spot Market (WESM).

The current condition of PSA between ISELCO II and ANDA is in dispute with ERC, under ERC
Case No. 2023-023 DR. At present ANDA has no supply to ISELCO II of its contracted capacity,
the last supply was July of 2023.
 WESM Share Over Time
350,000

300,000

250,000

200,000
MWh

150,000

100,000

50,000

Year
MWh Offtake WESM WESM MWh Input MWh Output MWh System Loss
Load Factor Discrepancy Transm'n Loss System Loss Series11 Series12

ISELCO II started trading last 2015, as in-direct member the following year, eventually registered as
direct WESM member.

MWh Offtake increased from 159,775 MWh in 2013 to 316,924 MWh in 2023 at a rate of 8.19% for
one (1) decade. Furthermore, our WESM offtake increased from 16,272 MWh in 2015 to 137,755
MWh in 2023. The share of WESM in the total Offtake ranged from 6.88% to 43.47% for the past
nine years. With the capacities that the ERC ordered ISELCO II to cease implementing, dispute
ISELCO II is souring its power to WESM and EPSA to GNPD.

Previous Year's Load Profile

Previous Year's Load Duration Curve

60.0

50.0

40.0
MW

30.0

20.0

10.0

0.0
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Percent of the Time

Based on the Load Duration Curve, the minimum load is 4.770 MW and the maximum load is
56.921 MW for the last historical year.
 Previous Year's Load for Peak MWh and MW Days
60.0

50.0

40.0
MW

30.0

20.0

10.0

0.0
0:00
0:45
1:30
2:15
3:00
3:45
4:30
5:15
6:00
6:45
7:30
8:15
9:00
9:45
10:30
11:15
12:00
12:45
13:30
14:15
15:00
15:45
16:30
17:15
18:00
18:45
19:30
20:15
21:00
21:45
22:30
23:15
Time
Retail Electricity Suppliers MW ERC Case No. 2016-085RC (ANDA)
ERC Case No. 2023-142 RC (EPSA-GNPD) Peak MWh Day
Peak MW Day

As shown in the Load Curves, the available supply is lower than the Peak Demand, peak demand
occurred on 14:45, Industrial customers, specifically rice mills. also shares an increase in demand
during off-peak, while Commercial type business like Malls and supermarket, moderately maintain
its demand usage.

Agriculture is the biggest industry in Isabela. As the country’s top corn-producing province, it
contributes 21% of the annual national yellow corn production.

As second highest rice-growing province nationwide, Isabela produces 15% of the aggregate
national rice production on an annual basis. Being a surplus producer of the Filipinos’ staple crop,
the province’s rice sufficiency rate is at 224%, which means that Isabeliños produce more than they
consume and are in fact responsible for supplying the rice requirements of Metro Manila and many
other provinces.

Furthermore, residential type costumers also contribute to high usage of electricity at peak hours,
we sourced our shortfall to the WESM Market.

Previous Year's Loading Summary

92.50

62.59
56.92

35.69

21.08

MVA Tot NCP CP Ave 5th PCTL

The Non-coincident Peak Demand is 62.59 MW, which is around 67.66% of the total substation
capacity of 92.50 MVA at a power factor of 98.49%. The load factor or the ratio between the Average
Load of 35.69 MW and the Non-coincident Peak Demand is 57.02%. A safe estimate of the true
minimum load is the fifth percentile load of 21.08 MW which is 37.03% of the Non-coincident Peak
Demand.
 Substation
Substation Location Remarks
Metering Point Peak
MVA
MW
MF3MILAISE201 5.235 One Substation
Baligatan, Three Feeders
MF3MILAISE202 30 City of Ilagan, Isabela
7.235 (Three Metering point 13.2kV
MF3MILAISE203 7.115 Metering) NGCP Owned
Garita, Cabagan and
MF3MTUGISE205 22.5 San Mateo, Tumauini, Isabela
17.598 DU Owned

MF3MGAMISE206 5 San Manuel, Naguilian, Isabela 5.502 DU Owned

MF3MGAMISE207 10 San Rafael, Roxas, Isabela 11.197 DU Owned

MF3MGAMISE208 10 District II, San Manuel, Isabela 8.707 DU Owned

Substation transformers for Naguilian, Tumauini and Roxas are expected to exceed 70% loading
in one month, and San Manuel and Ilagan are projected to be loaded in two to three months. In
order to resolve the issue and concerns of the capacity problem we have filed CapEx application
to ERC last 2019, with ERC Case No. 2019-102RC.
Forecasted Consumption Data
Retail
Existing Target
Coincident Contracted Pending Planned Electricity MW Surplus /
Contracting Contracting
Peak MW MW MW MW Suppliers Deficit
Level Level
MW
2024 Jan 38.26 0.00 18.00 0.000 1.72 0% 49% -18.54
Feb 38.79 0.00 18.00 0.000 1.03 0% 48% -19.77
Mar 47.83 0.00 18.00 0.000 1.18 0% 39% -28.65
Apr 50.72 0.00 18.00 0.000 1.75 0% 37% -30.97
May 55.14 0.00 18.00 0.000 1.95 0% 34% -35.18
Jun 56.17 0.00 18.00 0.000 1.85 0% 33% -36.33
Jul 55.81 0.00 18.00 0.000 1.74 0% 33% -36.07
Aug 58.73 0.00 18.00 0.000 1.78 0% 32% -38.95
Sep 57.37 0.00 18.00 0.000 1.80 0% 32% -37.56
Oct 55.36 0.00 18.00 0.000 1.82 0% 34% -35.54
Nov 50.86 0.00 0.00 0.000 2.56 0% 0% -48.30
Dec 49.60 0.00 0.00 0.000 2.67 0% 0% -46.93
2025 Jan 39.51 0.00 0.00 18.000 2.40 0% 49% -19.11
Feb 40.06 0.00 0.00 18.000 2.27 0% 48% -19.79
Mar 49.39 0.00 0.00 18.000 2.64 0% 38% -28.76
Apr 52.37 0.00 0.00 18.000 2.53 0% 36% -31.84
May 56.94 0.00 0.00 18.000 2.72 0% 33% -36.22
Jun 58.01 0.00 0.00 18.000 2.56 0% 32% -37.45
Jul 57.63 0.00 0.00 18.000 2.45 0% 33% -37.18
Aug 60.65 0.00 0.00 18.000 2.53 0% 31% -40.12
Sep 59.24 0.00 0.00 18.000 2.60 0% 32% -38.64
Oct 57.16 0.00 0.00 18.000 2.62 0% 33% -36.54
Nov 52.52 0.00 0.00 18.000 2.57 0% 36% -31.95
Dec 51.22 0.00 0.00 18.000 2.68 0% 37% -30.54
2026 Jan 40.86 0.00 0.00 18.000 2.40 0% 47% -20.46
Feb 41.43 0.00 0.00 18.000 2.28 0% 46% -21.15
Mar 51.08 0.00 0.00 18.000 2.64 0% 37% -30.45
Apr 54.16 0.00 0.00 18.000 2.53 0% 35% -33.63
May 58.88 0.00 0.00 18.000 2.72 0% 32% -38.16
Jun 59.99 0.00 0.00 18.000 2.56 0% 31% -39.43
Jul 59.60 0.00 0.00 28.000 2.45 0% 49% -29.15
 Aug 62.72 0.00 0.00 28.000 2.53 0% 47% -32.19
Sep 61.26 0.00 0.00 28.000 2.60 0% 48% -30.67
Oct 59.12 0.00 0.00 28.000 2.62 0% 50% -28.49
Nov 54.31 0.00 0.00 28.000 2.57 0% 54% -23.75
Dec 52.97 0.00 0.00 28.000 2.68 0% 56% -22.29
2027 Jan 42.32 0.00 0.00 28.000 2.40 0% 70% -11.92
Feb 42.91 0.00 0.00 28.000 2.28 0% 69% -12.64
Mar 52.91 0.00 0.00 28.000 2.64 0% 56% -22.27
Apr 56.10 0.00 0.00 39.300 2.53 0% 73% -14.27
May 60.99 0.00 0.00 39.300 2.72 0% 67% -18.97
Jun 62.14 0.00 0.00 39.300 2.56 0% 66% -20.28
Jul 61.74 0.00 0.00 39.300 2.45 0% 66% -19.99
Aug 64.97 0.00 0.00 39.300 2.53 0% 63% -23.14
Sep 63.46 0.00 0.00 39.300 2.60 0% 65% -21.56
Oct 61.23 0.00 0.00 39.300 2.62 0% 67% -19.31
Nov 56.26 0.00 0.00 39.300 2.57 0% 73% -14.39
Dec 54.87 0.00 0.00 39.300 2.68 0% 75% -12.89
2028 Jan 43.91 0.00 0.00 39.300 3.05 0% 96% -1.55
Feb 44.52 0.00 0.00 39.300 2.95 0% 95% -2.28
Mar 54.90 0.00 0.00 39.300 3.32 0% 76% -12.27
Apr 58.20 0.00 0.00 39.300 3.20 0% 71% -15.70
May 63.28 0.00 0.00 39.300 3.37 0% 66% -20.61
Jun 64.47 0.00 0.00 39.300 3.10 0% 64% -22.07
Jul 64.05 0.00 0.00 39.300 3.09 0% 64% -21.66
Aug 67.40 0.00 0.00 39.300 3.21 0% 61% -24.90
Sep 65.84 0.00 0.00 39.300 3.28 0% 63% -23.25
Oct 63.53 0.00 0.00 39.300 3.32 0% 65% -20.91
Nov 58.37 0.00 0.00 39.300 3.25 0% 71% -15.82
Dec 56.92 0.00 0.00 39.300 3.36 0% 73% -14.26
2029 Jan 45.62 0.00 0.00 49.300 3.06 0% 116% 6.74
Feb 46.26 0.00 0.00 49.300 2.95 0% 114% 5.99
Mar 57.04 0.00 0.00 49.300 3.33 0% 92% -4.41
Apr 60.48 0.00 0.00 49.300 3.20 0% 86% -7.97
May 65.75 0.00 0.00 49.300 3.38 0% 79% -13.08
Jun 66.99 0.00 0.00 49.300 3.10 0% 77% -14.58
Jul 66.55 0.00 0.00 49.300 3.09 0% 78% -14.16
Aug 70.04 0.00 0.00 49.300 3.21 0% 74% -17.52
Sep 68.41 0.00 0.00 49.300 3.29 0% 76% -15.82
 Oct 66.01 0.00 0.00 49.300 3.32 0% 79% -13.39
Nov 60.65 0.00 0.00 49.300 3.26 0% 86% -8.09
Dec 59.15 0.00 0.00 49.300 3.37 0% 88% -6.48
2030 Jan 47.47 0.00 0.00 49.300 3.06 0% 111% 4.89
Feb 48.13 0.00 0.00 49.300 2.95 0% 109% 4.12
Mar 59.35 0.00 0.00 49.300 3.33 0% 88% -6.72
Apr 62.93 0.00 0.00 49.300 3.21 0% 83% -10.42
May 68.41 0.00 0.00 49.300 3.38 0% 76% -15.74
Jun 69.70 0.00 0.00 49.300 3.11 0% 74% -17.29
Jul 69.25 0.00 0.00 49.300 3.10 0% 75% -16.85
Aug 72.87 0.00 0.00 49.300 3.21 0% 71% -20.36
Sep 71.18 0.00 0.00 49.300 3.29 0% 73% -18.59
Oct 68.68 0.00 0.00 49.300 3.32 0% 75% -16.06
Nov 63.10 0.00 0.00 49.300 3.26 0% 82% -10.55
Dec 61.54 0.00 0.00 49.300 3.37 0% 85% -8.87
2031 Jan 49.45 0.00 0.00 49.300 3.06 0% 106% 2.91
Feb 50.15 0.00 0.00 49.300 2.95 0% 104% 2.11
Mar 61.83 0.00 0.00 49.300 3.33 0% 84% -9.20
Apr 65.56 0.00 0.00 49.300 3.21 0% 79% -13.05
May 71.27 0.00 0.00 49.300 3.38 0% 73% -18.59
Jun 72.61 0.00 0.00 49.300 3.11 0% 71% -20.20
Jul 72.14 0.00 0.00 49.300 3.10 0% 71% -19.74
Aug 75.92 0.00 0.00 49.300 3.22 0% 68% -23.40
Sep 74.16 0.00 0.00 49.300 3.29 0% 70% -21.56
Oct 71.56 0.00 0.00 49.300 3.32 0% 72% -18.93
Nov 65.74 0.00 0.00 49.300 3.26 0% 79% -13.18
Dec 64.12 0.00 0.00 49.300 3.37 0% 81% -11.44
2032 Jan 51.58 0.00 0.00 49.300 3.06 0% 102% 0.79
Feb 52.30 0.00 0.00 49.300 2.96 0% 100% -0.05
Mar 64.49 0.00 0.00 49.300 3.34 0% 81% -11.85
Apr 68.38 0.00 0.00 49.300 3.21 0% 76% -15.87
May 74.34 0.00 0.00 49.300 3.38 0% 69% -21.65
Jun 75.73 0.00 0.00 49.300 3.11 0% 68% -23.32
Jul 75.24 0.00 0.00 49.300 3.10 0% 68% -22.84
Aug 79.18 0.00 0.00 49.300 3.22 0% 65% -26.66
Sep 77.34 0.00 0.00 49.300 3.29 0% 67% -24.75
Oct 74.63 0.00 0.00 49.300 3.33 0% 69% -22.00
Nov 68.57 0.00 0.00 49.300 3.26 0% 75% -16.00
 Dec 66.87 0.00 0.00 49.300 3.38 0% 78% -14.20
2033 Jan 53.85 0.00 0.00 49.300 3.67 0% 98% -0.88
Feb 54.60 0.00 0.00 49.300 3.50 0% 96% -1.80
Mar 67.33 0.00 0.00 49.300 4.02 0% 78% -14.01
Apr 71.38 0.00 0.00 49.300 3.87 0% 73% -18.21
May 77.61 0.00 0.00 49.300 4.03 0% 67% -24.28
Jun 79.07 0.00 0.00 49.300 3.67 0% 65% -26.09
Jul 78.55 0.00 0.00 49.300 3.58 0% 66% -25.68
Aug 82.67 0.00 0.00 49.300 3.67 0% 62% -29.70
Sep 80.75 0.00 0.00 49.300 3.97 0% 64% -27.48
Oct 77.91 0.00 0.00 49.300 4.01 0% 67% -24.61
Nov 71.59 0.00 0.00 49.300 3.91 0% 73% -18.37
Dec 69.81 0.00 0.00 49.300 4.03 0% 75% -16.48

ISELCO II’s peak demand occur on the month of August due to the combined/ mix demand of electricity. Residential end-user has the prime
seasonal variance with significant spikes in demand every summer and rainy season. For the months of April to June residential customers are at
its peak during summer. The commercial sector experiences less variance in electricity usage, although a noticeable increase in the summer and
a slightly increase in growth in the rainy season. While, Industrial sector's demand for electricity is high for some season due to harvest season of
rice and corn crops were most of the time rice millers operates on the months of March and August. Monthly peak demand is at its lowest on the
months of December to February, due to lower climate. According to PAGASA January and February are generally the coldest months in the
Philippines as this is the period when the northeast monsoon, locally known as “Amihan” reaches its peak.

Peak Demand is expected to grow at average rate of 3.80% annually.

The planned supply contracts of ISELCO II are mix supply of Coaled power plant and Renewable Energy Source in preparation of our RPS
compliance for RE, venturing to Green Energy Fuel. Acknowledging the benefits of Renewable Energy Sources it can combat climate change, a
reliable source of power because RE sources are renewable, they will never runout once build RE Facilities cost very little to operate as result
Renewable Energy prices tend to be stable over time. While RE has many advantages but it is not without downsides, it is difficult for RE sources
to generate power on the same large scale of fossil fuel. With this transition of contracting and planning supply of ISELCO II will most likely have
deficits in the demand requirements or/and excess in supply generation with the mix of the Coaled Power plant wherein its generation is in full
operation or continuous of burning fuel, while in Renewable Energy plant its generation depends on the renewable fuel sources, for instants both
Solar and Wind Energy Source are intermittent they only generate power while the sun is shining or the wind is blowing. Batteries can store excess
energy for later used, however they are costly. Relative to this deficit and excess in some months ISELCO II will export our excess contracted
supply to WESM since ISELCO II is direct Member of WESM. These months are the coldest seasons starting November till February were end
user consumptions is minimal.
 Forecasted Supply vs Demand
90.0
80.0
70.0
60.0
50.0
MW

40.0
30.0
20.0
10.0
0.0
Oct

Oct
Jan

Oct

Oct

Oct

Oct

Oct

Oct

Oct

Oct
Jan

Jan

Jan

Jan
Apr
Jul

Jan
Apr
Jul

Apr
Jul

Apr
Jul

Apr
Jul

Jan
Apr
Jul

Apr
Jul

Jan

Jan
Apr
Jul

Jan

Jul
Apr

Apr
Jul
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Month

Contracted MW Pending MW Planned MW

Retail Electricity Suppliers MW Coincident Peak MW

ISELCO II’s available contracted supply is generally below the peak demand for the previous year.
Due to the capacities that the ERC ordered ISELCO II to cease implementing, and now in dispute.
Currently, ISELCO II is exposed to WESM, and manage its demand requirement at a lower price
which also results to dealing our blended rates at a fair and reasonable price. However, volatile price
in the market sometimes shoots up to its higher rate due to some reasons and events, supply and
demand is much higher which tend to get a higher rate normally in the months of summer were
supply is inadequate. The cooperative is planning to secure PSA with eligible suppliers through
Competitive Selection Process with the new rules of the commission or ERC and DOE.

Forecasted Supply vs Demand

90.0
80.0
70.0
60.0
50.0
MW

40.0
30.0
20.0
10.0
0.0
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan

Jul
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan
Apr

Oct
Jan
Apr
Jul
Oct

2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Month

Retail Electricity Suppliers MW ERC Case No. 2016-085RC (ANDA)

ERC Case No. 2023-142 RC (EPSA-GNPD) Supplier 1: (New)
Supplier 2 : (New) Supplier 3 : (New)
Supplier 4 : (New) Coincident Peak MW

For the planned supply, the largest is 18 MW from 2025 for a period of 15 years.
 Procurement Timing
60.0

50.0

40.0
MW

30.0

20.0

10.0

0.0
Oct

Oct

Oct

Oct

Oct

Oct

Oct
Jan

Oct

Oct

Oct
Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan
Apr
Jul

Apr
Jul

Apr
Jul

Apr
Jul

Apr
Jul

Apr
Jul

Jan
Apr
Jul

Apr
Jul

Apr
Jul

Apr
Jul
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Month

Supplier 1: (New) Supplier 2 : (New) Supplier 3 : (New) Supplier 4 : (New)

The first wave of supply procurement will be for 18 MW planned to be available by the billing month
of January 2025. This will be followed by 10MW, for the billing month of August 2026, expected
11.3MW for the month of April 2027 and lastly an anticipated 10MW for the month of January 2029
for Supplier 2.

Contracting Levels
140%
120%
100%
80%
60%
40%
20%
0%
Oct

Oct

Oct
Jan

Oct

Oct
Jan

Oct

Oct
Jan

Oct

Oct

Oct
Jan
Apr
Jul

Jan
Apr
Jul

Jan
Apr
Jul

Apr
Jul

Jan
Apr
Jul

Apr
Jul

Jan
Apr
Jul

Apr
Jul

Jan
Apr
Jul

Jan
Apr
Jul

2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Month

Existing Contracting Level Target Contracting Level

As shown on the Chart, the highest target contracting level is 116% which is expected to occur on
January, 2029. The lowest target contracting level 0% which is expected to occur on November
2024 which is the end of contract of EPSA-GNPD. While the Existing Contracting Level is Zero,
Since ANDA does not deliver its contracted supply due to petition to ERC, ERC Case No. 2023-023
DR.
 MW Surplus / Deficit
10.00

0.00
Jan
Apr
Jul
Oct

Apr
Jul
Oct

Apr
Jul
Oct

Apr
Jul
Oct

Apr
Jul
Oct

Apr
Jul
Oct

Apr
Jul
Oct

Apr
Jul
Oct

Apr
Jul
Oct

Apr
Jul
Oct
Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan

Jan
-10.00
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
-20.00

-30.00

-40.00

-50.00

-60.00
Month

The above chart shows, the highest deficit is 48.30 MW which is expected to occur on the month of
November 2024 at this month ISELCO II’s Contract with GNPD EPSA will expire soon and we will
be exposed to WESM to draw supply, to address this deficit we are planning to join the Joint NEA
CSP Aggregation, and proposed conduct of CSP specified to our CSP schedule activities. The
lowest deficit is 0.05 MW which is expected to occur on the month of February 2032.

MWh System Transm'n

MWh Offtake MWh Output System Loss
Loss Loss

2024 Jan 19,683 17,399 2,080 1.04% 10.68%

Feb 20,385 18,737 1,354 1.44% 6.74%
Mar 21,203 18,846 2,001 1.68% 9.60%
Apr 29,701 25,951 3,300 1.51% 11.28%
May 30,888 27,050 3,365 1.53% 11.06%
Jun 32,067 27,839 3,753 1.48% 11.88%
Jul 30,637 26,944 3,228 1.52% 10.70%
Aug 32,097 27,817 3,782 1.55% 11.97%
Sep 31,194 27,332 3,444 1.34% 11.19%
Oct 31,172 28,068 2,686 1.34% 8.73%
Nov 27,884 25,585 1,974 1.17% 7.16%
Dec 24,860 23,026 1,564 1.09% 6.36%
2025 Jan 20,459 18,361 1,880 1.06% 9.29%
Feb 21,310 19,772 1,224 1.47% 5.83%
Mar 22,076 19,887 1,809 1.72% 8.34%
Apr 30,914 27,387 2,983 1.76% 9.82%
May 32,081 28,545 3,042 1.54% 9.63%
Jun 33,262 29,377 3,393 1.48% 10.35%
Jul 31,839 28,434 2,919 1.53% 9.31%
Aug 33,288 29,353 3,420 1.55% 10.43%
Sep 32,456 28,844 3,113 1.54% 9.74%
Oct 32,529 29,622 2,428 1.47% 7.58%
Nov 29,153 27,000 1,785 1.26% 6.20%
Dec 26,029 24,302 1,414 1.21% 5.50%
2026 Jan 21,573 19,521 1,733 1.48% 8.15%
 Feb 22,474 21,020 1,129 1.45% 5.10%
Mar 23,101 21,144 1,667 1.25% 7.31%
Apr 32,319 29,119 2,750 1.39% 8.63%
May 33,641 30,348 2,804 1.45% 8.46%
Jun 34,880 31,234 3,128 1.49% 9.10%
Jul 33,432 30,234 2,690 1.52% 8.17%
Aug 34,900 31,208 3,152 1.55% 9.17%
Sep 33,997 30,672 2,870 1.34% 8.56%
Oct 34,199 31,501 2,238 1.34% 6.63%
Nov 30,714 28,711 1,645 1.17% 5.42%
Dec 27,449 25,844 1,304 1.10% 4.80%
2027 Jan 22,977 20,921 1,523 2.32% 6.79%
Feb 23,871 22,527 992 1.48% 4.22%
Mar 24,546 22,660 1,465 1.72% 6.07%
Apr 34,229 31,210 2,417 1.76% 7.19%
May 35,535 32,523 2,464 1.54% 7.04%
Jun 36,766 33,474 2,748 1.48% 7.59%
Jul 35,305 32,404 2,364 1.52% 6.80%
Aug 36,782 33,445 2,770 1.54% 7.65%
Sep 35,881 32,877 2,522 1.34% 7.12%
Oct 36,222 33,768 1,967 1.35% 5.50%
Nov 32,600 30,773 1,446 1.17% 4.49%
Dec 29,168 27,705 1,146 1.09% 3.97%
2028 Jan 24,676 22,718 1,628 1.34% 6.69%
Feb 25,908 24,466 1,060 1.47% 4.15%
Mar 26,629 24,607 1,566 1.71% 5.98%
Apr 37,127 33,889 2,583 1.76% 7.08%
May 38,553 35,324 2,634 1.54% 6.94%
Jun 39,883 36,354 2,938 1.48% 7.48%
Jul 38,296 35,185 2,527 1.52% 6.70%
Aug 39,904 36,324 2,961 1.55% 7.54%
Sep 38,910 35,692 2,696 1.34% 7.02%
Oct 39,284 36,654 2,103 1.34% 5.42%
Nov 35,368 33,410 1,545 1.17% 4.42%
Dec 31,636 30,068 1,225 1.09% 3.91%
2029 Jan 26,803 24,679 1,838 1.07% 6.93%
Feb 28,187 26,575 1,197 1.47% 4.31%
Mar 28,997 26,730 1,768 1.72% 6.20%
Apr 40,445 36,817 2,917 1.76% 7.34%
May 41,990 38,370 2,974 1.54% 7.19%
Jun 43,452 39,491 3,317 1.48% 7.75%
Jul 41,713 38,225 2,853 1.52% 6.95%
Aug 43,473 39,457 3,343 1.55% 7.81%
Sep 42,392 38,780 3,044 1.34% 7.28%
Oct 42,777 39,829 2,374 1.34% 5.62%
Nov 38,495 36,299 1,745 1.17% 4.59%
Dec 34,432 32,673 1,383 1.09% 4.06%
2030 Jan 29,279 26,958 1,922 1.36% 6.66%
Feb 30,708 29,028 1,252 1.39% 4.13%
Mar 31,494 29,199 1,849 1.41% 5.96%
Apr 43,908 40,221 3,050 1.45% 7.05%
 May 45,710 41,913 3,110 1.50% 6.91%
Jun 47,303 43,139 3,469 1.47% 7.44%
Jul 45,402 41,760 2,984 1.45% 6.67%
Aug 47,325 43,101 3,496 1.54% 7.50%
Sep 46,251 42,371 3,183 1.51% 6.99%
Oct 46,675 43,520 2,482 1.44% 5.40%
Nov 42,074 39,659 1,825 1.40% 4.40%
Dec 37,661 35,704 1,446 1.36% 3.89%
2031 Jan 31,851 29,584 1,817 1.41% 5.79%
Feb 33,513 31,853 1,183 1.42% 3.58%
Mar 34,284 32,042 1,748 1.44% 5.17%
Apr 47,715 44,142 2,883 1.45% 6.13%
May 49,655 45,992 2,940 1.46% 6.01%
Jun 51,369 47,340 3,279 1.46% 6.48%
Jul 49,390 45,831 2,821 1.50% 5.80%
Aug 51,351 47,296 3,305 1.46% 6.53%
Sep 50,235 46,506 3,009 1.43% 6.08%
Oct 50,837 47,771 2,347 1.41% 4.68%
Nov 45,895 43,528 1,725 1.40% 3.81%
Dec 41,128 39,193 1,367 1.38% 3.37%
2032 Jan 34,675 32,580 1,607 1.41% 4.70%
Feb 36,643 35,076 1,047 1.42% 2.90%
Mar 37,366 35,287 1,546 1.43% 4.20%
Apr 51,916 48,616 2,550 1.44% 4.98%
May 54,043 50,647 2,600 1.47% 4.88%
Jun 55,863 52,134 2,900 1.48% 5.27%
Jul 53,774 50,476 2,495 1.49% 4.71%
Aug 55,844 52,083 2,923 1.50% 5.31%
Sep 54,660 51,225 2,661 1.42% 4.94%
Oct 55,477 52,623 2,075 1.40% 3.79%
Nov 50,152 47,944 1,525 1.36% 3.08%
Dec 44,986 43,176 1,209 1.34% 2.72%
2033 Jan 38,278 36,178 1,555 1.42% 4.12%
Feb 40,552 38,957 1,012 1.44% 2.53%
Mar 41,280 39,186 1,495 1.45% 3.68%
Apr 57,298 53,984 2,467 1.48% 4.37%
May 59,665 56,254 2,515 1.50% 4.28%
Jun 61,579 57,900 2,805 1.42% 4.62%
Jul 59,301 56,048 2,413 1.42% 4.13%
Aug 61,521 57,847 2,827 1.38% 4.66%
Sep 60,259 56,869 2,574 1.35% 4.33%
Oct 61,224 58,413 2,008 1.31% 3.32%
Nov 55,423 53,229 1,476 1.30% 2.70%
Dec 49,716 47,918 1,169 1.26% 2.38%

MWh Output (Old and New) is the Forecasted MWh Sales for each customer class for the month
based on a different classification, it was forecasted using total MWh Sales historical data for the
past 7 years.

Multiple regression analysis is used in developing the models for forecasting. Econometric
forecasting using population and GRDP were tried but since the some of the data are not available
and is regionalized meaning they do not reflect the attributes of geographical locations specifically
those covered by the utility, trending forecasts using time as regressor was generally adopted in the
forecasts.

The equations defining the final forecasts were tested for validity and accuracy. The R² and the
adjusted R² of at least 99% are satisfied to all final models. R² and adjusted R² is a measure of fit of
the model to the historical data. The final models also passed the P-value and T-stat standard of at
least 0.1 and values greater than ±2 respectively. P-value and T-stat are validity values for predictors
or independent variables considered in the model formulation. Lastly all models passed the accuracy
requirement of less than 5% forecasting error. Based on, Electric Cooperative’s Distribution Utility
Planning Manual.

The assumed load factor 62.70%, from the previous year.

System Loss is calculated through historical data and previous year as reference to set targets to
reduce system loss, these targets will then be assessed what are the possible projects that are
doable to accomplish the targets within a period of time or year. Distribution Planning Process,
Methodology and Criteria were also executed for us to determine its capable impact to our coop
operations such as technical and financial.

After updating of relevant data and forecasting, technical simulations were conducted on the
distribution system to assess and to determine what will be the system deficiencies from the present
year and years to come: the sufficiency of capacity of substation will be tested, the safety of
equipment and power quality, the frequency and duration of interruption will be computed and
compared to standards to assess compliance. With deficiencies known and quantified, formulation
of as many alternatives as possible to solve a particular problem is generated and these alternatives
will be tested if it will solve the said deficiency and will pass the technical criteria. All feasible
solutions will be then subjected to economic evaluation to choose the most economical alternative
that will solve the deficiency. All projects that will be needed will then be reflected to financial analysis
and capital budgeting to know its rate impact implications and possible sources of financing.

Below are the results of forecast model with test of validity and accuracy for the MWh Output or
Sales in MWh. Upon considerations, evaluation and trending of Historical and the results of the
forecast, Model No. 103, with a mathematical Forecast Model of Y=a + bt^2 + ct^-2 + dt^-3, with
MAPE of 0.41%, and average of annual growth rate of 4.34% is assumed to be acceptable.

Summary of Forecasting Models for MWh Output or Sales MWh

Accuracy Annual Average
Validity Tests
Test Growth Rate
Model
Forecasting Model t- p- Remarks
No. Adj R2 MAPE Actual
statistic value 2011-2014
(>0.99) (<5%) Data
(|t| > 2) (<0.1)

37.4093 0.0000
1 a + bt 0.9614109 1.99% 6.22% 4.33% Failed
12.2672 0.0001
43.5272 0.0000
2 a + bt + ct^2 0.9929905 10.8311 0.0004 0.59% 6.22% -0.82% PASSED
-4.8504 0.0083
21.3945 0.0002
3.8212 0.0315
3 a + bt + ct^2 + dt^3 0.9921099 0.61% 6.22% 3.94% Failed
-1.3430 0.2718
0.7440 0.5108
28.3828 0.0000
4 a + bt^2 0.829931 3.98% 6.22% 15.30% Failed
5.5027 0.0027
5 a + bt^2+ ct^3 0.9652799 40.1346 0.0000 1.51% 6.22% -30.26% Failed
 6.3570 0.0031
-4.5267 0.0106
25.1050 0.0000
6 a + bt^3 0.6916076 5.39% 6.22% 15.30% Failed
3.8021 0.0126
46.4428 0.0000
7 a + bt + ct^3 0.9905247 12.5990 0.0002 0.69% 6.22% -4.97% PASSED
-4.0451 0.0155
51.2585 0.0000
8 a + blnt 0.9776625 1.49% 6.22% 1.54% Failed
16.2360 0.0000
77.5863 0.0000
9 a + blnt + clnt^2 0.9927733 4.8161 0.0085 0.68% 6.22% 2.28% PASSED
3.3845 0.0277
76.8052 0.0000
0.9996 0.3912
10 a + blnt + clnt^2 + dlnt^3 0.9929395 0.53% 6.22% 1.43% Failed
1.5526 0.2183
-1.0460 0.3724
50.9003 0.0000
11 a + blnt^2 0.9606943 1.96% 6.22% 3.17% Failed
12.1511 0.0001
88.5294 0.0000
12 a + blnt^2+ clnt^3 0.992941 9.4063 0.0007 0.67% 6.22% 0.74% PASSED
-4.8827 0.0081
32.9068 0.0000
13 a + blnt^3 0.8694384 3.43% 6.22% 4.96% Failed
6.3996 0.0014
68.7494 0.0000
14 a + blnt + clnt^3 0.9904496 8.0221 0.0013 0.79% 6.22% 2.62% PASSED
2.7739 0.0501
51.2585 0.0000
15 a + blogt 0.9776625 1.49% 6.22% 1.54% Failed
16.2360 0.0000
77.5863 0.0000
16 a + blogt + clogt^2 0.9927733 4.8161 0.0085 0.68% 6.22% 2.28% PASSED
3.3845 0.0277
76.8052 0.0000

a + blogt + clogt^2 + 0.9996 0.3912

17 0.9929395 0.53% 6.22% 1.43% Failed
dlogt^3 1.5526 0.2183
-1.0460 0.3724
50.9003 0.0000
18 a + blogt^2 0.9606943 1.96% 6.22% 3.17% Failed
12.1511 0.0001
88.5294 0.0000
19 a + blogt^2+ clogt^3 0.992941 9.4063 0.0007 0.67% 6.22% 0.74% PASSED
-4.8827 0.0081
32.9068 0.0000
20 a + blogt^3 0.8694384 3.43% 6.22% 4.96% Failed
6.3996 0.0014
68.7494 0.0000
21 a + blogt + clogt^3 0.9904496 8.0221 0.0013 0.79% 6.22% 2.62% PASSED
2.7739 0.0501
75.7476 0.0000
22 a + bt + clogt 0.9905807 2.8031 0.0487 0.78% 6.22% 2.80% PASSED
4.0601 0.0153
14.4119 0.0007
1.4779 0.2360
23 a + bt + ct^2 + dlogt 0.9909251 0.63% 6.22% -0.05% Failed
-1.0732 0.3618
0.2993 0.7842
 64.6722 0.0000
24 a + bt^2 + clogt 0.9882385 2.3444 0.0790 0.85% 6.22% 3.66% Failed
8.2643 0.0012
65.4503 0.0000
1.3444 0.2714
25 a + bt^2+ ct^3 + dlogt 0.98856 0.76% 6.22% -3.03% Failed
-1.0547 0.3690
3.0232 0.0566
59.6939 0.0000
26 a + bt^3 + clogt 0.9862505 2.0305 0.1121 0.89% 6.22% 5.06% Failed
10.3994 0.0005
25.2766 0.0001
1.6056 0.2067
27 a + bt + ct^3 + dlogt 0.99014 0.68% 6.22% -1.08% Failed
-0.9062 0.4316
0.9187 0.4260
24.8817 0.0000
28 a + bt + ct^-1 0.9859807 7.7715 0.0015 0.99% 6.22% 3.44% Failed
-3.1246 0.0354
7.9039 0.0042
3.1052 0.0531
29 a + bt + ct^2 + dt^-1 0.9907608 0.62% 6.22% -0.44% Failed
-1.7520 0.1781
-0.1862 0.8641
33.9478 0.0000
30 a + bt^2 + ct^-1 0.9707994 5.1882 0.0066 1.35% 6.22% 5.88% Failed
-5.0121 0.0074
19.8539 0.0003
3.0585 0.0551
31 a + bt^2+ ct^3 + dt^-1 0.9849563 0.87% 6.22% -8.27% Failed
-2.1827 0.1171
-2.4963 0.0880
35.5238 0.0000
32 a + bt^3 + ct^-1 0.9535355 3.9281 0.0171 1.65% 6.22% 9.65% Failed
-5.4024 0.0057
10.9123 0.0016
3.8160 0.0317
33 a + bt + ct^3 + dt^-1 0.9894171 0.69% 6.22% -2.30% Failed
-1.5162 0.2267
-0.7625 0.5012
6.1311 0.0036
34 a + bt + clogt^2 0.9521009 0.3209 0.7644 1.94% 6.22% 3.94% Failed
0.1678 0.8749
29.0936 0.0000
35 a + bt + clogt^3 0.9910081 8.2825 0.0012 0.74% 6.22% 3.43% PASSED
-4.1782 0.0139
32.6357 0.0000
36 a + bt + ct^-2 0.9815699 9.8043 0.0006 1.14% 6.22% 3.74% Failed
-2.5434 0.0637
34.6370 0.0000
37 a + bt + ct^-3 0.9784436 10.4671 0.0005 1.23% 6.22% 3.87% Failed
-2.2250 0.0901
70.8225 0.0000
38 a + bt^2 + clogt^2 0.9842432 -2.9108 0.0436 1.03% 6.22% -2.53% Failed
7.0687 0.0021
34.5442 0.0000
39 a + bt^2 + clogt^3 0.887501 2.72% 6.22% -9.68% Failed
-1.3427 0.2505
 1.8864 0.1323
37.8579 0.0000
40 a + bt^2 + ct^-2 0.9514789 5.8336 0.0043 1.71% 6.22% 6.88% Failed
-3.6777 0.0212
37.1227 0.0000
41 a + bt^2 + ct^-3 0.9372389 5.9164 0.0041 1.92% 6.22% 7.32% Failed
-3.0901 0.0366
62.2390 0.0000
42 a + bt^3 + clogt^2 0.9816752 -2.5932 0.0605 1.08% 6.22% -5.79% Failed
8.9524 0.0009
38.0615 0.0000
43 a + bt^3 + clogt^3 0.9320091 -2.3667 0.0771 2.22% 6.22% -23.42% Failed
4.3219 0.0124
36.8873 0.0000
44 a + bt^3 + ct^-2 0.9155075 4.2237 0.0134 2.17% 6.22% 11.65% Failed
-3.7749 0.0195
35.0976 0.0000
45 a + bt^3 + ct^-3 0.887679 4.2183 0.0135 2.42% 6.22% 12.50% Failed
-3.1190 0.0356
14.3796 0.0001
46 a + blogt + at^-1 0.9942775 12.4002 0.0002 0.57% 6.22% 2.01% PASSED
3.9392 0.0170
36.8007 0.0000
47 a + blogt + at^-2 0.9950214 19.1481 0.0000 0.50% 6.22% 1.87% PASSED
4.2934 0.0127
49.7542 0.0000
48 a + blogt + at^-3 0.9952977 22.7285 0.0000 0.47% 6.22% 1.81% PASSED
4.4443 0.0113
40.9269 0.0000
49 a + blogt^2 + at^-1 0.9912202 9.9411 0.0006 0.74% 6.22% 2.50% PASSED
-4.2877 0.0128
56.5921 0.0000
50 a + blogt^2 + at^-2 0.988582 12.5544 0.0002 0.88% 6.22% 2.69% Failed
-3.6349 0.0221
60.0162 0.0000
51 a + blogt^2 + at^-3 0.9863221 13.2277 0.0002 0.97% 6.22% 2.79% Failed
-3.2200 0.0323
41.7533 0.0000
52 a + blogt^3 + at^-1 0.9821318 6.8210 0.0024 1.11% 6.22% 3.39% Failed
-5.7039 0.0047
48.7127 0.0000
53 a + blogt^3 + at^-2 0.9713635 7.7743 0.0015 1.41% 6.22% 3.86% Failed
-4.3355 0.0123
48.0141 0.0000
54 a + blogt^3 + at^-3 0.9626266 7.8422 0.0014 1.59% 6.22% 4.09% Failed
-3.6698 0.0214
34.4389 0.0000
55 a + bt^-1 0.8194405 4.13% 6.22% 0.36% Failed
-5.3132 0.0032
66.7780 0.0000
56 a + bt^-1 + ct^-2 0.9878674 -12.1694 0.0003 0.80% 6.22% 0.92% Failed
8.3911 0.0011
57 a + bt^-1 + ct^-3 0.9811696 63.5749 0.0000 1.01% 6.22% 0.77% Failed
 -11.2250 0.0004
6.6290 0.0027
31.0721 0.0000
58 a + bt^-2 0.6309378 5.65% 6.22% 0.06% Failed
-3.3552 0.0202
58.2729 0.0000
59 a + bt^-2 + ct^-3 0.9481372 -6.5727 0.0028 1.63% 6.22% 0.33% Failed
5.6197 0.0049
28.3715 0.0000
60 a + bt^-3 0.5104097 6.21% 6.22% 0.01% Failed
-2.6935 0.0431
11.4950 0.0014
1.9369 0.1482
61 a + bt + ct^2 + dlogt^2 0.9906647 0.60% 6.22% -0.75% Failed
-4.1862 0.0248
-0.0588 0.9568
25.8265 0.0001
6.9315 0.0062
62 a + bt + ct^2 + dlogt^3 0.9911843 0.63% 6.22% 0.41% Failed
-1.0392 0.3751
-0.4248 0.6996
13.0650 0.0010
4.2237 0.0243
63 a + bt + ct^2 + dt^-2 0.9906869 0.60% 6.22% -0.65% Failed
-2.2172 0.1133
-0.1030 0.9245
16.0153 0.0005
4.8868 0.0164
64 a + bt + ct^2 + dt^-3 0.990661 0.60% 6.22% -0.75% Failed
-2.4966 0.0880
-0.0474 0.9652
9.9164 0.0022
1.7958 0.1704
65 a + bt + ct^3 + dlogt^2 0.9882251 0.68% 6.22% -4.47% Failed
-3.6430 0.0357
-0.4678 0.6718
23.8973 0.0002
5.1160 0.0145
66 a + bt + ct^3 + dlogt^3 0.9906776 0.66% 6.22% -0.51% Failed
-0.9264 0.4226
-1.0323 0.3779
17.2102 0.0004
5.2472 0.0135
67 a + bt + ct^3 + dt^-2 0.988931 0.69% 6.22% -3.00% Failed
-1.9131 0.1517
-0.6512 0.5613
20.5326 0.0003
6.0444 0.0091
68 a + bt + ct^3 + dt^-3 0.9886356 0.69% 6.22% -3.37% Failed
-2.1418 0.1216
-0.5789 0.6033
16.1347 0.0005
-0.9213 0.4248
69 a + bt + clogt + dlogt^2 0.9924896 0.55% 6.22% 1.17% Failed
4.7446 0.0178
1.4201 0.2507
0.5726 0.6070
0.6630 0.5547
70 a + bt + clogt + dlogt^3 0.9888934 0.68% 6.22% 5.59% Failed
-0.4883 0.6588
-0.6264 0.5755
3.4808 0.0400
71 a + bt + clogt + dt^-1 0.993077 -0.5535 0.6185 0.52% 6.22% 1.49% Failed
2.2583 0.1091
 1.5628 0.2160
14.4114 0.0007
-0.2338 0.8302
72 a + bt + clogt + dt^-2 0.9934807 0.49% 6.22% 1.69% Failed
2.8824 0.0634
1.6671 0.1941
24.2360 0.0002
-0.0066 0.9952
73 a + bt + clogt + dt^-3 0.9937303 0.47% 6.22% 1.81% Failed
3.2792 0.0465
1.7348 0.1812
15.3735 0.0006
1.1134 0.3467
74 a + bt + clogt^2 + dlogt^3 0.9933401 0.52% 6.22% 1.85% Failed
1.5494 0.2191
-5.0763 0.0148
14.4368 0.0007
-1.2148 0.3113
75 a + bt + clogt^2 + dt^-1 0.9921533 0.56% 6.22% 0.97% Failed
2.0363 0.1345
-4.6279 0.0190
14.0086 0.0008
-1.5101 0.2282
76 a + bt + clogt^2 + dt^-2 0.9913508 0.59% 6.22% 0.61% Failed
2.3502 0.1003
-4.3763 0.0221
13.1899 0.0009
-1.6487 0.1978
77 a + bt + clogt^2 + dt^-3 0.9904321 0.61% 6.22% 0.31% Failed
2.4519 0.0915
-4.1261 0.0258
0.8803 0.4435
3.3116 0.0453
78 a + bt + clogt^3 + dt^-1 0.9948825 0.40% 6.22% 3.60% Failed
-2.8210 0.0667
2.0071 0.1384
4.6212 0.0191
4.3181 0.0229
79 a + bt + clogt^3 + dt^-2 0.9947082 0.41% 6.22% 3.18% Failed
-3.3062 0.0455
1.9486 0.1465
7.2377 0.0054
5.0322 0.0151
80 a + bt + clogt^3 + dt^-3 0.9947219 0.41% 6.22% 3.12% Failed
-3.6519 0.0354
1.9531 0.1458
12.7917 0.0010
2.3273 0.1024
81 a + bt + ct^-1 + dt^-2 0.9942337 0.44% 6.22% 2.23% Failed
-3.1280 0.0521
2.5933 0.0808
15.9230 0.0005
3.2526 0.0474
82 a + bt + ct^-1 + dt^-3 0.9944534 0.42% 6.22% 2.39% PASSED
-3.5420 0.0383
2.6665 0.0759
26.1891 0.0001
6.0126 0.0092
83 a + bt + ct^-2 + dt^-3 0.9947013 0.37% 6.22% 2.73% PASSED
-3.6432 0.0357
3.3035 0.0456
54.8928 0.0000
84 a + bt^2 + ct^3 + dlogt^2 0.9919078 -2.4613 0.0908 0.67% 6.22% 16.91% Failed
2.1883 0.1164
 3.7633 0.0328
24.0467 0.0002
3.2705 0.0468
85 a + bt^2 + ct^3 + dlogt^3 0.9801435 0.96% 6.22% -31.10% Failed
-4.4342 0.0213
-1.9985 0.1395
19.8539 0.0003
3.0585 0.0551
86 a + bt^2 + ct^3 + dt^-1 0.9849563 0.87% 6.22% -8.27% Failed
-2.1827 0.1171
-2.4963 0.0880
28.0391 0.0001
3.9733 0.0285
87 a + bt^2 + ct^3 + dt^-2 0.9820107 0.94% 6.22% -11.74% Failed
-2.7909 0.0684
-2.1726 0.1182
31.3002 0.0001
4.4074 0.0217
88 a + bt^2 + ct^3 + dt^-3 0.979965 0.97% 6.22% -13.82% Failed
-3.0871 0.0538
-1.9829 0.1417
69.1658 0.0000
-0.7867 0.4889
89 a + bt^2 + clogt + dlogt^2 0.9920121 0.57% 6.22% 0.80% Failed
2.2114 0.1140
1.6999 0.1877
57.7057 0.0000
-0.9042 0.4325
90 a + bt^2 + clogt + dlogt^3 0.9899934 0.69% 6.22% -0.22% Failed
6.4784 0.0075
1.3044 0.2831
4.6757 0.0185
-0.4486 0.6842
91 a + bt^2 + clogt + dt^-1 0.9928496 0.53% 6.22% 1.35% Failed
3.6517 0.0354
1.8920 0.1549
14.7111 0.0007
-0.1450 0.8939
92 a + bt^2 + clogt + dt^-2 0.9934081 0.50% 6.22% 1.70% Failed
5.1423 0.0143
2.0339 0.1348
22.1322 0.0002
0.0746 0.9452
93 a + bt^2 + clogt + dt^-3 0.9937419 0.47% 6.22% 1.90% Failed
6.0922 0.0089
2.1255 0.1235
74.9498 0.0000

a + bt^2 + clogt^2 + 1.5756 0.2132

94 0.9948498 0.45% 6.22% 4.46% Failed
dlogt^3 9.1855 0.0027
-3.0394 0.0559
24.7967 0.0001
-1.0961 0.3531
95 a + bt^2 + clogt^2 + dt^-1 0.9916413 0.58% 6.22% 0.47% Failed
3.3127 0.0453
-2.1308 0.1229
40.8109 0.0000
-1.4502 0.2429
96 a + bt^2 + clogt^2 + dt^-2 0.9910499 0.60% 6.22% 0.05% Failed
4.3226 0.0228
-2.0105 0.1379
48.7307 0.0000
97 a + bt^2 + clogt^2 + dt^-3 0.9905538 -1.6709 0.1933 0.60% 6.22% -0.23% Failed
4.8555 0.0167
 -1.9163 0.1512
46.8930 0.0000
-1.5599 0.2167
98 a + bt^2 + clogt^3 + dt^-1 0.9868455 0.80% 6.22% -2.19% Failed
2.4247 0.0938
-5.5865 0.0113
63.0246 0.0000
-1.9299 0.1492
99 a + bt^2 + clogt^3 + dt^-2 0.9829663 0.90% 6.22% -4.02% Failed
2.8973 0.0626
-4.8392 0.0168
64.9421 0.0000
-2.0768 0.1294
100 a + bt^2 + clogt^3 + dt^-3 0.979558 0.98% 6.22% -5.26% Failed
3.0464 0.0556
-4.3604 0.0223
27.5342 0.0001
2.4848 0.0889
101 a + bt^2 + ct^-1 + dt^-2 0.9947103 0.40% 6.22% 3.08% PASSED
-5.8044 0.0102
4.3682 0.0222
34.2899 0.0001 3.44%

3.4272 0.0416
102 a + bt^2 + ct^-1 + dt^-3 0.9948921 0.37% 6.22% PASSED
-6.7932 0.0065
4.4572 0.0210
53.7109 0.0000
5.9527 0.0095
103 a + bt^2 + ct^-2 + dt^-3 0.9946025 6.22% 4.34%
-6.5963 0.0071 0.41%
PASSED
5.7409 0.0105
70.3635 0.0000
-0.6542 0.5597
104 a + bt^3 + clogt + dlogt^2 0.9915675 0.59% 6.22% 0.29% Failed
2.3859 0.0971
1.8767 0.1572
63.4689 0.0000
-0.8083 0.4781
105 a + bt^3 + clogt + dlogt^3 0.9895432 0.71% 6.22% -1.07% Failed
4.7967 0.0172
1.5032 0.2298
5.9792 0.0094
-0.3420 0.7549
106 a + bt^3 + clogt + dt^-1 0.9926564 0.54% 6.22% 1.20% Failed
4.7232 0.0180
2.1188 0.1243
17.5418 0.0004
-0.0531 0.9610
107 a + bt^3 + clogt + dt^-2 0.9933681 0.50% 6.22% 1.77% Failed
6.9254 0.0062
2.3006 0.1049
25.7446 0.0001
0.1593 0.8835
108 a + bt^3 + clogt + dt^-3 0.9937828 0.47% 6.22% 2.10% Failed
8.3226 0.0036
2.4179 0.0943
98.5714 0.0000

a + bt^3 + clogt^2 + 1.7589 0.1768

109 0.9953663 0.40% 6.22% 6.80% Failed
dlogt^3 7.4628 0.0050
-3.5803 0.0373
24.2618 0.0002
110 a + bt^3 + clogt^2 + dt^-1 0.9909946 -0.9486 0.4128 0.62% 6.22% -0.36% Failed
4.1998 0.0246
 -2.2670 0.1082
38.3839 0.0000
-1.2768 0.2915
111 a + bt^3 + clogt^2 + dt^-2 0.9901361 0.64% 6.22% -1.15% Failed
5.5914 0.0113
-2.1050 0.1260
44.9311 0.0000
-1.4770 0.2362
112 a + bt^3 + clogt^2 + dt^-3 0.9894409 0.66% 6.22% -1.67% Failed
6.2889 0.0081
-1.9854 0.1413
31.5591 0.0001
-1.4785 0.2358
113 a + bt^3 + clogt^3 + dt^-1 0.9862178 0.82% 6.22% -4.10% Failed
3.2381 0.0479
-4.0906 0.0264
43.4653 0.0000
-1.8951 0.1544
114 a + bt^3 + clogt^3 + dt^-2 0.9826216 0.92% 6.22% -6.72% Failed
4.0556 0.0270
-3.5566 0.0379
46.9720 0.0000
-2.0933 0.1274
115 a + bt^3 + clogt^3 + dt^-3 0.9797484 0.98% 6.22% -8.44% Failed
4.3801 0.0220
-3.2294 0.0482
40.4020 0.0000
2.6173 0.0792
116 a + bt^3 + ct^-1 + dt^-2 0.9950731 0.37% 6.22% 4.49% PASSED
-8.0992 0.0039
5.8926 0.0098
49.3735 0.0000
3.5134 0.0391
117 a + bt^3 + ct^-1 + dt^-3 0.9950911 0.38% 6.22% 5.17% PASSED
-9.4087 0.0025
5.9044 0.0097
69.5651 0.0000
5.4518 0.0121
118 a + bt^3 + ct^-2 + dt^-3 0.9936603 0.47% 6.22% 6.92% PASSED
-8.2382 0.0037
7.0930 0.0058
1.0394 0.3750
1.4993 0.2308
119 a + blogt + clogt^2 + dt^-1 0.9933079 0.50% 6.22% 1.61% Failed
-0.6484 0.5629
1.1487 0.3340
6.4498 0.0076
2.0262 0.1358
120 a + blogt + clogt^2 + dt^-2 0.9935724 0.48% 6.22% 1.71% Failed
-0.3135 0.7745
1.2236 0.3084
11.2394 0.0015
2.3968 0.0962
121 a + blogt + clogt^2 + dt^-3 0.9937434 0.47% 6.22% 1.78% Failed
-0.0793 0.9418
1.2729 0.2928
2.8978 0.0626
2.7411 0.0713
122 a + blogt + clogt^3 + dt^-1 0.9932019 0.51% 6.22% 1.57% Failed
-0.6059 0.5874
1.6185 0.2040
10.6260 0.0018
123 a + blogt + clogt^3 + dt^-2 0.993516 3.8296 0.0314 0.49% 6.22% 1.70% Failed
-0.2671 0.8067
 1.7005 0.1876
16.6592 0.0005
4.5664 0.0197
124 a + blogt + clogt^3 + dt^-3 0.9937325 0.47% 6.22% 1.79% Failed
-0.0327 0.9759
1.7593 0.1768
3.4515 0.0409
2.1588 0.1197
125 a + blogt + ct^-1 + dt^-2 0.9936649 0.47% 6.22% 1.74% Failed
-0.3788 0.7301
0.7830 0.4907
4.4738 0.0208
3.0152 0.0570
126 a + blogt + ct^-1 + dt^-3 0.9937707 0.46% 6.22% 1.77% Failed
-0.1396 0.8978
0.8213 0.4717
9.8966 0.0022
5.5197 0.0117
127 a + blogt + ct^-2 + dt^-3 0.9938013 0.46% 6.22% 1.77% Failed
-0.1855 0.8647
0.4612 0.6761
16.1346 0.0005

a + blogt^2 + clogt^3 + dt^- 2.6544 0.0767

128 0.9928853 0.53% 6.22% 1.40% Failed
1 -1.3915 0.2583
-0.9842 0.3976
28.1782 0.0001

a + blogt^2 + clogt^3 + dt^- 3.5789 0.0373

129 0.9927543 0.53% 6.22% 1.32% Failed
2 -1.8175 0.1667
-0.9471 0.4135
35.2901 0.0001

a + blogt^2 + clogt^3 + dt^- 4.1586 0.0253

130 0.9926336 0.53% 6.22% 1.25% Failed
3 -2.1041 0.1261
-0.9127 0.4287
11.5224 0.0014
2.2214 0.1129
131 a + blogt^2 + ct^-1 + dt^-2 0.9938839 0.46% 6.22% 1.88% Failed
-2.1136 0.1249
1.6559 0.1963
15.1975 0.0006
3.1127 0.0528
132 a + blogt^2 + ct^-1 + dt^-3 0.994064 0.44% 6.22% 1.96% Failed
-2.4934 0.0882
1.7077 0.1862
28.2696 0.0001
5.8088 0.0102
133 a + blogt^2 + ct^-2 + dt^-3 0.9943538 0.41% 6.22% 2.13% Failed
-2.5865 0.0813
2.2559 0.1093
20.7240 0.0002
2.3079 0.1042
134 a + blogt^3 + ct^-1 + dt^-2 0.9941714 0.44% 6.22% 2.11% Failed
-4.0807 0.0266
3.0434 0.0557
26.6881 0.0001
3.2358 0.0480
135 a + blogt^3 + ct^-1 + dt^-3 0.9944083 0.42% 6.22% 2.27% PASSED
-4.8718 0.0165
3.1276 0.0522
46.5689 0.0000
136 a + blogt^3 + ct^-2 + dt^-3 0.994671 5.9941 0.0093 0.37% 6.22% 2.64% PASSED
-5.0053 0.0153
 4.3006 0.0231

Forecasted Consumption
70,000 90.0
80.0
60,000
70.0
50,000
60.0
40,000 50.0
MWh

MW
30,000 40.0
30.0
20,000
20.0
10,000
10.0
0 0.0
Jan

Jan
Jan
May

May

Jan
May

Jan
May

Jan
May

Jan
May

Jan
May

May

Jan
May

Jan
May
Sep

Sep

Sep

Sep

Sep

Sep

Sep

Sep

Sep

Sep
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Month

MWh Output MWh System Loss Coincident Peak MW

MWh Output was expected to grow at a rate of 8.49 % annually.

Forecasted Losses
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
Jan
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan

Jul
Apr

Oct
Jan
Apr
Jul
Oct

Apr
Jul
Oct
Jan
Apr
Jul
Oct

2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Month

Transm'n Loss System Loss

Transmission Loss is expected to range from 1.76% to 1.04% while System Loss is expected to
range from 11.97% to 2.38%.
Power Supply
Minimum Minimum
Case No. Type GenCo PSA Start PSA End
MW MWh/yr
ERC Case No. 2016-085RC (ANDA) Base Anda Power Corporation 10.00 6,720 4/28/2016 4/26/2029

The PSA with Anda Power Corporation filed with ERC under Case No. 2016-085RC was procured through competitive selection process under
the DC 2015-06-0008 rules. It was selected to provide for base requirements to reduce or avoid exposure to volatile prices from the Wholesale
Electric Spot Market (WESM).

The current condition of PSA between ISELCO II and ANDA is in dispute with ERC, under ERC Case No. 2023-023 DR. At present ANDA has
no supply to ISELCO II of its contracted capacity, the last supply was July of 2023.

Minimum
Case No. Type GenCo Minimum MW PSA Start PSA End
MWh/yr
ERC Case No. 2023-142 RC (EPSA-GNPD) Base GN Power Dinginin 6.30 4,385 10/25/2023 10/26/2024

The PSA with GNPOWER DINGININ LTD. CO. (GNPD) filed with ERC under Case No. 2023-142RC was procured through Emergency Power
Supply Agreement.

Between June and August 2023, the Energy Regulatory Commission (ERC) issued several orders/directives for ISELCO II to immediately stop
implementing contracted capacities from its suppliers that were either affected by the Alyansa Ruling or have not been granted prior ERC approval,
prompting ISELCO II to source power from the Wholesale Electricity Spot Market (WESM).To prevent prolonged exposure of its member-
consumers to volatile WESM prices, ISELCO II solicited offers from various generation companies for the emergency supply of at least 18 MW
capacity and GNPD was one of the said GenCo’s. ISELCO II carefully evaluated and found GNPD’s offer the most beneficial, thus, it negotiated
and eventually signed an Emergency Power Supply Agreement (EPSA) dated 25 October 2023 with GNPD. ISELCO II conducted a rate impact
simulation and found that with GNPD’s supply, its blended generation rate will go down by PhP2.58/kWh.

While ISELCO II and GNPD were still negotiating the EPSA and right before the parties signed the same, the ERC issued Resolution No. 16,
Series of 2023 providing Implementing Guidelines for the Procurement, Execution, and Evaluation of PSAs, which took effect on 23 October 2023.

With the new rules of the regulatory commission, ISELCO II followed the modified requirements for the procurement and approval process of
EPSAs, including among others, giving written notices of force majeure or fortuitous event to the DOE, NEA, and ERC, and submission of reportorial
requirements as to the implementation of the EPSA.

The utilization of the PSA ranges to 35% monthly minimum Energy Offtake (MEOT) to 100%.
 Supplier 1: Supplier 2 : Supplier 3 : Supplier 4 :
(New) (New) (New) (New)
Type 6.00 2.00 5.00 0.00
Minimum MW 4,000 1,500 1,250 150
Minimum MWh/yr 18.00 10.00 10.00 11.30
Maximum MW 13,392 7,200 1,742 7,552
Maximum MWh/yr 6.00 2.00 5.00 0.00
PSA Start 12/26/2024 12/26/2028 6/26/2026 3/26/2027
PSA End 12/25/2039 12/25/2048 6/25/2040 6/25/2046
Publication 8/17/2024 1/10/2025 8/21/2025 4/11/2025
Pre-bid 9/7/2024 1/31/2025 9/11/2025 5/2/2025
Opening 11/6/2024 4/1/2025 11/10/2025 7/1/2025
Awarding 12/6/2024 5/1/2025 12/10/2025 7/31/2025
PSA Signing 1/5/2025 5/31/2025 1/9/2026 8/30/2025
Joint Filing 1/14/2025 6/9/2025 1/18/2026 9/8/2025

Procurement Schedule

Joint Filing Joint Filing Joint Filing Joint Filing

PSA Signing PSA Signing PSA Signing PSA Signing

Awarding Awarding Awarding Awarding

Opening Opening Opening Opening

Pre-bid Pre-bid Pre-bid Pre-bid

Publication Publication Publication Publication

4/18/24 7/27/24 11/4/24 2/12/25 5/23/25 8/31/25 12/9/25 3/19/26

Supplier 1: (New) Supplier 2 : (New) Supplier 3 : (New) Supplier 4 : (New)

For Supplier 1, the procurement of 18 MW of supply which is planned to be available on December

26, 2024, the first expected publication will be on August 17, 2024 for this capacity ISELCO II will
participate in the Joint NEA CSP Aggregation that will be conducted by the NEA.

For the procurement of 10 MW for Supplier 2 of supply which is planned to be available on December
26, 2028, the second publication of CSP will be on January 10, 2025. Joint filing is planned on June
9, 2025 or 150 days later.

Furthermore, Supplier 3 procurement of 10 MW of supply which is planned to be available on June

26, 2026, the last publication of CSP will be on August 21, 2025. Joint filing is planned on January
18, 2026 or 150 days later.
Finally, Supplier 4 the procurement of 11.3 MW of supply which is planned to be available on March
26, 2027, for the third publication of CSP will be on April 11, 2025 expected to file Joint filing to ERC
is planned on September 8, 2025.

In accordance with DOE’s 2023 CSP Policy, and new rules and procedures of the commission or
ERC and DOE.

Captive Customer Connections

Historical and Forecasted Captive Connections in Sector

250,000

200,000

150,000

100,000

50,000

0
2016

2033
2013

2014

2015

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032
Year
Residential Commercial Industrial Others

The number of Residential connections is expected to grow at a rate of 1.282% annually for the next
five (5) years, and 0.382% for the succeeding five years. Said customer class is expected to account
for ninety five percent (95%) of the total consumption.