San Miguel Power Corp. now has the biggest share in installed generating capacity in the entire country
A report by the Department of Energy (DOE) showed as of October 2021, San Miguel Power had 5,190.39 megawatts (MW) equivalent to a share of 22.16 percent of the total 23,422.34 MW.
Aboitiz Power and First Gen Corp. were in the second and third spots with 5,049.86 MW (21.56 percent) and 3,485.24 MW (14.88 percent), respectively.
The government through the Power Sector Assets and Liabilities Management Corp. (PSALM) had an 8 percent market share equivalent to 1,894.05 MW. The Ayala Group’s ACEN had 1,392.13 MW equivalent to 6 percent, at fourth and fifth spots, respectively.
For the Luzon grid, San Miguel Power cornered 4,891 MW or 30.62 percent of the 16,974.88 MW total installed capacity in the region.
Other top producers in the region were Aboitiz Power with 3,340.22 MW or 20.91 percent; First Gen, 2,518 MW or 15.76 percent; PSALM, 1,094.95 MW or 6.85 percent and; DMCI Power Corp., 950 MW or 6 percent.
For the Visayas grid, First Gen led with 865.84 MW or 25.60 percent of the total installed generating capacity of 3,381.61 MW.
Aboitiz Power followed with 22.41 percent or 757.85 MW installed generating capacity, Global Business Power secured 18 percent or 590.44 MW, SPC Power Corp. with 327.2 MW at 10 percent and ACEN with 223.7 MW at 7 percent.
In the Mindanao grid, AboitizPower held the main portion of the power generation with an installed generating capacity of 952.34 MW or a 23.42 percent share in the total installed generating capacity of 4,065.85 MW in the region.
Other leading power generators in Mindanao are PSALM with 799.10 MW or 19.65 percent, ACEN with 572.88 MW or 14.09 percent, FDC Utilities Inc. with 405 MW or 9.96 percent and Alsons Power with 359 MW or 8.84 percent.
The DOE report showed for the period, no power generation entity had exceeded the installed generating capacity and market share limitation of 25 percent for the national grid as well as the 30 percent market share limit for Visayas and Mindanao.
However, San Miguel Power Corp. slightly exceeded the market share limitation of 30 percent in Luzon with its 30.62 percent share in the region.
DOE said in the report the current Philippine power market concentration is moderate based on a Herfindahl-Hirschman index (HHI) computation of 1,512 for the entire country “and quite far from a monopoly.”
All grids also indicated a moderately concentrated market having HHIs of 1,937; 1,759 and; 1,445 respectively.
Markets with HHI of less than 1,500 are considered to be a competitive marketplace while those with over 1,500 to 2,500 are moderately concentrated marketplace and a count of over 2,500 is tagged as a highly concentrated marketplace.
