To ERC Chairman and CEO and Commissioners, and NEA Administrators

QuantRisk Solution Has an Irrefutable Established Track Records in the Philippines

QuantRisk solution has been licensed by Veco and all of Aboitiz DUs for almost three years. BENECO conducted a parallel run for three months against their traditional nomination procedures. ANTECO and ILECO I tried a performance analysis of six past months trading. All attest to significant energy procurement cost savings. The staggering energy procurement savings rate for the co-ops ranges from 500 to over 1,000 PhP / MWh.

This cloud-based solution costs electric co-ops from 4 to 8% of the savings it generates, and the rest will be returned to consumers as lower energy cost.

QR Optimization Service® Offers

Load and price forecasting, and optimization of the nomination of bilateral power purchase contracts, in real time intraday, and day-ahead settings, with performance analysis of actual and optimal nodal P&Ls. Traders have clear nomination guidance to follow, and management has down to hour analysis to track hourly trading performance, nodal P&L an energy procurement savings.

Call to ERC and NEA

Our cooperative is highly interested to use QuantRisk Solution. The outstanding issue is how to pay for it. To level the playing field with generators and large utilities, and to allow us to lower our energy rate, we the undersigned electric cooperatives request ERC and NEA to authorize the payment for this solution as a pass-through cost.