Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.