Pre-requisites for the commercial operations of the energy reserves market are still being fulfilled, according to the Independent Electricity Market Operator of the Philippines (IEMOP).
Karla Rica, IEMOP Knowledge Management Services assistant manager, said the reserves market will be in trial operations until September.
“As of now, trial operations program are in full swing… This program is a crucial step in ensuring the successful transition to commercial operations. We are working and completing essential prerequisites which include PDM (price determination methodology) approval and ensuring readiness of our system and processes and the conduct of comprehensive software certification audit,” Rica said.
Rica added so far, the ERC has completed the public hearings on the PDM. Approval of the PDM is pending.
Meanwhile, IEMOP said the software certification audit will be done by an independent auditor through the Philippine Electricity Market Corp. and will be completed by October.
The trial operations of the reserves market started this month.
The trial operations, being non-binding, serve as a test for all participants in terms of market systems for registration, scheduling, dispatch and pricing, metering, cost recovery and settlement, including interfaces of IEMOP, the National Grid Corporation of the Philippines and ancillary services (AS) providers.
The DOE said results of the trial operations will not be used commercially for scheduling, dispatch, settlement and cost recovery
AS represent the available generating capacity for dispatch to meet contingency reserve requirements when a power generating unit trips or a transmission interconnection problem occurs. – Jed Macapagal
