The Independent Electricity Market Operator of the Philippines said Thursday trial operations of the reserve market is now in full swing as part of preparations for its commercial launch on Sept. 26, 2023.
“As of now, trial operations program in full swing and will run until Sept., 25, 2023. This program is a crucial step in ensuring the successful transition to the commercial operations,” IEMOP assistant manager for knowledge management services Christian Karla Rica said.
“We are working and completing essential prerequisites which include PDM [price determination methodology] approval and ensuring of readiness of the system and processes and conduct of comprehensive software certification audit,” Rica said.
The RM allows for the trading of ancillary services or those necessary to support the transmission of capacity and energy from resources to loads, while maintaining the reliable operation of the system.
IEMOP started the trial operations program on June 26 and will run for three months.
The Department of Energy said the TOP is a non-binding exercise for the RM participants to test all market systems for registration, scheduling, dispatch and pricing, metering, cost recovery and settlement.
Non-binding exercise means that the results of the TOP would not be used commercially for scheduling, dispatch, settlement and cost recovery.
The DOE said all generating units would continue to adhere to the “Protocol for the Central Scheduling and Dispatch of Energy and Contracted Reserves” where AS will continue to be scheduled, dispatched, and settled by grid operator National Grid Corp. of the Philippines in accordance with its ancillary services procurement agreement.
The DOE directed the Philippine Electricity Market Corp., the Wholesale Electricity Spot Market’s governance arm to complete the audit of the software enhancements to the market systems as part of the readiness criteria for the RM commercial operations
It said all generation companies accredited as AS providers should register and fully participate in the TOP exercises.
The generation companies should offer their maximum available capacity for each dispatch interval in the co-optimized WESM for energy and reserves in accordance with the WESM Rules and corresponding Market Manuals.
“All concerned participants are reminded to complete their respective preparations towards achieving readiness for the commercial operations of the RM,” the DOE said.
