rules change

Market Governance

Penalty Framework on Test and Commissioning

Overview

The Philippine Electricity Market Corporation’s (PEMC) Proposed Amendments to the WESM Manuals regarding Penalty Framework on Test and Commissioning (ORCP- WM-22-05) aims to provide the penalty mechanism for the following acts or omission of a Trading Participant with facility or plant whose test and commissioning period has expired:

Failure of the registered WESM Member to apply for commercial operations registration after receiving the Certificate of Compliance (COC) or the Provisional Authority to Operate (PAO); and
Generation after expiry of authorized test and commissioning period unless otherwise authorized by the relevant DOE issuances, Market Rules or Manuals.

Market Rules and Manuals Affected

WESM Manual on Registration, Suspension and Deregistration Criteria and Procedures (PEM Board-approved version based on RCC Resolution No. 2021-18, currently pending DOE approval); and
WESM Penalty Manual, Issue 1.0 (Note: The Market Surveillance Committee (MSC) is the WESM Governance Committee designated to review and approve the proposed amendments to this Market Manual, which will be for further approval by the PEM Board and DOE.)

Documentation

ORCP-WM-22-05 – Discussion paper and matrix

Comments received from:

Aboitiz Power - Part 1, Part 2
NGCP
Millennium Energy, Inc./Panasia Energy, Inc.
IEMOP
Technical Committee
MERALCO
First Gen
DOE

RCC Resolution No. 2022-12 - Proposed Amendments to the WESM Rules and Manuals regarding Penalty Framework for Test and Commissioning

DOE Department Circular No. DC2023-07-0023 dated 20 July 2023 - "ADOPTING FURTHER AMENDMENTS TO THE WHOLESALE ELECTRICITY SPOT MARKET (WESM) RULES AND MARKET MANUALS (Provisions on Penalty Framework for Test and Commissioning)"