DOE DEPARTMENT CIRCULAR NO. DC2013-03-0005 ADOPTING FURTHER AMENDMENTS TO THE WESM RULES (REGISTRATION AND SETTLEMENT PROVISIONS OF THE WESM RULES) March 22, 2013
[ DOE DEPARTMENT CIRCULAR NO. DC2013-03-0005, March 22, 2013 ]
ADOPTING FURTHER AMENDMENTS TO THE WESM RULES (REGISTRATION AND SETTLEMENT PROVISIONS OF THE WESM RULES)
WHEREAS, the PEMC proposed amendment aims to qualify the term “business day” in relation to specific registration and settlement processes and to enhance the procedure formulation of certain clauses of the WESM Rules on Settlement Quantities and Amounts for clarity, to address the findings in the second market operations audit;
WHEREAS, the RCC thoroughly discussed and deliberated the proposed amendments in its 66thMeeting (05 September 2012) and 67thMeeting (03 October 2012) and published the proposal, incorporating the revisions/ inputs during the said Meetings, in the WESM website to solicit comments from participants and other interested parties;
WHEREAS, on 14 November 2012, the RCC in its 68th Meeting deliberated upon the comments submitted and affirmed its 03 October 2012 approval of the proposed amendments for endorsement to the PEM Board;
WHEREAS, on 21 January 2013, after discussion, the PEM Board has resolved to approve for endorsement to the DOE the above stated changes to the WESM Rules;
NOW THEREFORE, pursuant to its authority under the WESM Rules, the DOE hereby issues, adopts and promulgates the following amendments to the WESM Rules:
Section 1. Amendments to the WESM Rules.
| 1.1 | Clause 2.5.3.1 under Further Information to Assess Application is amended to read - Within fiveWorking Daysof receiving an application, theMarket Operatorshall advise the applicant of any further information which theMarket Operatorreasonably considers to be required to enable theMarket Operatorto properly assess the application. | |
| 1.2 | Clause 2.5.3.2 under Further Information to Assess Application is amended to read - If theMarket Operatorhas not received any further information as required under clause 2.5.3.1 within the next fifteenWorking Days, theMarket Operatormay treat the application as withdrawn. | |
| 1.3 | Clause 2.5.5.1 under Notice of Approval of Application is amended to read - If theMarket Operatorapproves an application under clause 2.5.4, theMarket Operatorshall send written notice of approval to the applicant within fifteenWorking Daysfrom receipt of: xxx | |
| 1.4 | Clause 2.5.5.2 under Notice of Approval of Application is amended to read - The registration of the applicant shall take effect on the date specified in the notice of approval which shall be a date not more than seven daysWorking Daysafter the date on which theMarket Operatorsends the notice of approval under clause 2.5.5.1. | |
| 1.5 | Clause 2.5.6.1 under Notice of Approval of Non-Application is amended to read - If theMarket Operatordoes not approve an application for registration in a category to which an application relates, theMarket Operatorshall send within fifteen (15)Working Dayswritten notice to the applicant advising the applicant that the application is not approved and theMarket Operatorshall give reasons for its decision. | |
| 1.6 | Clause 2.5.6.2 under Notice of Approval of Non-Application is amended to read - The DOE and ERC shall, in all instances, be provided a copy of such written notice within five (5)Working Daysafter issuance to the applicant. | |
| 1.7 | Clause 3.13.5.1 under Defining the Gross EX-Ante Energy Settlement Quantity for Market Trading Nodes is amended to read - For eachtrading interval, the grossex-ante energy settlement quantitybefore being adjusted for bilateral Contracts for eachmarket trading nodeshall be determined by theMarket Operatoras follows: | |
| (a) | If themarket trading nodeis defined under clause 3.2.2.1 as lying on the boundary of thepower systemoperated by theSystem operator, the grossex-ante energy settlement quantityfor thatmarket trading nodeis the average of thenetexpected flows into thepower systemoperated by theSystem operatorthrough the associatedmeter, as estimated by the initial conditions assumed for the beginning of thetrading interval, and by theforecast, or target, for the end of thattrading intervalfor that markettrading nodeassumed in, or estimated by, thedispatch optimizationperformed prior to the beginning of thattrading interval; | |
| (b) | If themarket trading nodeis defined under clause 3.2.2.2 as agenerator nodelying on the interface betweennetworks, apparatus or equipment operated by parties other than theSystem operator, the grossex-ante energy settlement quantityfor themarket trading nodeis the average of the net expected flows through the associated meter from theGenerating Companyto theCustomer sideof themeter,as estimated by the initial conditions assumed for the beginning of thattrading interval, and by the target generation for the end of thattrading intervalfor thatgenerator node; and xxx xxx xxx | |
| 1.8 | Clause 3.13.7 under Energy Settlement Quantity Adjustments for Bilateral is amended to read - For settlement purposes, the ex-ante the energy settlement quantity for anymarket trading nodein anytrading intervalshall be determined by theMarket Operatorby adjusting the gross ex-ante energy settlement quantity for thatmarket trading nodeand anytrading interval,as measured in accordance with clause 3.13.5, for bilateral contract quantities notified to theMarket Operatorunder clause 3.13.1.1, or inferred by theMarket Operatorunder clause 3.13.1.1 and accepted as valid under clause 3.13.1.2 by: xxx xxx xxx | |
| 1.9 | Clause 3.13.9 under Determining the Ex Post Energy Trading Amount is amended to read - Forsettlementpurposes, theex post energy tradingamount for eachmarket trading nodeandtrading intervalwill be determined as: | |
(a) | Theex-post energy settlement pricefor that node in thattrading intervalmultiplied by the grossex-post energy settlement quantityfor thatnodein thattrading interval(in MWh) as adjusted in accordance with clause 4.5.2.2; minus | |
(b) | Theex-post energy settlement pricefor thatnodein thattrading intervalmultiplied by thegross ex-ante energy settlement quantityfor that node in thattrading interval(in MWh). | |
| 1.10 | Clause 3.13.12 under Calculation of Line Rental Trading Amounts is amended to read - TheMarket Operatorshall calculate the line rental trading amounts for each bilateral contract associated with the delivery of the bilateral contract quantities (BCQ) through thetransmission linein themarket network modelas: xxx xxx xxx | |
| 1.11 | Clause 3.13.17.1 under Settlement Amounts for Trading Participants with Bilateral Contracts is amended to read - For each billing period, theMarket Operatorshall determine the settlement amount for each trading participant with bilateral contract as the sum of the aggregate trading amounts for the trading intervals in that billing period, determined in accordance with clause 3.13.17.2 plus: | |
| (a) | Any amount payable by theMarket Operatorto thatTrading Participantin respect of that billing period and not accounted for in clause 3.13.17.2, including payment for any ancillary services purchased on behalf of theSystem Operator, less the sum of xxx xxx xxx | |
| 1.12 | Clause 3.14.4.1 under Preliminary Statements is amended to read - Within 7 days after the end of each billing period, theMarket Operatorshall give eachWESM memberwho has engaged in market transactions in that billing period a preliminary statement which sets out the market transactions of thatWESM memberin that billing period and the settlement amount payable by or to thatWESM member. If the seventh day falls on aNon-Working Day, the issuance of the preliminary statements shall be made during the next immediateWorking Day. | |
| 1.13 | Clause 3.14.4.4 under Preliminary Statements is amended to read - If theMarket Operatorconsiders that a preliminary statement contains an error or discrepancy after reviewing the preliminary statement, as notified by aWESM memberpursuant to clause 3.14.4.3 or as independently identified by theMarket Operator, theMarket Operatorshall ensure that correction of any error or discrepancy is reflected in the relevant final statements, provided that corrections requiring the input of an external party are received by theMarket Operatorat least twoWorking Daysbefore the deadline of the issuance of the final statements. If theMarket Operatorreceives notice of an error, discrepancy or correction of an earlier identified error after their relevant deadlines, clause 3.14.9.2 shall apply. | |
| 1.14 | Clause 3.14.5.1 under Final Statements is amended to read - No later than eighteen days after the end of each billing period, theMarket Operatorshall give to eachWESM memberwho has engaged in market transactions in that billing period a final statement stating the amounts payable by theWESM memberto theMarket Operatoror payable by theMarket Operatorto theWESM memberin respect of the relevant billing period. If the eighteenth day falls on aNon-Working Day, the issuance of the final statements shall be made during the next immediateWorking Day. | |
| 1.15 | Clause 3.14.6 under Payment by Trading Participants is amended to read - No later than 3.00 pm on the twenty-fifth day of the Calendar month following the billing period, each WESM member shall pay to theMarket Operatorin cleared funds the settlement amount (if any) stated to be payable to theMarket Operatorby thatWESM memberin thatWESM member’sfinal statement, whether or not theWESM memberdisputes, or continues to dispute, the amount payable. If the twenty-fifth day of the calendar month following the billing period falls on aNon-Working Day, the payment due date shall be moved to the next immediateWorking Day. | |
| 1.16 | Clause 3.14.7 under Payment to Trading Participants is amended to read - On the followingWorking Dayafter theMarket Operatoris to be paid under Clause 3.14.6, and in accordance with the schedule set in the billing and settlements timetable, theMarket Operatorshall pay to eachWESM memberin cleared funds the settlement amount if any) stated to be payable in thatWESM member’sfinal statement. xxx xxx xxx | |
| 1.17 | Clause 3.14.10.3 under Payment of Adjustments is amended to read - On the followingWorking Dayon which theMarket Operatoris to be paid under clause 3.14.10.2, theMarket Operatorshall pay to eachWESM Memberin cleared funds the net amount (if any) stated to be payable to thatWESM memberin the revised statement issued to it under clause 3.14.9. | |
| 1.18 | Glossary Chapter 11 is amended to read xxx xxx xxx Ex-Post Energy Settlement Quantity. The amount determined by theMarket Operatorin accordance with clause 3.13.6. xxx xxx xxx Working Day. A day (excluding Saturdays and Sundays) on which banks and financial institutions are open in the city nor municipality where the principal offices of theMarket Operatorare located. Non-Working Day. A day which is not aWorking Day. |
Section 2. Separability Clause.lf for any reason, any Section or provision of this Circular is declared unconstitutional or invalid, such parts not affected shall remain in full force and effect.
Section 3. Effectivity.This Circular shall take into effect immediately following its publication in at least two (2) newspapers of general circulation and shall remain in effect until otherwise revoked.
(SGD.) CARLOS JERICHO L. PETILLA
Secretary