№ files_lp_4_process_1_23065
Formal request document detailing proposed amendments to the WESM Price Determination Methodology and Billing and Settlement manuals to grant additional compensation to Trading Participants whose generating units were impacted by pricing errors and market re-runs.
Year: 2022
Region / City: Pasig City, Philippines
Subject: Electricity Market Rules Amendments
Document Type: Request for Rule Change
Organization: Philippine Electricity Market Corporation
Proponent: Panasia Energy Inc.
Author: Antonio O. Mercado
Position: Tariff and Regulatory Affairs Manager
Target Audience: Trading Participants of WESM
Relevant Period: Dispatch intervals affected by pricing errors in WESM
Date Received: 10 January 2022
Sections Amended: Price Determination Methodology Manual Section 8.3; Billing and Settlement Manual Sections 10.1, 10.2, 10.3
Reason for Amendment: Additional compensation for Trading Participants affected by pricing errors and market re-runs
Urgency: Not specified
Price: 8 / 10 USD
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