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14 Cards in this Set
- Front
- Back
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5 SALIENT FEATURES OF WESM |
Gross Pool - All energy transactions – like the demand and supply of electricity – are scheduled through the market. This allows for all the power produced, supplied, and used to be accounted in the market. Locational Marginal Price- Marginal price is computed at each node or location to reflect transmission loss and/or congestion. Net Settlement - Bilateral contract quantities transacted in the pool are settled outside the market. Mandatory Market - Distribution utilities were mandated by law to procure at least 10% of their respective electricity requirements from the WESM for the first five years of its establishment. Entities directly connected to the grid are not allowed to inject or withdraw without registering in the WESM. Retail Competition and Open Access (RCOA) introduces retail competition to the power industry. Aggregators shall be allowed to supply electricity to end-users whose combined demand within a contiguous area is at least 750 kW. |
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GROSS POOL |
Gross Pool - All energy transactions – like the demand and supply of electricity – are scheduled through the market. This allows for all the power produced, supplied, and used to be accounted in the market. |
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LMP |
Locational Marginal Price- Marginal price is computed at each node or location to reflect transmission loss and/or congestion |
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NET SETTLEMENT |
Net Settlement - Bilateral contract quantities transacted in the pool are settled outside the market. |
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MANDATORY MARKET |
Mandatory Market - Distribution utilities were mandated by law to procure at least 10% of their respective electricity requirements from the WESM for the first five years of its establishment. Entities directly connected to the grid are not allowed to inject or withdraw without registering in the WESM. |
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RCOA |
Retail Competition and Open Access (RCOA) introduces retail competition to the power industry. Aggregators shall be allowed to supply electricity to end-users whose combined demand within a contiguous area is at least 750 kW. |
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MARKET INTERVENTION |
Market intervention by the System Operator when a grid or island grid is in extreme state condition arising from (a) an emergency (b) a threat to system security or (c) an event of force majeure. |
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MARKET SUSPENSION |
Market suspension - only the ERC may suspend the operation of the spot market or declare a temporary market failure in cases of a) natural calamities or b) following official declaration of a national and international security emergency by the President of the Philippines. |
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SPC |
The Secondary Price Cap is a price-mitigating mechanism imposed when there are persistent high market prices. When Rolling Average GWAP (RAGWAP, calculated over 3 days) breached the Cumulative Price Threshold (CPT equivalent to PhP9,000/MWh) at the said dispatch interval, the SPC (PhP6,245/MWh) shall be applied for the next dispatch interval. |
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RULES FOR THE INTERIM RELIABILITY PERFORMANCE INDICES, what is the standard allowable planned ? |
27.9 |
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RULES FOR THE INTERIM RELIABILITY PERFORMANCE INDICES, what is the standard allowable unplanned ? |
16.8 |
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DOE |
DOE is mandated to prepare, integrate, coordinate, supervise and control all plans, programs, projects and activities of the Government relative to energy exploration, development, utilization, distribution and conservation |
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ERC |
ERC is an independent, quasi-judicial and quasi-legislative regulatory body vested with broad regulatory and monitoring functions over the Philippine electric industry to ensure its successful restructuring and modernization, while, at the same time, promoting consumer interest. |
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NGCP |
NGCP is the sole transmission concessionaire in the country and is tasked to operate, maintain, and further expand the national power grid as part of the reform in the local power sector. |
