Gov’t prepares to launch reserve market on Dec. 26

By Alena Mae S. Flores – September 18, 2023, 7:50 pm
from manilastandard.net

The Department of Energy plans to start the full commercial operations of the reserve market on Dec. 26, 2023.

The reserve market allows for the trading of ancillary services or services that are necessary to support the transmission of capacity and energy from resources to loads, while maintaining the reliable operation of the transmission system.

It said in a draft circular the Independent Electricity Market Operator of the Philippines (IEMOP) would prepare the commercial operations of the reserve market. IEMOP operates the Wholesale Electricity Spot Market (WESM), the trading floor of electricity.

“The market operator is mandated to start the final preparations and the limited live dispatch operations of the reserve market, starting 26 September 2023 until 25 December 2023, unless otherwise lifted for subsequent full commercial operations,” the circular read.

It said IEMOP should conduct live parallel operations involving end-to-end testing among the system operator (National Grid Corp. of the Philippines) and registered ancillary service providers using a non-production system.

The DOE issued an advisory on June 26, 2023 declaring the implementation of the trial operations program of the reserve market until Sept. 26, 2023 in preparation for the commercial operations of the reserve market.

It said it was necessary to declare the start of commercial operation of the reserve market in the recommended phases set by IEMOP.