A TRIAL run on the implementation of a power reserves market, which is meant to boost the country’s ancillary services , will be conducted next year, an official of the Department of Energy said last week.
“By next year, the trial run of the reserve market will begin. It’s a chicken-and-egg situation. We don’t have enough ancillary service because we still don’t have the reserve market and that’s because there is not enough ancillary service. So now, we will start next year and the hope is that we will encourage more ancillary services to come in,” said DOE Undersecretary Rowena Cristina Guevara said.
According to the agency, the reserve market allows for the trading of AS necessary to support the transmission of capacity and energy from resources to loads, while maintaining the reliable operation of the transmission system. The Independent Electricity Market Operator of the Philippines earlier said that preparations for the launch of reserve market are already taking place.
To help the DOE steer the implementation of the reserve market, IEMOP has kicked off the reserve market mock operations program, which aims to enable market participants to have a feel of the market environment by allowing them to perform their expected roles and responsibilities upon commercial operations of the reserve market.