The regulator will conduct a series of hearings on the proposed PDM between March and April.
In essence, the PDM spells out the pricing mechanism and settlement for the trading of power reserves or ancillary services in the WESM. If approved, this would amend the previously approved pricing mechanism to incorporate provisions relevant to trading reserves, specifically reserve pricing and settlement.
A single buyer system shall be implemented for procuring ancillary services through the reserve market or procurement agreements, according to the DOE circular.
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