News Formal

DOE targets full commercial ops of electricity market’s ancillary services trading by Dec. ’23

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 59%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

THE Department of Energy (DOE) is targeting the full commercial operation of the trading of ancillary services or power reserves at the electricity market in December. In a draft circular released Saturday, the agency said the Independent Electricity Market Operator of the Philippines (IEMOP), operator of the Wholesale Electricity Spot…

THE Department of Energy is targeting the full commercial operation of the trading of ancillary services or power reserves at the electricity market in December.

“Starting December 26, 2023, the market operator shall implement the full commercial operation of the RM, wherein the co-optimized energy and reserve schedules, including their associated prices generated by the market dispatch-optimization model, shall be financially binding,” the draft circular stated.

The RM is the venue for trading of ancillary services or power reserves meant to support the power transmission system. Last Friday, the ERC granted preliminary approval to the joint application of the Independent Electricity Market Operator of the Philippines and the Philippine Electricity Market Corp. for the PDM, as well as for the implementation of the co-optimized energy and RM.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 19. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Gov’t prepares to launch reserve market on Dec. 26The Department of Energy plans to start the full commercial operations of the reserve market on Dec. 26, 2023. The
출처: MlaStandard - 🏆 20. / 55 더 많은 것을 읽으십시오 »