2014 Margin_Peak and Margin_Off-Peak Review - Assumptions
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2014 Margin_Peak and Margin_Off-Peak Review – Assumptions
Title: 2014 Margin_Peak and Margin_Off-Peak Review – Assumptions
Date First Published on the IMO Website: 3 October 2014
Closing Date: 5:00pm Friday 17 October 2014
Current Status: The consultation period has now closed.
Background: The Wholesale Electricity Market Rules (Market Rules) use Margin_Peak and Margin_Off-Peak values (margin values) in its settlement calculations to determine the amount the Independent Market Operator (IMO) is required to pay Verve Energy for Spinning Reserve Ancillary Services provided to the Wholesale Electricity Market (WEM).
The Market Rules require the Economic Regulation Authority (ERA) to determine values for Margin_Peak and Margin_Off-Peak for each financial year in accordance with the methodology set out in clause 3.13.3A(a). Under clause 3.13.3A(a) the IMO must submit a proposal for these values to the ERA by 30 November each year for the following financial year.
The IMO has engaged Jacobs Group to perform a review of the margin values for the 2015/16 financial year. Jacobs Group has prepared a draft Assumptions Report outlining the methodology and input assumptions proposed for this review. A modified version of this report, which excludes confidential Market Generator details, has been published for public consultation.
Documents relating to this consultation
Submissions received during the consultation period
Community Electricity [240kB]