DC2022-12-0039

Full title: Declaring the Commercial Operation of the Wholesale Electricity Spot Market (WESM) in the Mindanao Grid

Issued: December 2022 | By: Secretary Raphael P.M. Lotilla

Key Provisions

Declares 26 January 2023 as COD of WESM Mindanao; 69/101 expected participants registered at launch [DC2022-12-0039, §1 + Preamble, 2022-12]
Separate settlement: Until MVIP energization, Mindanao settlement is separate from Luzon/Visayas [DC2022-12-0039, §7, 2022-12]
PR relaxation: Prudential Requirements relaxed for first 3 billing months (deadline 25 April 2023); unable to post by deadline → downgrade to Indirect Membership [DC2022-12-0039, §5, 2022-12]
DCS relaxation: Dispatch Conformance Standards relaxed for first 3 billing months; ECO monitors for evaluation [DC2022-12-0039, §6, 2022-12]
FIT RESA termination: FIT generators’ RESAs with DUs automatically terminated upon COD [DC2022-12-0039, §9, 2022-12]
LASURECO/MAGELCO (§8.2): PSALM designated as Direct WESM Member Counterparty for 1 year (to 26 Jan 2024); all energy from Agus 1&2 HEPPs (Bangsamoro) allocated to these ECs as bilateral contract quantity; arrangement ended 26 January 2024

Updated: Wholesale Electricity Spot Market (WESM) (expanded WESM Mindanao Launch section with LASURECO/MAGELCO arrangements, FIT RESA termination, separate settlement rule; added DC2022-12-0039 to sources)
Updated: meta/sources-index.md
Updated: meta/ocr-queue.md