Page 12 - Electricity Market Annual Report 2019-2020
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Electricity Market Annual Report 2019-2020 11
This is notable that the mandatory regulations prohibit capacity withholding. IREMA drives
a single side auction, so the purchase curve only shows the total demand per hour. IGMC is
rdeaiisynsp. orGtenhessenpibneolreenaxsltltoiybd,fltaiehnyedt.osGtehflieelnencrdeshrteaaharleeplyecps,hattiehdsaoepflouseretsilottlhenseroifsrlouaretrnimeoernepgeafytioidnprgrfmootdhreueetchthtieinooiugrnretlbhynyeeetrnhhgeoeyriugrpryorlyofdfdeeemrunecedatnripgodryniicndbeesythmatenhadneniedorxnt
thoefoftehreerdhparnicdetsheanbduyoenrsthareeocthhaerrgehdanbdy tthhee ebnueyregrysaavreeracgheaprgriecde abtyetahceh ehnoeurrg. y average
price at each hour.
Figure 4: Spot Market Process
Security Constraint Unit Commitment (SCUC)
Maintenance Price Offer Energy Trades in Fuel Technical
Programs and for Energy PEX and Bi-lateral Forecast Specification
Generation
Limitations Contracts on
Generators
Figure 5: SCUC Process
Settlement
All trades are settled according to a monthly settlement schedule. For the purpose
of financial settlement.
Payments to Sellers
Capacity Payment
To all the units ready to produce Energy
Based on available capacity, not used capacity
Motivational factor for being available during peak hours (Capacity
Payment Factor (CPF))
7 
