This discussion paper was prepared to provide a reference on the methodology and analysis behind the proposed IMEM Offer Cap as set forth in the IMEM Rules.
I. The IMEM Offer Cap
The Offer Cap for the Interim Mindanao Electricity Market (IMEM) is set pursuant to IMEM Rules Clause 126.96.36.199. The aforementioned clause provides that the "Offer Price [of an IMEM Resource] shall not be greater than any limit that may be agreed upon by the DOE, the ERC, and the IMEM Operator".
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Deadline for submission of comments is not later than 5pm of 18 September 2013.