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advisories & notices

Advisories & Notices
REM ADVISORY: January 2018 Renewable Energy Certificates (RECs) Validation
Tue, 15 Jun 2021

Dear REM Participants:

 

Good day!

We thank all those who have already submitted their REC Validation Forms for January 2018.

To provide REM Participants more time to validate RECs issued to them, the submission of REC Validation Forms is further extended until 21 June 2021.

Kindly refer to Table 1 below for the updated REC Validation Schedule for the January 2018 Billing Period:

Table 1. Updated REC Validation Schedule

Schedule

Activities

24 May – 20 June 2021

Participants’ Validation of issued RECs

21 June 2021, 5PM

Deadline for submission of Validation Forms via SFTP or email at reregistrar@wesm.ph.

Please note that non-submission of the REC Validation Form on the deadline indicated here shall be considered as confirmation of the RECs issued to your company/organization for the subject billing period, per DOE directive.

Within 21 – 30 June 2021

RE Registrar will notify Participants via email that the RECs issued for the subject billing month are final or, as applicable, will be adjusted in the next REC issuance.

Also, please be reminded of the following information to further clarify the responsibilities for validating and submitting the accomplished REC Validation Form for the RECs issued per compliance mechanism.

Table 2. Compliance Mechanism- Submission of REC Validation Form

Compliance Mechanism

Data

Who Needs to Validate and Submit the REC Validation Form? 

FIT RE Generation Allocation

1. Customer Metered Quantity (MQ);

2. FIT-All Payment;

3. FIT-Eligible MQ; and

4. Bilateral Contract Quantities of Generators with Directly Connected Customers

The following REM Mandated Participants with Metered Quantities for January 2018:

1. Distribution Utilities 

2. Retail Electricity Suppliers (RES); 

3. Local RES;

All Generating Companies with Bilateral Contract Quantities with Directly Connected Customers (DCC) in January 2018. 

Power Supply Agreement with Eligible RE Facility

1. Eligible RE Facility MQ; and

2. Bilateral Contract Quantities

Participant Counterparties

Please note that the issued RECs under PSA with Eligible RE Facility is not necessarily equivalent to Counterparties’ BCQ as reflected in the PREMS’ BCQ Module.

The following factors are considered in the REC allocation:

1. Total MQ of the RPS Eligible Facility

2. Total BCQ of the RPS Eligible Facility which requires prorating if the Total BCQ> Total MQ

3. Eligible MQ of the facility for those partially RPS eligible facilities

Please refer to sample scenarios (Nos.3-6) in the REC Validation Guide for further clarification.

Others (WESM transaction of eligible non-FIT RE facilities)

Eligible RE Facility MQ

For cases when MQ>BCQ, Eligible RE Generator Participant 

Kindly log-in to your respective PREMS account https://online.prems.pemc.ph/ to view and verify the above data.

In addition, kindly access your SFTP account at https://180.232.127.58/ to download the following pertinent documents:

  1. REC Validation Form
  2. REC Manual Computation Template_Jan2018
  3. REM Work Instruction for the Use of SFTP

After accomplishing the REC Validation Form, the file should be uploaded thru this SFTP link: https://180.232.127.59

For your reference in validating your issued RECs, you may also view/download the following documents via the PEMC website thru these links PREMS | Philippine Electricity Market Corporation (wesm.ph) and RE Certificate Validation Process | Philippine Electricity Market Corporation (wesm.ph):

1. PREMS User Manual;

2. REC Validation Guide;

3. REC Validation Template; and

4. SFTP Work Instruction

 

Should you have concerns or questions regarding this advisory, please send an email to reregistrar@wesm.ph or contact the following REM Specialists:

Membership Category

RER Personnel In- Charge

Contact Number

DUs and RES

Ms. Marie Liezelle E. Macabenta

0939 927 7404

REM Generators and Generators serving DCCs

Mr. Marlo S. Delizo

Mr. Aldrin W. Reyes

0936 304 2117

0949 452 7743

You may download a copy of this advisory on this link.

Thank you.

© Philippine Electricity Market Corporation 2019