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 3.3.1.10. 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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Please submit comments to:

Director Mylene C. Capongcol : [email protected] or [email protected]
Assistant Director Irma C. Exconde : [email protected]
Thelma B. Ejercito : [email protected]
Eduardo B. Fernandez : [email protected]
Rodel S. Limbaga - [email protected]
Marc Venson D. Chua - [email protected]

Deadline for submission of comments is not later than 5pm of 18 September 2013.