‘Republic of the Philippi: DEPARTMENT OF ENERGY DEPARTMENT CIRCULAR NO, PC20i8 of 001! m ADOPTING FURTHER AMENDMENTS TO THE WHOLESALE ELECTRICITY SPOT MARKET (WESM) MARKET MANUAL ON MARKET OPERATOR INFORMATION DISCLOSURE AND CONFIDENTIALITY FOR THE IMPLEMENTATION OF ENHANCEMENTS TO WESM DESIGN AND OPERATIONS WHEREAS, Sections 30 and 37(f) of the Electric Power Industry Reform Act (EPIRA} provides that the DOE, jointly with the electric power industry participants, shal establish the Wholesale Electricity Spot Market (WESM) and formulate the detailed rules governing the operations thereof: WHEREAS, on 28 June 2062, the DOE. with the endorsement of the electric power industry participants, promulgated the WESM Rules through Department Gircular Ne DC2002-06-003: WHEREAS, any changes, amendments, and modifications ta the WESM Rules including its Market Manuals shall be undertaken in accordance with the provisions of Chapter 8 thereof : WHEREAS, on 11 April 2017, the Philippine Electricity Market Corporation (PEMC) submitted and presented to the Rules Change Committee (RCC) the Proposed Amendments to the Market Operator Information Disclosure and Confidentiality Manual for the Implementation of WESM Design Enhancements; WHEREAS, the PEMC’s proposal to amend the said Market Manual aims to provide changes in the publication of market information classification, categories and requirements for the implementation of the new market features as provided under the DOE policies on enhancements to market design and operations and the amended WESM Rules for the New Market Management System (NMMS) through Department Girculars Ne. 9C2015-10-0015 and No. DC2016-10-0014, respectively: WHEREAS, the RCC, during its 128” RCC Meeting on 11 April 2017, approved the publication of the sai¢ PEMC’s proposal in the WESM website to solicit comments from market participants and other interested parties: WHEREAS, on 09 June 2017, the RCC during its 130" ROG Meeting deliberated on the said proposal giving due course io the comments and recommendations received from market participants, Market Surveillance Committee, Technical Committee, and the DOE; icin Cobal Cry, Taguig Gay, Nate Mania. Preece 256; BAD-2087 (Domest) BA? A021 73 630-540-7228: BI0-OHO.INRT Energy Cant Fisal Dive “ole. (Thin) 840-140 Io, Fax B4O-SO67. BAWHEREAS, on 07 July 2017, the RCC during its 131" RGC Meeting further deliberated on the comments received, and i finalized and approved the said proposal for endorsement to the PEM Board; WHEREAS, 09 26 October 2017, afier due evaluation and deliberation, the PEM Board during its 12” PEM Board Meeting approved for endorsement to the DOE the above stated ROC proposal: WHEREAS, on 08 November 2017, the PEM Board-approved amendments to the WESM Market Manual on Market Operator Information Disclosure and Confidentiality was submitted to the DOE for final approval, in compliance with Chapter 8 of the WESM Rules WHEREAS, the DOE reviewed the said PEM Board-approved proposal, and deemed it consistent with the objectives of the WESM and the DOE policies on the enhancements of WESM design and operations NOW THEREFORE, pursuant to its authority under the EPIRA and the WESM Rules, the DOE hereby adopis, issues, and promuigates the following amendments to the WESM Market Manual for the implementation of enhancements to WESM design ang operations: Section 1, Amendments to the Market Operator Information Disclosure and Confidentiality Manual. The fallowing provisions in the Market Operator information Disclosure and Confidentiality Manual are hereby amended’ (a) Section 3-entitled Definitions is amended to read as. - “SECTION 3 DEFINITIONS, REFERENCES, AND INTERPRETATION 3.1 Definitions. 3.1.1, Unless otherwise defined, the terms used in this Market Manual which are defined in the WESM Rules and Market Manuals shall bear the same meaning as defined in the WESM Rules and Market Manuals, 3.1.2. The following words and phrases as used in this Market Manual shall have the following meaning: a, Disclose means to directly or indirestly reveal. distribute report. publish or athenwise transfer information to any party other than to the party that onginally provided the information b. Disclosing Perty is the party that owns, furnishes or provides confidential information. ©. Market information means any information in written, oral, electronic or ‘other form that is furnished to or received by or produced or provided by the Market Operator in the course of or arsing from its operations of the WESM that is related to markel transactions including but nat limited 10 forecasting, projections, scheduling, pricing and dispatch of electricity, and to the metering and settlements of market transactions. TE, Adopling Furher Amendments wo te Whoasaie Excnaty Spot Mamet (WESI) Maciat Mafia 6 Market Cpevaune Information Disclosu-ane Cont deetalty far the Implementation of Enbancermerts fe WESM Design ard Operations 2h¢. Market Transaction means the sale or purchase of electricity or other services made through the spot market @. Recipient is the party that receives confidential information.” 3.2. References This Market Manual shall be read in association with the WESM Rules and other relevant Market Manuals, 3.3. Interpretation 3.3.1 Any reference to a clause in any section of this Market Manual shall refer to the particular clause of the same section in which the reference is made, unless otherwise specified or the cantext provides otherwise. 3.3.2 Where there is @ discrepancy or conflict between this Market Manual and the WESM Rules, the WESM Rules shall prevail. 3.3.3 Standards and policies appended to, or referenced in, this Market ‘Manual shall provide a supporting framework.” (b) Griginal Section 4.1 (Definit hereby deleted. Nn) under Convidential or Protected Information is (c) Original Section 4.2 under Confidential or Protected Information is renumbered to read as — 4.1 Criteria for confidentiality Oot soo vox’ (a) Original Section 4,3 under Confidential er Protected information is renumbered and amended accordingly to read as = “4.2 Information considered as confidential ‘Without limiting the generalhy of the foregoing definition and criteria and subject to permitted disclosures set forth in the WESM Rules and in this ‘Manual, the following market information shall be considered confidential; 4. bids and offers information identifiable to a specific Trading Participant or WESM member, b. energy and reserve dispatch projections and schedules identifiable to a specific Trading Participant or WESM member. ©. dispatch instruction identifiable to a specific Trading Participant or WESM member; 4. transmission network data or information provided and classified by the System Operator as confidential information: e. metering installation information identifiable to a specific Trading Participant; DE__— Raging Faster Anenonons w be Wroksae Beane) Spot Mame (VESHN Maimat Manuals oF Merket Gveretor inlarmation Disclosure and Confdantalty for thw Implementation af Enhencements te WESM Gesign and Gperations a8