Certification of Reserve Capacity
Each year, all facilities wanting to apply for capacity credits in the Reserve Capacity Mechanism must apply for Certification of Reserve Capacity. The certification process is designed to ensure that any facility assigned capacity credits can meet their obligations and provide the capacity when it is required. All capacity within the Reserve Capacity Mechanism is referenced to operation at 41 degrees Celsius. Other factors considered when certifying a facility for reserve capacity include availability of fuel source and any other limitations that may impede the likelihood that the capacity will be available when it is required.
Details on the process of applying for Certified Reserve Capacity can be found in the relevant Market Procedure here.
Project proponents may apply to the IMO for Conditional Certified Reserve Capacity. This application is made in the case where the proponent wishes to receive certification earlier than is required for the normal certification of Reserve Capacity. Applications for Conditional Certified Reserve Capacity are subject to a processing fee.
In order to clarify some of the provisions relating to the Reserve Capacity Mechanism the IMO has published the following note regarding Certified Reserve Capacity and the Bilateral Trade Process.
Note on Certified Reserve Capacity
Certified Reserve Capacity Note [1.4MB]
Information for Applicants
Information for Applicants [1.4MB]
Certification of Reserve Capacity for Intermittent Generators
The Market Rules provide for the Certification of Reserve Capacity in respect of Intermittent Generators. If the Intermittent Generator is yet to enter service, the Certified Reserve Capacity estimate must be contained in a report provided by an independent expert accredited by the IMO (see Market Rule 4.11.1(e)). The IMO has accredited the following independent experts to prepare reports:
| Organisation: | Contact: | Phone: | Fax: | Fax: |
|---|---|---|---|---|
| EMET Consultants Pty Ltd | Stephen Pupilli, Managing Director | (08) 9755 1000 | (08) 9478 6424 | steve@emet.com.au |
| Energetics Pty Ltd | Anil Khushalani, Senior Consultant | (03) 9691 5503 | (03) 9602 5599 | khushalania@energetics.com.au |
| GHD Black & Veatch Pty Ltd | Neville Horner, Manager | (08) 9429 6628 | (08) 9323 9908 | nhorner@ghd.com.au |
| KEMA Consulting | Dan Candotti, Manager Business Development | (02) 9241 3309 | (02) 9241 3998 | dan.candotti@kema.com |
| McLennan Magasanik Associates | Ross Gawler, Director | (03) 9699 3977 | (03) 9690 4706 | r.gawler@mmassociates.com.au |
| Garrad Hassan Pacific Pty Limited | Graham White | (03) 9370 2500 | (03) 9370 2100 | white@garradhassan.com.au |
| Parsons Brinckerhoff Australia | Nadia Yousif | (03) 9861 1218 | (03) 9861 1144 | nyousif@pb.com.au |
| Senergy Econnect Australia | Andrew Jones, Business Development Manager | (03) 8628 9200 | (03) 8628 9299 | andrew.jones@senergyworld.com |
Reserve Capacity Security
Reserve Capacity Security must be provided for all facilities that are either proposed or under construction if they have been assigned capacity credits. Reserve Capacity Security can be provided in the form of a guarantee, a bank undertaking or in the form of a cash Security Deposit and is set at 25% of the Maximum Reserve Capacity Price for each capacity credit assigned to the facility.
Details surrounding acceptable forms of Reserve Capacity Security can be found in clause 4.13.5 of the Market Rules. Further details on Security Deposits can be found here.