{"id":1393,"date":"2018-08-02T14:21:52","date_gmt":"2018-08-02T14:21:52","guid":{"rendered":"https:\/\/mercadoernc.minenergia.cl\/?page_id=1393"},"modified":"2022-01-07T18:43:48","modified_gmt":"2022-01-07T18:43:48","slug":"2-2-spot-market-power-transfers","status":"publish","type":"page","link":"https:\/\/mercadoernc.minenergia.cl\/?page_id=1393&lang=en","title":{"rendered":"2.2 Spot market power transfers"},"content":{"rendered":"<p>[vc_row][vc_column width=\u00bb1\/4&#8243;][vc_tta_accordion active_section=\u00bb1&#8243; collapsible_all=\u00bbtrue\u00bb][vc_tta_section i_icon_fontawesome=\u00bbfa fa-plus\u00bb add_icon=\u00bbtrue\u00bb title=\u00bbAnnexes\u00bb tab_id=\u00bb1641580995480-cfcdfeba-ca0f\u00bb][vc_column_text]<\/p>\n<ul>\n<li style=\"text-align: left;\"><a href=\"https:\/\/mercadoernc.minenergia.cl\/?page_id=1387&amp;lang=en\">Annex 1: Regulatory Framework<\/a><\/li>\n<li style=\"text-align: left;\"><a href=\"https:\/\/mercadoernc.minenergia.cl\/?page_id=1392&amp;lang=en\">Annex 2: Market operation aspects<\/a><\/li>\n<li style=\"text-align: left;\"><a href=\"https:\/\/mercadoernc.minenergia.cl\/?page_id=1394&amp;lang=en\">Annex 3: Adequacy power<\/a><\/li>\n<li style=\"text-align: left;\"><a href=\"https:\/\/mercadoernc.minenergia.cl\/?page_id=1395&amp;lang=en\">Annex 4: Distributed Generation<\/a><\/li>\n<li style=\"text-align: left;\"><a href=\"https:\/\/mercadoernc.minenergia.cl\/?page_id=1401&amp;lang=en\">Annex 5: Information Platforms<\/a><\/li>\n<li style=\"text-align: left;\"><a href=\"https:\/\/mercadoernc.minenergia.cl\/?page_id=1402&amp;lang=en\">Annex 6: Glossary of Terms<\/a><\/li>\n<li style=\"text-align: left;\"><a href=\"https:\/\/mercadoernc.minenergia.cl\/?page_id=1403&amp;lang=en\">Annex 7: Links to the main laws, regulations and standards<\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][\/vc_column][vc_column width=\u00bb3\/4&#8243;][vc_column_text]<\/p>\n<h1>Annex 2.2 Spot market power transfers<\/h1>\n<p>In the wholesale market (See <a href=\"\/ernc\/en\/annex-6-glossary-of-terms\/\" target=\"_blank\" rel=\"noopener\">Annex 6<\/a>), according to contractual supply commitments, transfers of energy and power are made between generating companies. The energy is valued at the marginal cost of production, while the power is valued at the node price of the power.<\/p>\n<p>The price of power considers the calculation of the unit cost of the most economical unit to supply an additional power unit in the system, which usually corresponds to a gas turbine, etc. This price is known as the node price of power and is determined biannually by the CNE. Depending on the characteristics of its primary energy source, its forced failure rate, programmed outputs, and its joint contribution to the system, each power unit is given a power called adequacy power (See <a href=\"\/ernc\/en\/annex-3-adequacy-power-methodology-s-d-62\/\" target=\"_blank\" rel=\"noopener\">Annex 3<\/a>)\u00a0with which its power input is determined (sale of power). This type of mechanism is known in the international literature as \u00abpayment for administrative capacity\u00bb, since it is not the market that determines it, but it is an administrative body that evaluates and determines prices and quantities. In the case of Chile, the agencies are the CNE and the Coordinator of the system, respectively. Likewise, each generating company, according to its supply contracts and the behavior of these consumptions in conditions of peak demand, is responsible for purchasing power in the system.<\/p>\n<p>The surplus or loss of power position of a generation company will depend on the supply contracts that it has. As an example, a company that does not have supply contracts will always be in surplus in power transfers, since it has no declared obligations and these will not be deducted from its balance sheet.[\/vc_column_text][vc_row_inner][vc_column_inner width=\u00bb1\/2&#8243;][vc_btn title=\u00bbPrevious\u00bb color=\u00bbgreen\u00bb align=\u00bbleft\u00bb i_icon_fontawesome=\u00bbfa fa-chevron-left\u00bb add_icon=\u00bbtrue\u00bb link=\u00bburl:http%3A%2F%2Fmercadoernc.minenergia.cl%2F%3Fpage_id%3D1392%26lang%3Den|||\u00bb][\/vc_column_inner][vc_column_inner width=\u00bb1\/2&#8243;][vc_btn title=\u00bbNext\u00bb color=\u00bbgreen\u00bb align=\u00bbright\u00bb i_icon_fontawesome=\u00bbfa fa-chevron-right\u00bb add_icon=\u00bbtrue\u00bb link=\u00bburl:http%3A%2F%2Fmercadoernc.minenergia.cl%2F%3Fpage_id%3D1394%26lang%3Den|||\u00bb][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column width=\u00bb1\/4&#8243;][vc_tta_accordion active_section=\u00bb1&#8243; collapsible_all=\u00bbtrue\u00bb][vc_tta_section i_icon_fontawesome=\u00bbfa fa-plus\u00bb add_icon=\u00bbtrue\u00bb title=\u00bbAnnexes\u00bb tab_id=\u00bb1641580995480-cfcdfeba-ca0f\u00bb][vc_column_text] Annex 1: Regulatory Framework Annex 2: Market operation aspects Annex 3: Adequacy power Annex 4: Distributed Generation Annex 5: Information Platforms Annex 6: Glossary of Terms Annex 7: Links to the main laws, regulations and standards [\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][\/vc_column][vc_column width=\u00bb3\/4&#8243;][vc_column_text] Annex 2.2 Spot market power transfers In the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":1391,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1393","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=\/wp\/v2\/pages\/1393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1393"}],"version-history":[{"count":5,"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=\/wp\/v2\/pages\/1393\/revisions"}],"predecessor-version":[{"id":4371,"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=\/wp\/v2\/pages\/1393\/revisions\/4371"}],"up":[{"embeddable":true,"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=\/wp\/v2\/pages\/1391"}],"wp:attachment":[{"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}