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Administered pricing during market suspension
In the event that the real-time and procurement markets are suspended, Section 1.2.5 of Chapter 6 of the Market Rules provides that all market participants shall be settled for physical services injected onto and withdrawn from the transmission system. The prices used for this settlement may be calculated using a methodology determined by the EMA in consultation with EMC and the PSO. Section 1.2.5A of Chapter 6 further requires that EMC publishes the methodology provided by the EMA. The methodology was provided by the EMA for publication on 1 October 2003.
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