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EMC Budget and Admin Fees

Revised Fee Schedule for the Period From 1 April 2018 to 30 June 2019

EMC Fixed Fees

With effect from 1 July 2018
Market Participant (“MP”) Fee* $10,000 per MP (annual)
MP Registration Fee $5,000 per registration (one-off)
RSA Hardware Token Fee  $350 per token (once every 3 years from 6th token onwards per MP)

$110 per token (replacement fee for lost or  damaged token)

*Waived for MPs with only Non-exporting Embedded Intermittent Generation Facilities

EMC Admin Fee

As determined by the EMA on 27 March 2018, EMC will be recovering 30.16 cents/MWh from the market with effect from 1 April 2018 to 30 June 2019.

In accordance to the revenue regulatory framework, EMC will be collecting monies arising from the audited revenue adjustments in respect of the period 1 July 2017 to 31 March 2018 from the market participants from 1 November 2018 to 30 June 2019. The amount collectable is as follows:

       Refund/ (Recovery)
 

                $

Depreciation adjustment           254,292.71
Exogenous items          (604,372.16)  
Interest on NEMS bank accounts            140,791.01
Total revenue adjustments collectable          (209,288.44)

Budget for FY2018/2019

Under the Market Rules Chapter 2 Section 11.1.6, EMC is required to publish its proposed expenditure, revenue and schedule of fees as soon as reasonably practicable following the receipt of the Energy Market Authority's approval. On 06 June 2018, the Authority has approved the EMC's budget containing the requisite items.

Budget for FY2019/2020

Under the Market Rules Chapter 2 Section 10.1.1.2, EMC is required to publish its proposed expenditure, revenue and schedule of fees at least 100 days before the commencement of the new financial year and to invite interested persons to make submissions to the Rules Change Panel (RCP). Any interested party who has any comments on the EMC budget can write to budget@emcsg.com. The EMC's budget and schedule of fees for FY2019/2020 is attached.