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EMC Budget and Admin Fees

Recovery of Admin Fees in FY2017/2018

Under a price cap regime as determined by the EMA on 13 March 2013 and revised on 1 November 2014, EMC will be recovering 24.50 cents/MWh from the market with effect from 1 July 2017 to 31 March 2018.

In accordance to the revenue regulatory framework, EMC will be collecting monies arising from the audited revenue adjustments of FY2016/2017 from the market participants with effect from 1 September 2017 to 31 March 2018. The total amount collectable is as follows:

  

Refund/(Recovery)

                  $
Depreciation adjustment          (348,606.13)
Exogenous items          (657,420.40)
Interest on NEMS bank accounts             59,966.84
Total revenue adjustments collectable          (946,059.69)

Budget for FY2017/2018

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 26 May 2017, the Authority has approved the EMC's budget containing the requisite items.