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EMC Budget and Admin Fees
Fee Schedule for the Period From 1 July 2019 to 30 June 2020
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 32.28 cents/MWh from the market with effect from 1 July 2019 to 30 June 2020.
In accordance to the revenue regulatory framework, EMC will be collecting monies arising from the audited revenue adjustments in respect of the period 1 Apr 2018 to 30 Jun 2019 from the market participants with effect from 1 February 2020 to 30 June 2020. The total amount to be collected is as follows:
| Refund/ (Recovery) | |
|---|---|
| $ | |
| Exogenous items | (891,505.78) |
| Interest on NEMS bank accounts |
263,549.83 |
| Total revenue adjustment |
(627,955.95) |
Budget for FY2019/2020
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 27 May 2019, the Authority has approved the EMC's budget containing the requisite items.
