Type: Standard Rule Change Process
Submitter: IMO
Title: Changing the Window of Entry into the Reserve Capacity Market
Market Rules Affected: 4.1.26, and 4.11.1
Date Submitted: 04 March 2009
Date First Published on the IMO Website: 13 March 2009
Current Status: The Amending Rules commenced on 01 December 2009
| Event | Date | Comments |
|---|---|---|
| Notification Published | 13/03/2009 | |
| First Submission period | 13/03/2009 – 24/04/2009 | The submission period is 6 weeks from the date the IMO published the notification |
| Draft Report published | 19/06/2009 | This period was extended in accordance with the notice of extension published 22 May 2009. |
| Second submission period | 22/06/2009 – 17/07/2009 | The submission period is 20 B-Days from the date the IMO published the Draft Report |
| Final Report Published | 07/08/2009 | Must be published within 20 B-Days after the end of the second submission period |
| Rule Commencement | 01/12/2009 |
Submissions received during the first submission period
Notice under Clause 2.5.12
22 May 2009
In accordance with clause 2.5.10 of the Market Rules, the IMO has extended the timeframe for preparing the Draft Rule Change Report for the Rule Change Proposal titled " Extending the Window of Entry into the Reserve Capacity Market" (Ref: RC_2009_11). The end date for preparing the Draft Rule Change Report is extended until Friday 19 June 2009. As a consequence of this extension, the remaining timelines for processing the proposal have been adjusted as follows:
- Second Submission Period 22 June - 17July 2009
- Final Report Published 07 August 2009
Reason for the extension
During the first submission period a number of important points were raised which require further analysis. The period for preparing the Draft Rule Change Report needs to be extended to allow the IMO sufficient time to complete its analysis of the proposal and address the queries raised.
Views from Rule Participants consulted on the extension
When deciding to extend the submission period, the IMO did not consult with any Rule Participants on the extension.
Proposed Work Programme
- undertake further analysis of the proposal
- IMO prepare and publish the Draft Rule Change Report
- Interested parties make submissions on the Draft Rule Change Report during the second public submission period for the Rule Change Proposal
- IMO present the outcomes and its decision in the Final Rule Change Report
