Newsletter-21

300 NEWSLETTER 2016 Records and Energy Generation Estimations Within the Scope of YEKDEM In accordance with Art. 9 of the YEKDEM Regulation, the Mar- ket Operator shall embody a YEKDEM portfolio in order to perform operations envisaged under the relevant legislation, with the aim to reconcile energy within the scope of YEKDEM. Power supply/draw units constituting the basis of reconciliation and electricity meters within the scope of the legislation governing the balancing and rec- onciliation operations of the licensed generation facilities set forth in the final YEK list, shall be recorded in the YEK portfolio. Power sup- ply/draw units constituting the basis of reconciliation and electricity meters of the unlicensed electricity generation facilities shall also be recorded in the YEKDEM portfolio on behalf of their affiliated supply companies. Article 10 of the YEKDEM Regulation introduces a notifica- tion obligation for market participants. According to such provision, generation license beneficiary market participants and the supply companies shall respectively be obliged to inform the National Load Dispatch Center (“LLDC”) 4 of their hourly generation estimations and their hourly exempt generation estimations (including the amounts generated by the unlicensed electricity generator market participants) at exactly 09:00 a.m. of the prior day. Every day, the LLDC shall evaluate such estimations and shall make new hourly generation estimations predicated on the units that constitute the basis of reconciliation. Within the same day, the LLDC shall provide such estimations to the Market Operator no later than 10:30 a.m. The Market Operator shall then publish the final estima- tions by 11:00 a.m. As per Article 11 of the YEKDEM Regulation, the estimated amount of generated energy that is provided by the LLDC, and which is deemed to be purchased by the suppliers, shall be report- ed to the day-ahead electricity market, by 11:30 a.m., in order to be considered as an offer that is independent of the energy market prices. 4 National Load Dispatch Center is the center incorporated within the body of TEIAS and is responsible of system operation and real-time stabilization of sup- ply and demand of electricity energy.