consider the projected capacity demand of each generation company operating in synchronism with the relevant system1.
During the first month of the year following the year of calculation, the DO of the relevant CDEC must update the preliminary calculation and prepare a definitive balance in order to adjust and correct any projections that were not actually observed during the year of calculation.
The differences that arise between the payments determined by the definitive calculation and the payments executed by the preliminary calculation will cause a reliquidation.
1 For instance, the preliminary balance for year 2017 must be made and inform by the DO of the relevant CDEC in December 2016.
AUTHORS: Juan Francisco Mackenna, José Miguel Bustamante, José Tomás Hurley.
