Yes, but it's not on the page that you linked to. To score points on abilities in the first or second official languages (OL) (English or French), you have to score the equivalent of Canadian Language Board 7 or greater (CLB 7). For the IELTS, that's approximately a 6 or better in any of the 4 ability areas. Because you have a 5.5 in Reading on your first test, it doesn't count, but the 7.0 in Speaking gives you a CLB 9 and 6 points. Unfortunately, that's not enough to counteract the Reading score so you end with a total of 15 points. You score more points using Test2: 17 points.
The actual breakdown of the point equivalencies is here:
First official language (Maximum 24 points)
CLB Level Speaking Listening Reading Writing Points per ability
7 6.0 6.0 – 7.0 6.0 6.0 4
8 6.5 7.5 6.5 6.5 5
9 and above 7.0 – 9.0 8.0 – 9.0 7.0 – 9.0 7.0 – 9.0 6
If you also spoke French as designated it as your first OL, then you would only need to meet CLB 5, and the IELTS values could be 5 or greater, but you max out points at 16 because you can only score 4 points per ability.