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NPRR1024

Summary

Title Determination of Significance with Respect to Price Correction
Next Group
Next Step
Status Approved on 02/09/2021
Effective Dates
04/01/2021

Action

Date Gov Body Action Taken Next steps
02/09/2021 BOARD Approved
01/27/2021 TAC Recommended for Approval Revision Request Consideration
01/14/2021 PRS Recommended for Approval Revision Request Consideration
12/10/2020 PRS Recommended for Approval Impact Analysis Consideration
06/11/2020 PRS Deferred/Tabled Language Consideration

Voting Record

Date Gov Body Motion Result
02/09/2021 BOARD to approve NPRR1024 as recommended by TAC in the 1/27/21 TAC Report Passed
01/27/2021 TAC to recommend approval of NPRR1024 as recommended by PRS in the 1/14/21 PRS Report as amended by the 1/25/21 ERCOT comments Passed
01/14/2021 PRS to endorse and forward to TAC the 12/10/20 PRS Report and Impact Analysis for NPRR1024 Passed
12/10/2020 PRS to recommend approval of NPRR1024 as amended by the 11/9/20 ERCOT comments Passed
06/11/2020 PRS to table NPRR1024 and refer the issue to WMS Passed

Background

Status: Approved
Date Posted: May 27, 2020
Sponsor: ERCOT
Urgent: No
Sections: 4.5.3 and 6.3
Description: This Nodal Protocol Revision Request (NPRR) gives ERCOT the authority to consider significance in determining whether to perform a price correction for the Day-Ahead Market (DAM) or Real-Time Market (RTM). Specifically, this NPRR introduces metrics for determining when ERCOT will perform a price correction or request ERCOT Board of Director (Board) approval for a price correction.
Reason:

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