Market Information System Grid and Market Conditions

NPRR1074

Summary

Title: “mp” Definition Revision
Next Group:
Next Step:
Status: Approved on 06/08/2021
Effective Date: 06/09/2021

Action

Date Gov Body Action Taken Next Steps
06/08/2021 Board of Directors Approved
05/26/2021 TAC Recommended for Approval Board for consideration
04/28/2021 TAC Deferred/Tabled TAC for consideration
04/15/2021 PRS Recommended for Approval TAC for consideration

Voting Record

Date Gov Body Motion Result
06/08/2021 Board of Directors To approve NPRR1074 as recommended by TAC in the 5/26/21 TAC Report Passed
05/26/2021 TAC To recommend approval of NPRR1074 as recommended by PRS in the 4/15/21 PRS Report as amended by the 4/21/21 ERCOT comments, and the Impact Analysis for NPRR1074, with a recommended effective date of upon ERCOT Board approval Passed
04/28/2021 TAC To table NPRR1074 Passed
04/15/2021 PRS To grant NPRR1074 Urgent status; to recommend approval of NPRR1074 as submitted; and to forward to TAC NPRR1074 Passed

Vote tallies here reflect individual votes, not the weight of the votes by market segment. Affirmative votes are not recorded in these vote tallies. For additional details on the voting record, please consult the Recommendation or Action Report, or the official vote tally if available, as posted in the key documents.

Background

Status: Approved
Date Posted: 04/06/2021
Sponsor: Morgan Stanley Capital Group, Inc.
Urgent: Yes
Sections: 9.19.1
Description: This Nodal Protocol Revision Request (NPRR) changes the definition of “mp” in the credit default allocation calculations by changing “non-defaulting” to specify that the Market Participant has MWh activity in the reference month and is a currently-registered Qualified Scheduling Entity (QSE) or Congestion Revenue Right (CRR) Account Holder or voluntarily terminated its QSE or CRR Account Holder registration.
Reason: The original language contemplated that only non-defaulting parties would be left to be invoiced for the default. This change notes that some Entities still exist that have defaulted and should still be assigned a share of a default.

Key Documents