- Home
- Market Rules
- Issues
NPRR834
Summary
| Title | Clarifications for Repossessions of CRRs by ERCOT |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 12/12/2017 |
| Effective Dates |
01/01/2018
|
Action
| Date | Gov Body | Action Taken | Next steps |
|---|---|---|---|
| 12/12/2017 | BOARD | Approved | |
| 11/30/2017 | TAC | Recommended for Approval | Revision Request Consideration |
| 11/09/2017 | PRS | Recommended for Approval | Revision Request Consideration |
| 10/12/2017 | PRS | Recommended for Approval | Impact Analysis Consideration |
| 07/20/2017 | PRS | Deferred/Tabled | Language Consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 12/12/2017 | BOARD | Approved NPRR834 as recommended by TAC in the 11/30/17 TAC Report. | Passed |
| 11/30/2017 | TAC | To recommend approval of NPRR834 as recommended by PRS in the 11/9/17 PRS Report. | Passed |
| 11/09/2017 | PRS | To endorse and forward to TAC the 10/12/17 PRS Report as amended by the 10/31/17 ERCOT comments and the Impact Analysis for NPRR834. | Passed |
| 10/12/2017 | PRS | To recommend approval of NPRR834 as amended by the 8/8/17 ERCOT comments. | Passed |
| 07/20/2017 | PRS | To table NPRR834 and refer the issue to WMS. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Jun 7, 2017 |
| Sponsor: | ERCOT |
| Urgent: | No |
| Sections: | 7.5.3.1, 7.5.5.3, 16.11.6.1.4, 16.11.6.1.5, |
| Description: | This Nodal Protocol Revision Request (NPRR) clarifies processes associated with repossession of Congestion Revenue Rights (CRRs) by ERCOT in circumstances where there has been a Payment Breach or other Default by a Market Participant by: 1. Specifying data transparency requirements; 2. Documenting the disposition of auction revenue funds in excess of amounts owed to ERCOT by the Market Participant; 3. Clarifying that the one-time auction bids must be positive; and allowing immediate transfer of ownership of CRRs to the winning bidder in a one-time CRR auction if this is necessary to ensure the correctness of the inventory for subsequent CRR auctions. |
| Reason: | Addresses current operational issues. Market efficiencies or enhancements. |
Key Documents
Jun 7, 2017 - doc - 123 KB
Jun 7, 2017 - doc - 55.5 KB
Jul 24, 2017 - doc - 113 KB
Aug 3, 2017 - doc - 40.5 KB
Aug 8, 2017 - doc - 74.5 KB
Sep 27, 2017 - doc - 40.5 KB
Oct 18, 2017 - doc - 115.5 KB
Oct 19, 2017 - doc - 95 KB
Oct 31, 2017 - doc - 87.5 KB
Nov 10, 2017 - doc - 137.5 KB
Nov 30, 2017 - doc - 140.5 KB
Dec 12, 2017 - doc - 141 KB