NPRR847

Summary

Title: Exceptional Fuel Cost Included in the Mitigated Offer Cap
Next Group:
Next Step:
Status: Approved on 08/07/2018
Effective Date: 04/05/2019

Action

Date Gov Body Action Taken Next Steps
08/07/2018 Board of Directors Approved
07/26/2018 TAC Recommended for Approval Revision Request Consideration
06/12/2018 Board of Directors Remanded Revision Request Consideration
05/24/2018 TAC Recommended for Approval Revision Request Consideration
04/12/2018 PRS Recommended for Approval Revision Request Consideration
03/08/2018 PRS Recommended for Approval Impact Analysis Consideration
09/14/2017 PRS Deferred/Tabled Language Consideration

Voting Record

Date Gov Body Motion Result
08/07/2018 Board of Directors To approve NPRR847 as recommended by TAC in the 7/26/18 TAC Report. Passed
07/26/2018 TAC To recommend approval of NPRR847 as recommended by PRS in the 4/12/18 PRS Report as amended by the 6/21/18 ERCOT comments. Passed
06/12/2018 Board of Directors To remand NPRR847 to TAC. Passed
05/24/2018 TAC To recommend approval of NPRR847 as recommended by PRS in the 4/12/18 PRS Report. Passed
04/12/2018 PRS To endorse and forward to TAC the 3/8/18 PRS Report and Impact Analysis for NPRR847 with a recommended priority of 2018 and a rank of 2210. Passed
03/08/2018 PRS To recommend approval of NPRR847 as amended by the 1/30/18 ERCOT comments. Passed
09/14/2017 PRS To table NPRR847 and refer the issue to WMS. 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: 08/29/2017
Sponsor: ERCOT
Urgent: No
Sections: 2.1, 2.2, 4.4.9.4.1, 6.6.3.7, 6.6.3.8, 9.5.3, 9.14.7
Description: This Nodal Protocol Revision Request (NPRR) provides a long-term solution that was requested by Market Participants during the stakeholder review and approval of NPRR664, Fuel Index Price for Resource Definition and Real-Time Make-Whole Payments for Exceptional Fuel Cost Events. In substitution for the NPRR664 language that is removed by this NPRR, ERCOT proposes the following: • Allowing Qualified Scheduling Entities (QSEs) to submit weighted average fuel prices in the Mitigated Offer Cap (MOC) for Real-Time mitigation, and • Consolidation of the calculation of the MOC into a single equation for clarification.
Reason: Addresses current operational issues; Market efficiencies or enhancements

Key Documents