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OBDRR005

Summary

Title Change to the Generic Maximum Shadow Price for Base Case Transmission Constraints
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Next Step
Status Approved on 06/12/2018
Effective Dates
06/20/2018

Action

Date Gov Body Action Taken Next steps
06/12/2018 BOARD Approved
05/24/2018 TAC Recommended for Approval Revision Request Consideration

Voting Record

Date Gov Body Motion Result
06/12/2018 BOARD To approve OBDRR005 as recommended by TAC in the 5/24/18 TAC Report. Passed
05/24/2018 TAC To recommend approval of OBDRR005 as submitted with a recommended effective date of 6/20/18. Passed

Background

Status: Approved
Date Posted: May 10, 2018
Sponsor: ERCOT
Urgent: No
Sections: Methodology for Setting Maximum Shadow Prices for Network and Power Balance Constraints
Description: This Other Binding Document Revision Request (OBDRR) revises the Generic Transmission Constraint (GTC) Shadow Price cap that is used in Security Constrained Economic Dispatch (SCED) for base case constraints from $5,000/MWh to $9,251/MWh. Base case transmission constraints include GTCs. This revision also updates the associated examples in Section 3.5, Generic Values for the Transmission Network System-Wide Shadow Price Caps in SCED, and makes an administrative edit to a Protocol reference.
Reason: Addresses current operational issues; Market efficiencies or enhancements

Key Documents