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OBDRR048
Summary
| Title | Implementation of Operating Reserve Demand Curve (ORDC) Multi-Step Price Floor |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 10/12/2023 |
Action
| Date | Gov Body | Action Taken | Next steps |
|---|---|---|---|
| 10/12/2023 | PUCT | Approved | |
| 08/31/2023 | BOARD | Recommended for Approval | PUCT for consideration |
| 08/22/2023 | TAC | Recommended for Approval | Board for consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 10/12/2023 | PUCT | To approve OBDRR048 and accompanying ERCOT Market Impact Statement as presented in Project No. 54445, Review of Rules Adopted by the Independent Organization | Passed |
| 08/31/2023 | BOARD | To recommend approval of OBDRR048 as recommended by TAC in the 8/22/23 TAC Report | Passed |
| 08/22/2023 | TAC | To recommend approval of OBDRR048 as submitted and the 8/11/23 Impact Analysis | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Aug 11, 2023 |
| Sponsor: | ERCOT |
| Urgent: | No |
| Sections: | Methodology for Implementing Operating Reserve Demand Curve (ORDC) to Calculate Real-Time Reserve Price Adder |
| Description: | The Other Binding Document Revision Request (OBDRR) adds two price floors to the Operating Reserve Demand Curve (ORDC): one at reserve levels below 6,500 megawatts (MW) ($20 per megawatt hour (MWh)), and another between 6,500 MW and 7,000 MW ($10 per MWh). |
| Reason: | Regulatory requirements |
Key Documents
Aug 11, 2023 - docx - 88.6 KB
Aug 11, 2023 - docx - 19.6 KB
Aug 22, 2023 - xls - 112.5 KB
Aug 22, 2023 - docx - 90.4 KB
Sep 1, 2023 - docx - 90.8 KB
Oct 13, 2023 - docx - 91.8 KB