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PRR357

Summary

Title Market Solution Definition Revision
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Status Approved

Action

Date Gov Body Action Taken Next steps
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Voting Record

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Background

Status: Approved
Date Posted: Sep 3, 2002
Sponsor: PUCT - MOD
Urgent: No
Sections: 2.1
Description: The current definition requires that at least three unaffiliated resources be available for solving a circumstance of local congestion. It is possible to have bids from three unaffiliated bidders that could independently solve an instance of local congestion, except for the fact that one or more of these solutions may not be feasible because of constraints that do not permit the physical dispatch of the resources to resolve the congestion. The proposed definition corrects this by specifying that a market solution only exists when each of the required three bids from unaffiliated bidders has sufficient capacity available to physically solve the congestion.
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