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PRR646
Summary
| Title | Establish a Floor for Responsive Reserve Service Bids |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 01/17/2006 |
| Effective Dates |
02/01/2006
|
Action
| Date | Gov Body | Action Taken | Next steps |
|---|---|---|---|
| 01/17/2006 | BOARD | Approved | Filing at the PUCT |
| 01/12/2006 | TAC | Recommended for Approval | |
| 12/16/2005 | PRS | Recommended for Approval | TAC E-mail Vote |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 01/17/2006 | BOARD | Approval of PRR646 as revised by the Board. | Passed |
| 01/12/2006 | TAC | Recommend approval by TAC as submitted by PRS. | Passed |
| 12/16/2005 | PRS | Motion to recommend approval with a floor of negative $1,000. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Nov 29, 2005 |
| Sponsor: | Credit Working Group |
| Urgent: | Yes |
| Sections: | 4.4.11 |
| Description: | Revise 4.4.11 so that all bids to provide Responsive Reserve Service (RRS), have bid prices equal to or greater than $0. |
| Reason: | Recently, the LaaR portion of the bid stack is ranging from $0 to -$17,500 per MW. There is a potential that the current negative prices could be used to clear the market. This could result in potential large credit exposure in the ERCOT Region. |
Key Documents
Nov 29, 2005 - doc - 96 KB
Dec 2, 2005 - xls - 20.5 KB
Dec 13, 2005 - doc - 79.5 KB
Dec 14, 2005 - doc - 48.5 KB
Dec 14, 2005 - xls - 128 KB
Dec 20, 2005 - doc - 100 KB
Dec 20, 2005 - doc - 48.5 KB
Jan 5, 2006 - xls - 89 KB
Jan 13, 2006 - doc - 110 KB
Jan 20, 2006 - doc - 116 KB