Credit; CRR; Settlements

Thu, Apr 01, 2021 04:12 PM

W-C031921-02 Allocation of Funds Received from Short Paying Invoice Recipients


NOTICE DATE: April 01, 2021

NOTICE TYPE: W-C031921-02 Settlements

SHORT DESCRIPTION: Allocation of Funds Received from Short Paying Invoice Recipients

INTENDED AUDIENCE: QSE and CRRAH Settlement Personnel

DAY AFFECTED: Settlement Invoices with a payout date of February 26, 2021

LONG DESCRIPTION: ERCOT has received payment for some Settlement Invoices that were short- paid on February 25, 2021, and due for payout on February 26, 2021.

As noted in Market Notice W-B030121-03, some Qualified Scheduling Entities (QSEs) and Congestion Revenue Right Account Holders (CRRAHs) were under-shorted on the initial payout of the February 26, 2021 Invoice, and consequently, received payments in excess of the amounts due to them. These under-shorted amounts were corrected by reducing payments on Invoices with a payout date of March 1, 2021, and by issuing Miscellaneous Invoices on March 2, 2021. Therefore, the allocation of funds received from short- paying Invoice Recipients for February 26, 2021 Invoices will be based on a balance that has been corrected for the recovery of the under-shorted amounts.

ERCOT will be issuing additional payments to affected QSEs and CRRAHs as follows:

Subsequent Payout Date:

April 01, 2021

Invoice Date:

February 23, 2021

Total Amount Originally Shorted to Market:   

$1,316,581,108.43

Total Amount of Subsequent Payout to Market:

$211,280,798.03

2nd Total Amount of Subsequent Payout to Market:

$19,307,664.96

 

ADDITIONAL INFORMATION: Please review the ERCOT website for previous Market Notices related to this subject. 

CONTACT: If you have any questions, please contact your ERCOT Account Manager. You may also call the general ERCOT Client Services phone number at (512) 248-3900 or contact ERCOT Client Services via email at ClientServices@ercot.com.

If you are receiving email from a public ERCOT distribution list that you no longer wish to receive, please follow this link in order to unsubscribe from this list: http://lists.ercot.com.

 

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