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Real-Time Market

During real-time, ERCOT dispatches resources based on economics and reliability to meet the system demand while observing resource and transmission constraints. Security Constrained Economic Dispatch (SCED) is the real-time market evaluation of offers to produce a least-cost dispatch of online resources. SCED calculates Locational Marginal Prices (LMPs) using a two-step methodology that applies mitigation to resolve non-competitive constraints.

Real-Time Co-Optimization Market Trials Report Version Real-Time Co-Optimization Market Trials Report Version

RTC Market Trials DAM Clearing Price for Capacity
RTC Market Trials version of NP4-188-CD: The Market Clearing Prices for Capacity for all Ancillary Services from the Day-Ahead Market.
RTC Market Trials DAM Hourly LMPs
RTC Market Trials version of NP4-183-CD: The Hourly Locational Marginal Prices per electrical bus from the Day-Ahead Market for the last thirty days on a daily basis.
RTC Market Trials DAM Settlement Point Prices
RTC Market Trials version of NP4-190-CD: The Settlement Point Prices for all Resource Nodes, Load Zones, and Trading Hubs from the Day-Ahead Market.
RTC Market Trials DAM Shadow Prices
RTC Market Trials version of NP4-191-CD: The active and binding constraints as well as the associated shadow prices from the Day-Ahead Market for the last thirty days on a daily basis.
RTC Market Trials LMPs by Resource Nodes, Load Zones and Trading Hubs
RTC Market Trials version of NP6-788-CD: The Locational Marginal Price for each Settlement Point, normally produced by SCED every five minutes.
RTC Market Trials Real-Time Price Adders by SCED Interval
RTC Market Trials version of NP6-323-CD: This report updates immediately following each SCED run and shows the sum of each type of available reserves, including total Real-Time reserve amount for On-Line reserves and, total Real-Time reserve amount for Off-Line reserves, and the Real-Time Reserve Price Adders for On-Line Reserves and Real-Time Reserve Price Adders for Off-Line Reserves for each SCED interval. The report also shows the total RUC/RMR LDL relaxed, total Load Resource MW deployed that is added to the Demand, total ERS MW deployed that is added to the Demand, total LASL, total HASL, and the Real-Time On-Line Reliability Deployment Price Adder for each SCED interval.
RTC Market Trials SCED Shadow Prices and Binding Transmission Constraints
RTC Market Trials version of NP6-86-CD: The report for Shadow Prices of binding/violated constraints in SCED. The report shows the contingency name, overloaded element details (element name, from/to station name and kV level), Shadow Price ( price for resolving one MW of the constraint), Penalty for violating the constraint (MaxShadow Price), overloaded element limit and flow (value)pairs that caused such constraint.
RTC Market Trials RTD Indicative LMPs by Resource Nodes, Load Zones and Hubs
RTC Market Trials version of NP6-970-CD: This report is posted after every Look Ahead RTD run and includes indicative LMPs at Resource Nodes, Hub LMPs and Load Zone for each interval in the Look Ahead SCED-RTD Study Period.
RTC Market Trials Settlement Point Prices at Resource Nodes, Hubs and Load Zones
RTC Market Trials version of NP6-905-CD: Settlement Point Price for each Settlement Point, produced from SCED LMPs every 15 minutes.

Real-Time Prices Displays

Real-Time LMPs for Latest SCED Run Display
View the Locational Marginal Prices per Settlement Point from the real-time market for the latest SCED run which is normally within the last five minutes.
Real-Time LMPs for Load Zones and Trading Hubs Display
View the Locational Marginal Prices per Load Zone and Trading Hub from the real-time market for the latest SCED run which is normally within the last five minutes.
Real-Time Settlement Point Prices Display
View the Settlement Point Prices for the Load Zones and Trading Hubs from the real-time market for the current day as well as the previous five days.
RTD Indicative LMPs by Load Zones or Hubs Display
This view is updated after every Real-Time dispatch (RTD) run and includes indicative LMPs for Hubs and Load Zones as well as the latest actual LMP values from SCED for each interval in the SCED-RTD Study Period.
Real-Time Market Clearing Prices for Capacity
View the Market Clearing Price for Capacity (MCPC) for each ancillary service including Regulation Up (Reg-Up), Regulation Down (Reg-Down), Responsive Reserve (RRS), Non-Spinning Responsive Reserve (Non-Spin), and ERCOT Contingency Reserve Service (ECRS). The values represent the MCPC generated following each SCED execution over the past 24 hours.

Real-Time Prices Reports

Hourly Real-Time Load vs. Actual Report
Load Forecast vs. Actual. Day-ahead values update once a day approx 1:30.
LMP By SOG Including Price Adders
This report provides the nodal prices for Settlement Only Distribution Generators (SODGs) and Settlement Only Transmission Generators (SOTGs) for each SCED interval. The final prices also include the Real-Time Reliability Deployment Price Adders.
LMPs by Electrical Bus
View the Locational Marginal Price for each Electrical Bus, normally produced by SCED every five minutes.
LMPs by Resource Nodes, Load Zones and Trading Hubs
View the Locational Marginal Price for each Settlement Point, normally produced by SCED every five minutes.
RTD Indicative LMPs by Resource Nodes, Load Zones and Hubs
This report is posted after every Look Ahead RTD run and includes indicative LMPs at Resource Nodes, Hub LMPs and Load Zone for each interval in the Look Ahead SCED-RTD Study Period.
RTD Indicative Real-Time MCPC
This report updates immediately following each Real-Time Dispatch (RTD) run and shows the projected Market Clearing Prices for Capacity for all Ancillary Services from the Real-time Market for all the future intervals of the RTD run.
Real-Time Clearing Prices for Capacity by 15-Minute Settlement Interval
The 15-minute Real-Time Market Clearing Price for Capacity for each Ancillary Service calculated using the time-weighted average of the sum of the Real-Time MCPCs and Real-Time Reliability Deployment Price Adders.
Real-Time Clearing Prices for Capacity by SCED Interval
The Real-Time Market Clearing Prices for Capacity for each Ancillary Service normally produced by SCED every five minutes.
Real-Time Price for SOG
View the Real-Time price for each Settlement Only Distribution Generators (SODGs) and Settlement Only Transmission Generators (SOTGs) for each 15-min Settlement Interval.
SCED Shadow Prices and Binding Transmission Constraints
The report for Shadow Prices of binding/violated constraints in SCED. The report shows the contingency name, overloaded element details (element name, from/to station name and kV level), Shadow Price ( price for resolving one MW of the constraint), Penalty for violating the constraint (MaxShadow Price), overloaded element limit and flow (value)pairs that caused such constraint.
SCED System Lambda
This report shows the System Lambda of each successful SCED.
Settlement Point Prices at Resource Nodes, Hubs and Load Zones
View the Settlement Point Price for each Settlement Point, produced from SCED LMPs every 15 minutes.

Real-Time Supporting Information

Approved AS Capacity Compliance Performance Criteria Variables
Contains the historic and currently approved AS Capacity Compliance Performance Criteria variables.
Approved ESREDP Performance Criteria Variables
TAC approved values for ESREDP Performance criteria variables
Approved GREDP Performance Criteria Variables
This spreadsheet contains historic and current approved GREDP performance criteria variables.
CLREDP Acceptable Performance Criteria and PRC Variables
This spreadsheet contains historic and current approved CLREDP performance criteria variables.
Controllable Load Resource Base Point Deviation Charge for Over-Consumption Variables
The Controllable Load Resource Base Point Deviation Charge for over-consumption variables XO and YO shall be posted to the MIS Public Area after TAC approval. Replaced by NP6-653-M upon the Implementation of RTC+B PR447-03. Link to remain until December 2026.
Controllable Load Resource Base Point Deviation Charge for Under-Consumption Variables
The Controllable Load Resource Base Point Deviation Charge for under-consumption variables XU and YU shall be posted to the MIS Public Area after TAC approval. Replaced by NP6-653-M upon the Implementation of RTC+B PR447-03. Link to remain until December 2026.
Controllable Load Resource Set Point Deviation Charge and CLREDP Variables
The TAC-approved variable values for CLR Set Point over- and under-consumption Deviation Charges (XO, XU, YO, and YU) and CLREDP (X and Y).
Electrical Bus Mapping for Heuristic Pricing
This report shows the heuristic pricing associations on a daily basis that are used in the market solutions for Day-Ahead Market (DAM) and Real-Time Market (RTM). This posting helps the market's understanding of the methodology and values of the published prices.
Emergency Pricing Program Cumulative Hours Tracking
This report updates every 15 minutes and shows the sum of the Real-Time Market (RTM) System Lambda and Real-Time Reliability Deployment Price Adder for Energy, time-weight averaged to a 15-minute Settlement Interval. If this sum is greater than or equal to the High System-Wide Offer Cap for the Day-Ahead Market (DAM) for 12 hours within a rolling 24-hour period, an Emergency Offer Cap Effective Period initiates at the beginning of the next Operating Hour.
Reserve Discount Factors
Currently approved Reserve Discount Factors (RDFs) used in the calculation of Physical Responsive Capability (PRC).

Real-Time Wind Production

Wind Power Production - Actual 5-Minute Averaged Values
This report is posted every 5 minutes and includes System-wide and Regional actual 5-min averaged wind power production for a rolling historical 60-minute period.
Wind Power Production - Hourly Averaged Actual and Forecasted Values
This report is posted every hour and includes System-wide and Regional actual hourly averaged wind power production, STWPF, WGRPP and COP HSLs for On-Line WGRs for a rolling historical 48-hour period as well as the System-wide and Regional STWPF, WGRPP and COP HSLs for On-Line WGRs for the rolling future 168-hour period.

SASM

SASM Aggregated Ancillary Service Offer Curve
The aggregated AS offers for each hour and AS type used by SASM. Report removed with PR447-03 RTC. Link to remain available until postings have expired.
SASM MCPC by Ancillary Service Type
The Market Clearing Price for Capacity for each hour and AS type procured in SASM. Report removed with PR447-03 RTC. Link to remain available until postings have expired.
Total Ancillary Service Procured in SASM
The total capacity in MW for each hour and AS type procured in SASM. Report removed with PR447-03 RTC. Link to remain available until postings have expired.

Scarcity Pricing Mechanism

Historical Real-Time ORDC and Reliability Deployment Price Adders and Reserves
This report updates every week for the previous week and shows the sum of each type of available reserves, including total Real-Time reserve amount for On-Line reserves and, total Real-Time reserve amount for Off-Line reserves, and the Real-Time Reserve Price Adders for On-Line Reserves and Real-Time Reserve Price Adders for Off-Line Reserves for all the SCED intervals in the previous week. The report also shows the total RUC/RMR LDL relaxed, total Load Resource MW deployed that is added to the Demand, total ERS MW deployed that is added to the Demand, total LASL, total HASL, and the Real-Time On-Line Reliability Deployment Price Adder for all the SCED intervals in the previous week.
Historical Real-Time ORDC and Reliability Deployment Prices for 15-Minute Settlement Interval
This report updates each week and shows historical Real-Time Reserve Price for On-Line Reserves,Real-Time Reserve Price for Off-Line Reserves and the Real-Time On-Line Reliability Deployment Price for each 15-minute Settlement Interval beginning 6/01/2014 or the current year to the previous week.
LOLP Distribution by Season and TOD Block
This report updates twenty days after the end of each season and shows the mean and standard deviation for the Loss of Load Probability (LOLP) distribution by Time-of-Day (TOD) block for the same season of the upcoming year based on historic data. Report decommissioned with PR447-03 RTC. Link to remain available until postings have expired. Report removed with PR447-03 RTC. Link to remain available until postings have expired.
Peaker Net Margin
View the cumulative Peaker Net Margin in dollars per MW since the start of the annual resource adequacy cycle, posted daily.
Real-Time ORDC and Reliability Deployment Price Adders and Reserves by SCED Interval
This report updates immediately following each SCED run and shows the sum of each type of available reserves, including total Real-Time reserve amount for On-Line reserves and, total Real-Time reserve amount for Off-Line reserves, and the Real-Time Reserve Price Adders for On-Line Reserves and Real-Time Reserve Price Adders for Off-Line Reserves for each SCED interval. The report also shows the total RUC/RMR LDL relaxed, total Load Resource MW deployed that is added to the Demand, total ERS MW deployed that is added to the Demand, total LASL, total HASL, and the Real-Time On-Line Reliability Deployment Price Adder for each SCED interval.
Real-Time ORDC and Reliability Deployment Prices for 15-minute Settlement Interval
This report updates immediately following the end of each 15-minute Settlement Interval and shows the Real-Time Reserve Price for On-Line Reserves and the Real-Time Reserve Price for Off-Line Reserves for each 15-minute Settlement Interval. The report also shows the Real-Time On-Line Reliability Deployment Price for each 15-minute Settlement Interval.
RTD Indicative ORDC and Reliability Deployment Price Adders and Reserves
This report updates immediately following each RTD run and shows the projected total Real-Time reserve amount for On-Line reserves and Off-Line reserves and the projected Real-Time On-Line Reserve Price Adders and Real-Time Off-Line Reserve Price Adders for all the future intervals of the RTD run.
System-Wide Offer Cap
View the System-wide Offer Cap in place for Ancillary Services and Energy for the last thirty days on a daily basis.

Scarcity Pricing Mechanism -- Interim Prior to June 1st 2014

Indicative Real-Time Reserve ORDC Price Adder
This report contains October 17 through November 20 historical files.

Key Documents

Methodology for Implementing ORDC to Calculate Real-Time Reserve Price Adder
This document contains the ERCOT Board-approved methodology for determining the Real-Time reserve price adders based on the Operating Reserve Demand Curve (ORDC), and the ERCOT Board-approved parameters for determining the Real-Time reserve price adders.
Oct 1, 2024 - zip - 9.6 MB
Methodology for Setting Maximum Shadow Prices for Network and Power Balance Constraints
View the methodology for setting maximum Shadow Prices for network constraints and for the power balance constraint.
Mar 31, 2022 - zip - 3.5 MB
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