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NPRR1201
Summary
| Title | Limitations on Resettlement Timeline and Default Uplift Exposure Adjustments |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 02/01/2024 |
| Effective Dates |
03/01/2024
Sections 9.2.5 and 9.2.6 |
Action
| Date | Gov Body | Action Taken | Next steps |
|---|---|---|---|
| 02/01/2024 | PUCT | Approved | |
| 12/19/2023 | BOARD | Recommended for Approval | PUCT for consideration |
| 12/04/2023 | TAC | Recommended for Approval | Board for consideration |
| 11/09/2023 | PRS | Recommended for Approval | TAC for consideration |
| 10/12/2023 | PRS | Recommended for Approval | PRS for Impact Analysis consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 02/01/2024 | PUCT | To approve NPRR1201 and accompanying ERCOT Market Impact Statement as presented in Project No. 54445, Review of Protocols Adopted by the Independent Organization | Passed |
| 12/19/2023 | BOARD | To recommend approval of NPRR1201 as recommended by TAC in the 12/4/23 TAC Report | Passed |
| 12/04/2023 | TAC | To recommend approval of NPRR1201 as recommended by PRS in the 11/9/23 PRS Report | Passed |
| 11/09/2023 | PRS | To endorse and forward to TAC the 10/12/23 PRS Report and 9/20/23 Impact Analysis for NPRR1201 with a proposed effective date of the first of the month following PUCT approval for Sections 9.2.5 and 9.5.6 and upon system implementation for Section 9.19.1 with a recommended priority of 2024 and rank of 4080 | Passed |
| 10/12/2023 | PRS | To recommend approval of NPRR1201 as submitted | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Sep 20, 2023 |
| Sponsor: | ERCOT |
| Urgent: | No |
| Sections: | 9.2.5, 9.5.6, and 9.19.1 |
| Description: | This Nodal Protocol Revision Request (NPRR) reduces exposures for both ERCOT and Market Participants for resettlements and Default Uplift Invoices for historical Operating Days. This NPRR limits timeline for resettlement due to errors that are discovered, and a Market Notice of the error is provided to Market Participants, within one year after the Operating Day. This limit does not apply to resettlement due to an Alternative Dispute Resolution, a Procedure for Return of Settlement Funds, or a resettlement directed by the Board of Directors to address unusual circumstances; and adjusts the Maximum MWh Activity formula in Section 9.19.1 to only consider Congestion Revenue Rights (CRRs) owned during the Operating Days of the reference month, and to not consider CRRs that may have been bought or sold for the month, but are no longer owned on the given Operating Days of the reference month. |
| Reason: | Market efficiencies or enhancements |
Key Documents
Sep 20, 2023 - docx - 67.6 KB
Sep 20, 2023 - docx - 30.8 KB
Oct 16, 2023 - xls - 142.5 KB
Oct 16, 2023 - docx - 69.7 KB
Nov 10, 2023 - xls - 143.5 KB
Nov 10, 2023 - docx - 70.3 KB
Dec 5, 2023 - xls - 140.5 KB
Dec 5, 2023 - docx - 71.4 KB
Dec 20, 2023 - docx - 72.1 KB
Feb 1, 2024 - docx - 81 KB