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NPRR288

Summary

Title: Selection of CRR Load Distribution Factors for Use in CRR Monthly and Annual Auctions
Next Group:
Next Step:
Status: Approved on 11/16/2010
Effective Dates:
12/01/2010

Action

Date Gov Body Action Taken Next Steps
11/16/2010 BOARD Approved
11/04/2010 TAC Recommended for Approval Board consideration
10/21/2010 PRS Recommended for Approval TAC Consideration

Voting Record

Date Gov Body Motion Result
11/16/2010 BOARD To approve NPRR288 as recommended by TAC in the 11/4/10 TAC Report Passed
11/04/2010 TAC To recommend approval of NPRR288 as recommended by PRS in the 10/21/10 PRS Report. Passed
10/21/2010 PRS To recommend approval of NPRR288 as submitted and to forward NPRR288 and the Impact Analysis to TAC.

Vote tallies here reflect individual votes, not the weight of the votes by market segment. Affirmative votes are not recorded in these vote tallies. For additional details on the voting record, please consult the Recommendation or Action Report, or the official vote tally if available, as posted in the key documents.

Background

Status: Approved
Date Posted: Oct 20, 2010
Sponsor: ERCOT
Urgent: No
Sections: 7.3, 7.5, 7.5.1
Description: As ERCOT has worked through improvements in development of the Load distribution factor values used in the Day-Ahead Market (DAM) and Network Model validation process, this Nodal Protocol Revision Request (NPRR) has been created to allow the Congestion Revenue Right (CRR) Auction process to leverage use of this alternative Load distribution factor for monthly CRR Auctions. In this manner, the monthly CRR Auction and DAM are more operationally accurate and aligned. This NPRR also includes a change to Section 7.3 to clarify that the Flowgate Revenue Rights, which ERCOT is required to auction, are those flowgates defined and described in accordance with Section 7.3.1, Flowgates.
Reason: The revised process for the selection of CRR Auction Load distribution factors will result in a CRR Auction solution that better reflects the system conditions that are expected to exist in the auction month. This is expected to improve the intrinsic value of the CRR products sold in the auction.

Key Documents

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