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NPRR326

Summary

Title: Adjust the Calculation of the Real-Time Settlement Point Price for a Resource Node
Next Group:
Next Step:
Status: Approved on 06/21/2011
Effective Dates:
02/24/2012

Action

Date Gov Body Action Taken Next Steps
06/21/2011 BOARD Approved
05/05/2011 TAC Recommended for Approval ERCOT Board consideration of NPRR326
04/21/2011 PRS Recommended for Approval TAC consideration of NPRR326
03/24/2011 PRS Recommended for Approval PRS Impact Analysis review

Voting Record

Date Gov Body Motion Result
06/21/2011 BOARD To approve NPRR326 as recommended by TAC in the 5/5/11 TAC Report. Passed
05/05/2011 TAC To recommend approval of NPRR326 as recommended by PRS in the 4/21/11 PRS Report. Passed
04/21/2011 PRS To endorse and forward the 3/24/11 PRS Report and Impact Analysis for NPRR326 to TAC and to recommend a priority of High and a rank of 12.9. Passed
03/24/2011 PRS To recommend approval of NPRR326 as submitted. Passed

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: Feb 10, 2011
Sponsor: ERCOT
Urgent: No
Sections: 6.6.1.1
Description: This Nodal Protocol Revision Request (NPRR) adjusts the calculation of the Real-Time Settlement Point Price for a Resource Node. The adjustment is to remove the Base Point weighting of the Real-Time Locational Marginal Prices (LMPs).
Reason: The current method of calculating payments and charges of Point-to-Point (PTP) Obligations and PTP Options settled in Real-Time based on Base Point weighted Real-Time Settlement Point Prices can lead to payments and charges when there is no congestion, which are not supported by congestion rent and can lead to Real-Time Revenue Neutrality Allocation uplift. With the implementation of this NPRR, payments and charges for PTP Obligations and PTP Options settled in Real-Time will be more accurate and should only occur when there is Real-Time congestion.

Key Documents

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