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NPRR338

Summary

Title: Modifications to Support Revenue Neutrality
Next Group:
Next Step:
Status: Approved on 07/19/2011
Effective Dates:
12/01/2011

Action

Date Gov Body Action Taken Next Steps
07/19/2011 BOARD Approved
06/02/2011 TAC Recommended for Approval Board consideration
05/19/2011 PRS Recommended for Approval TAC consideration
04/21/2011 PRS Recommended for Approval PRS review the IA

Voting Record

Date Gov Body Motion Result
07/19/2011 BOARD To approve NPRR338 as recommended by TAC in the 6/2/11 TAC Report. Passed
06/02/2011 TAC To recommend approval of NPRR338 as recommended by PRS in the 5/19/11 PRS Report Passed
05/19/2011 PRS To endorse and forward the 4/21/11 PRS Report, Impact Analysis and Cost Benefit Analysis for NPRR338 to TAC and to recommend a priority of High and a rank of 21. Passed
04/21/2011 PRS To recommend approval of NPRR338 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: Mar 17, 2011
Sponsor: ERCOT
Urgent: No
Sections: 9.2.5, 9.19
Description: This Nodal Protocol Revision Request (NPRR) deducts the amount collected for the shortfall charges for Congestion Revenue Right (CRR) Owners from the amount received on all Real-Time Market (RTM) Invoices prior to prorating the payout to the RTM Invoice Recipients. It also adds language to allow ERCOT to resettle the Day-Ahead Market (DAM) in the event that a DAM Settlement error, which does not otherwise meet the Protocol requirements for resettlement, will impact ERCOT’s ability to achieve revenue neutrality.
Reason: The reasons for this revision are: 1) To facilitate revenue neutrality in the CRR Balancing Account closure process in the event of a short payment on the RTM Invoices. The amount collected from the RTM Invoices for the monthly refunds to the short-paid Day-Ahead CRR Owners should be deducted before calculating the pro-rated payout to the short-paid RTM Invoice Recipients. This is consistent with the treatment of those funds for RTM Invoice payout when there is not a short-pay.To facilitate ERCOT’s revenue neutrality by allowing ERCOT to perform a DAM Resettlement Statement to resolve a DAM Settlement error that impacts ERCOT’s ability to achieve revenue neutrality.

Key Documents

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