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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 |
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
Mar 17, 2011 - doc - 94 KB
Mar 17, 2011 - doc - 58 KB
Apr 22, 2011 - xls - 117 KB
Apr 26, 2011 - doc - 96 KB
May 18, 2011 - xls - 117 KB
May 24, 2011 - doc - 97 KB
Jun 3, 2011 - doc - 98.5 KB
Jul 19, 2011 - doc - 99.5 KB