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NPRR439

Summary

Title: Updating a Counter-Party's Available Credit Limit for Current Day DAM
Next Group:
Next Step:
Status: Approved on 05/15/2012

Action

Date Gov Body Action Taken Next Steps
05/15/2012 BOARD Approved
04/05/2012 TAC Recommended for Approval ERCOT Board Consideration
03/22/2012 PRS Recommended for Approval TAC consideration
02/23/2012 PRS Recommended for Approval PRS review Impact Analysis

Voting Record

Date Gov Body Motion Result
05/15/2012 BOARD To approve NPRR439 as recommended by TAC in the 4/5/12 TAC Report. Passed
04/05/2012 TAC To recommend approval of NPRR439 as recommended by PRS in the 3/22/12 PRS Report Passed
03/22/2012 PRS To endorse and forward the 2/23/12 PRS Report and Impact Analysis for NPRR439 to TAC with a recommended priority of 2012 and rank of 690. Passed
02/23/2012 PRS To recommend approval of NPRR439 as amended by the 2/8/12 ERCOT comments and as revised by PRS. 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: Jan 25, 2012
Sponsor: ERCOT
Urgent: No
Sections: 16.11.4.6, 16.11.4.6.2
Description: This Nodal Protocol Revision Request (NPRR) will provide flexibility for Counter-Parties to increase the credit limit available for the Day-Ahead Market (DAM) on the day the DAM is running by posting additional Financial Security under certain circumstances after ERCOT has already set a daily credit limit.
Reason: Although ERCOT has business processes in place on the timing of when it sets the daily credit limit for the next day’s DAM for each Counter-Party, ERCOT could update the credit limit for a Counter-Party if time and resource constraints are not an issue. As such, this NPRR codifies the circumstances in which ERCOT may be able to adjust the credit limit for a Counter-Party for the current day DAM. Please note that ERCOT plans to continue to process Financial Security as it does currently on Business Days.

Key Documents

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