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NPRR463
Summary
| Title | CRR Auction Structure Enhancements |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 06/19/2012 |
| Effective Dates |
04/01/2013
|
Action
| Date | Gov Body | Action Taken | Next steps |
|---|---|---|---|
| 06/19/2012 | BOARD | Approved | |
| 06/07/2012 | TAC | Recommended for Approval | ERCOT Board consideration of NPRR463 |
| 05/17/2012 | PRS | Recommended for Approval | TAC consideration of NPRR463 |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 06/19/2012 | BOARD | To approve NPRR463 as recommended by TAC in the 6/7/12 TAC Report. | Passed |
| 06/07/2012 | TAC | To recommend approval of NPRR463 as recommended by PRS in the 5/17/12 PRS Report and as amended by the 6/5/12 ERCOT comments and to endorse and forward the Impact Analysis with a recommended priority of 2012 and rank of 685. | Passed |
| 05/17/2012 | PRS | To recommend approval of NPRR463 as revised by PRS and to forward NPRR463 to TAC. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | May 7, 2012 |
| Sponsor: | DC Energy Texas LLC |
| Urgent: | Yes |
| Sections: | 2.1, 7.3, 7.4.2, 7.5.1, 7.5.2, 7.5.2.1, 7.5.2.2, 7.5.2.3, 7.5.3, 7.5.3.2, 7.5.5.3, 7.5.5.4, 7.5.6.3, 7.8, 16.11.4.6.1 |
| Description: | This Nodal Protocol Revision Request (NPRR) replaces the annual Congestion Revenue Right (CRR) Auction with a semi-annual sequence of four consecutive six-month CRR Auctions selling CRRs up to two years in the future, scheduled according to a TAC-approved calendar. A proposed initial calendar for TAC consideration will be discussed in parallel to this NPRR. |
| Reason: | The current CRR Auction structure offers only one point in time per year where forward hedging (beyond the next month) can be accomplished, and when those long-term auction events do occur they cause a large concentration of credit requirements for Market Participants and workload for Market Participants and ERCOT Staff. This NPRR would distribute the release of network capacity to be more evenly spread out over time, enabling Market Participants to manage their positions incrementally as they evolve over time. |
Key Documents
May 7, 2012 - doc - 158 KB
May 15, 2012 - doc - 133.5 KB
May 15, 2012 - doc - 134 KB
May 21, 2012 - doc - 161.5 KB
May 31, 2012 - doc - 38.5 KB
Jun 5, 2012 - doc - 60 KB
Jun 5, 2012 - doc - 144 KB
Jun 7, 2012 - doc - 169.5 KB
Jun 19, 2012 - doc - 170 KB