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NPRR484
Summary
| Title | Revisions to Congestion Revenue Rights Credit Calculations and Payments |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 03/19/2013 |
| Effective Dates |
10/21/2013
Sections 7.5.3, 7.5.5.3 (partial), and 16.11.4.5 (partial) |
Action
| Date | Gov Body | Action Taken | Next steps |
|---|---|---|---|
| 03/19/2013 | BOARD | Approved | |
| 02/07/2013 | TAC | Recommended for Approval | ERCOT Board Consideration |
| 01/17/2013 | PRS | Recommended for Approval | TAC Consideration |
| 12/13/2012 | PRS | Recommended for Approval | PRS for Impact Analysis Review |
| 11/15/2012 | PRS | Deferred/Tabled | PRS consideration |
| 10/18/2012 | PRS | Recommended for Approval | PRS consider the IA |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 03/19/2013 | BOARD | To approve NPRR484 as recommended by TAC in the 2/7/13 TAC Report | |
| 02/07/2013 | TAC | To recommend approval of NPRR484 as recommended by PRS in the 1/17/13 PRS Report with a modified Priority of 2013 and rank of 580. | Passed |
| 01/17/2013 | PRS | To endorse and forward NPRR484 as recommended by PRS in the 12/13/12 PRS Report and as amended by the 1/10/13 ERCOT comments and 1/10/13 Luminant Energy comments; and the preliminary Impact Analysis for NPRR484 to TAC with a recommended priority of 2014 and rank of 895. | Passed |
| 12/13/2012 | PRS | To endorse the 10/18/12 PRS Report for NPRR484 as amended by the 12/12/12 ERCOT comments and to request that NPRR484 return to the January 17, 2013 PRS meeting with a final Impact Analysis. | Passed |
| 11/15/2012 | PRS | To table NPRR484 for one month pending an Impact Analysis and refer associated issues to WMS. | Passed |
| 10/18/2012 | PRS | To recommend approval of NPRR484 as amended by the 10/17/12 ERCOT comments and as revised by PRS. |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Sep 28, 2012 |
| Sponsor: | Luminant Energy Company, LLC |
| Urgent: | No |
| Sections: | 7.5.5.3, 9.9, 9.9.1, 9.9.2, 16.11.4.5 |
| Description: | This Nodal Protocol Revision Request (NPRR) replaces the Congestion Revenue Right (CRR) Auction credit calculations with path-specific exposure calculations based on Day-Ahead Market (DAM) clearing prices over a rolling period and revises the Future Credit Exposure (FCE) calculations for CRR Account Holders; which results in a modification to the payment schedule for CRRs. |
| Reason: | The current credit calculations collateralize in a uniform manner and do not recognize that different congestion paths have various levels of risk. This can lead to under-collateralization of the riskiest paths, leaving the market exposed, or significant over-collateralization, therefore increasing the cost of participation for many Market Participants. In addition, this proposal allows Market Participants to post collateral in lieu of pre-paying for forward awarded CRRs. |
Key Documents
Sep 28, 2012 - doc - 362 KB
Oct 10, 2012 - doc - 350 KB
Oct 11, 2012 - doc - 346.5 KB
Oct 16, 2012 - doc - 343 KB
Oct 17, 2012 - doc - 375.5 KB
Oct 23, 2012 - doc - 389.5 KB
Nov 6, 2012 - doc - 39 KB
Nov 7, 2012 - doc - 41 KB
Nov 12, 2012 - doc - 379 KB
Nov 19, 2012 - doc - 257.5 KB
Dec 12, 2012 - doc - 56 KB
Dec 12, 2012 - doc - 248.5 KB
Dec 17, 2012 - doc - 284.5 KB
Jan 10, 2013 - doc - 252 KB
Jan 10, 2013 - doc - 67.5 KB
Jan 16, 2013 - doc - 66 KB
Jan 16, 2013 - doc - 64 KB
Jan 16, 2013 - doc - 63.5 KB
Jan 22, 2013 - doc - 299.5 KB
Jan 22, 2013 - xls - 100.5 KB
Jan 30, 2013 - doc - 63 KB
Feb 11, 2013 - doc - 304.5 KB
Mar 21, 2013 - doc - 305 KB