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NPRR509

Summary

Title: Shortened RTM Settlement Timeline
Next Group:
Next Step:
Status: Approved on 03/19/2013
Effective Dates:
08/01/2013

Action

Date Gov Body Action Taken Next Steps
03/19/2013 BOARD Approved
02/07/2013 TAC Recommended for Approval ERCOT Board for consideration.
01/17/2013 PRS Recommended for Approval TAC Consideration

Voting Record

Date Gov Body Motion Result
03/19/2013 BOARD To approve NPRR509 as recommended by TAC in the 2/7/13 TAC Report. Passed
02/07/2013 TAC To recommend approval of NPRR509 as recommended by PRS in the 1/17/13 PRS Report with a recommended Priority of 2014 and rank of 930. Passed
01/17/2013 PRS To recommend approval of NPRR509 as amended by the 1/16/13 ERCOT comments and to forward NPRR509 to TAC 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: Dec 20, 2012
Sponsor: Harika Basaran on behalf of the Commercial Operations Subcommittee (COPS)
Urgent: Yes
Sections: 9.5.4 and 9.5.5
Description: This NPRR proposes a phased approach to reduce the posting date for the Initial Settlement Statement from nine days after the Operating Day to seven days after the Operating Day and reduces the posting date of the Final Settlement Statement from the 59th day after the Operating Day to the 57th day after the Operating Day.
Reason: This NPRR provides for a shortened Settlement timeline as discussed at the 9/28/12 PUCT Open Meeting, under Project 40000, Commission Proceeding to Ensure Resource Adequacy in Texas, and as agreed upon at the 12/14/12 Commercial Operations Subcommittee (COPS) meeting. COPS recommends that the two phased approach described below be taken to reduce the Settlement timeline: Phase one reduces the posting requirement for the Initial Settlement Statement to eight days after the Operating Day. COPS recommends that phase one implementation occur 4/1/13 or the first day of the month following ERCOT Board approval of this NPRR. Phase two further reduces the posting requirement for the Initial Settlement Statement to seven days after the Operating Day. Additionally, the posting date of Final Settlement Statements is reduced from the 59th day after the Operating Day to the 57th day after the Operating Day to compensate for the two days eliminated from the Initial Settlement Statement posting. COPS recommends that phase two implementation occur three months after the implementation of phase one in order to allow time to address any issues or concerns that may arise from the initial reduction in the Settlement timeline and also to evaluate the accuracy and completeness of meter data.

Key Documents

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