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.
Apr 19, 2013
This Nodal Protocol Revision Request (NPRR) modifies Section 220.127.116.11 to provide that Emergency Response Service (ERS) offers will be awarded at the market clearing price rather than on a pay-as-bid process.
A market clearing price mechanism will provide for more efficient market outcomes than pay-as-bid. ERCOT has authority under P.U.C. Subst. R. 25.507(e)(1) to implement a market clearing price mechanism. As stated by the Public Utility Commission of Texas (PUCT) in its order adopting amendments to PUC Subst. R. 25.507, "The concept of establishing a market clearing price mechanism would appear to have the potential for solving some problems that exist in establishing prices for the service, and the commission encourages ERCOT staff to expeditiously explore the feasibility of implementing such a mechanism."