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NPRR570

Summary

Title: Reduce RTM Settlement Timeline to Operating Day Plus Five
Next Group:
Next Step:
Status: Approved on 11/19/2013
Effective Dates:
01/01/2014

Sections 4.2.1.2 and 9.5.4

05/01/2014

All remaining sections

Action

Date Gov Body Action Taken Next Steps
11/19/2013 BOARD Approved
11/07/2013 TAC Recommended for Approval ERCOT Board for consideration.
10/17/2013 PRS Recommended for Approval TAC for consideration.

Voting Record

Date Gov Body Motion Result
11/19/2013 BOARD To approve NPRR570 as recommended by TAC in the 11/7/13 TAC Report. Passed
11/07/2013 TAC To recommend approval of NPRR570 as recommended by PRS in the 10/17/13 PRS Report and as amended by the 10/31/13 ERCOT comments with an effective date of 1/1/14 for phase one and a recommended priority of 2014 and rank of 1030 for phase two targeting a 5/1/14 effective date. All Market Segments were present for the vote. Passed
10/17/2013 PRS To recommend approval of NPRR570 as amended by the 10/10/13 COPS comments and to forward NPRR570 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: Sep 30, 2013
Sponsor: Harika Basaran and Jim Galvin on behalf of COPS and the Communications and Settlements Working Group (CSWG)
Urgent: Yes
Sections: 2.1, 9.5.2, 9.5.4, 9.5.5, 10.8.1.2
Description: This NPRR proposes a phased approach to change the posting date for the Real-Time Market (RTM) Initial Settlement Statement from seven days after the Operating Day to five days after the Operating Day and changes the posting date of the Final Settlement Statement from the 57th day after the Operating Day to the 55th day after the Operating Day.
Reason: This NPRR addresses concerns raised in regards to the impact of the increase to the high SWCAP pursuant to the adoption of amendments to P.U.C. Subst. R. 25.505. COPS held two workshops, on 8/29/13 and 9/10/13, to discuss how to reduce the RTM Settlement timeline further, given the successful implementation of NPRR509, Shortened RTM Settlement Timeline. Market Participants reached a compromise to continue with a two phased approach as in NPRR509 with an objective of RTM Initial Settlement on Operating Day plus five by 6/1/2014. COPS continues to discuss aspects related to impacts, tradeoffs, benefits, and potential solutions for RTM Settlement on a faster timeline.

Key Documents

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