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NPRR586

Summary

Title: Align Credit Lock for CRR Auctions with Transaction Submission Deadline
Next Group:
Next Step:
Status: Approved on 04/08/2014
Effective Dates:
10/01/2014

Action

Date Gov Body Action Taken Next Steps
04/08/2014 BOARD Approved
02/27/2014 TAC Recommended for Approval ERCOT Board for consideration
02/13/2014 PRS Recommended for Approval TAC for consideration
01/16/2014 PRS Recommended for Approval PRS for IA review.

Voting Record

Date Gov Body Motion Result
04/08/2014 BOARD To approved NPRR586 as recommended by TAC in the 2/27/14 TAC Report. Passed
02/27/2014 TAC To recommend approval of NPRR586 as recommended by PRS in the 2/13/14 PRS Report. Passed
02/13/2014 PRS To endorse and forward the 1/16/14 PRS Report as amended by the 1/23/14 ERCOT comments and Impact Analysis for NPRR586 to TAC with a recommended priority of 2014 and rank of 895. Passed
01/16/2014 PRS To recommend approval of NPRR586 as submitted. 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 10, 2013
Sponsor: Reliant Energy
Urgent: No
Sections: 7.5.2 and 16.11.4.6.1
Description: This Nodal Protocol Revision Request (NPRR) aligns the deadline to allocate credit for a Congestion Revenue Right (CRR) Auction with the transaction submission deadline for that CRR Auction.
Reason: The current CRR Auction credit lock process requires credit to be allocated for a CRR Auction no later than three Business Days prior to the close of the CRR transaction submission deadline. This results in an inefficient and unnecessary utilization of credit during the period when credit is locked and the transaction submission window is not closed. In addition, events may occur after the credit lock deadline that impact the valuation of a CRR Account Holder’s portfolio of bids and offers. Currently, a CRR Account Holder, through its Counter-Party, is prevented from increasing or decreasing the credit allocated to an auction as a result of an event which occurs after the credit lock deadline but prior to transaction submission. Therefore, this NPRR will allow the amount of credit locked for an auction to be consistent with the submitted CRR portfolios.

Key Documents

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