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NPRR619

Summary

Title: Minimum Quantity for DAM PTP Obligation Bids
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Next Step:
Status: Approved on 08/12/2014
Effective Dates:
12/08/2014

Action

Date Gov Body Action Taken Next Steps
08/12/2014 BOARD Approved
06/26/2014 TAC Recommended for Approval ERCOT Board for consideration
06/11/2014 PRS Recommended for Approval TAC for consideration
05/15/2014 PRS Recommended for Approval PRS for Impact Analysis review

Voting Record

Date Gov Body Motion Result
08/12/2014 BOARD To approve NPRR619 as recommended by TAC in the 06/26/14 TAC Report Passed
06/26/2014 TAC To recommend approval as recommended by PRS in the 6/11/14 PRS Report Passed
06/11/2014 PRS To endorse and forward the 5/15/14 PRS Report and Impact Analysis to TAC Passed
05/15/2014 PRS To recommend approval 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: Apr 30, 2014
Sponsor: ERCOT
Urgent: No
Sections: 4.4.6.1
Description: This NPRR adds a one-tenth of one Megawatt (MW) minimum quantity for Point-to-Point (PTP) Obligation bids into the Day-Ahead Market (DAM). ERCOT has observed thousands of zero MW quantity PTP Obligation bids submitted daily, which represent a strain on ERCOT software and systems. This contributed to production issues experienced on February 25, 2014. Since the Protocols explicitly impose minimum bid/offer quantities for DAM Energy Bids and DAM Energy-Only Offers, ERCOT believes it is also appropriate to specify a minimum bid quantity for PTP Obligations. The proposed minimum bid quantity of one-tenth MW is the value of the smallest bid increment that ERCOT’s systems currently accept. The system change associated with this clarification will exclude zero MW bids from the DAM, which will preserve system resources for transactions that can be awarded.
Reason: Addresses operational issues

Key Documents

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