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NPRR664

Summary

Title: Fuel Index Price for Resource Definition and Real-Time Make-Whole Payments for Exceptional Fuel Cost Events
Next Group:
Next Step:
Status: Approved on 11/06/2014
Effective Dates:
01/01/2015

Sections 2.2, 6.6.3.7, and 6.6.3.8

05/01/2015

Grey-box Sections 6.6.3.7 and 6.6.3.8 until system implementation

Action

Date Gov Body Action Taken Next Steps
12/09/2014 BOARD Approved
11/20/2014 TAC Recommended for Approval Board for consideration
11/06/2014 PRS Approved PRS for consideration

Voting Record

Date Gov Body Motion Result
12/09/2014 BOARD To approved NPRR664 as amended by the 11/24/14 ERCOT and 12/2/14 GDF SUEZ comments. Passed
11/20/2014 TAC To recommend approval of NPRR664 as recommended by PRS in the 11/6/14 PRS Report and as amended by the 11/18/14 GDF SUEZ comments with a recommended priority of 2015 and a rank of 1400; to discontinue the manual workaround of Sections 6.6.3.7 and 6.6.3.8 on May 1, 2015 (grey-box); and to request that ERCOT revisit with TAC the rank and priority of NPRR664 prior to project initiation. Passed
11/06/2014 PRS To grant NPRR664 Urgent status. 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: Oct 22, 2014
Sponsor: RCWG
Urgent: Yes
Sections: 2.1, 2.2, 3.14.1, 3.14.1.16, 4.4.9.2, 4.4.9.2.1, 4.4.9.2.3, 4.4.9.3.1, 4.4.9.3.3, 4.4.9.4.1, 4.4.9.4.2, 5.6.1, 5.7.1.1, 5.7.3, 6.6.3.7, 6.6.3.8, 6.6.6.2, 7.9.1.3, 9.5.3, 9.14.7
Description: This Nodal Protocol Revision Request (NPRR) introduces a Fuel Index Price for Resource (FIPRr). Resources may designate an FIPRr based on the Gas Daily’s Waha index price, or the weighted price of the Gas Daily Houston Ship Channel index price and the Gas Daily Waha index price. The default FIPRr shall be the Fuel Index Price (FIP). Resources that designate an FIPRr based on Waha index price or the weighted price must submit documentation to ERCOT indicating such designation and provide proof of physical delivery from such areas, as described in the Verifiable Cost Manual. In addition, a Real-Time Make-Whole Payment provision is included to address exceptional fuel cost events that are not resolved by the change to an FIPRr.
Reason: Addresses current operational issues Market efficiencies or enhancements Other: Provides for an FIPRr that more accurately reflects a Resource’s actual fuel cost; and allows recovery whenever Resources are mitigated below their actual cost due to exceptional fuel costs.

Key Documents

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