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NPRR714

Summary

Title: Real-Time Make-Whole Payment for Exceptional Fuel Cost
Next Group:
Next Step:
Status: Approved on 10/13/2015
Effective Dates:
11/01/2015
06/01/2017

Sunset

Action

Date Gov Body Action Taken Next Steps
10/13/2015 BOARD Approved
09/24/2015 TAC Recommended for Approval Revision Request Consideration
09/10/2015 PRS Recommended for Approval Revision Request Consideration
08/13/2015 PRS Deferred/Tabled Impact Analysis Consideration
07/16/2015 PRS Recommended for Approval Impact Analysis Consideration

Voting Record

Date Gov Body Motion Result
10/13/2015 BOARD To approve NPRR714 as recommended by TAC in the 9/24/15 TAC Report. Passed
09/24/2015 TAC To recommend approval of NPRR714 as recommended by PRS in the 9/10/15 PRS Report with a sunset date of 6/1/17. Passed
09/10/2015 PRS To endorse and forward to TAC the 8/13/15 PRS Report and Impact Analysis (Option 2) for NPRR714 with an effective date of November 1, 2015 (manual) and a recommended priority of 2015 and a rank of 1370 (partial automation). Passed
08/13/2015 PRS To table NPRR714. Passed
07/16/2015 PRS To recommend approval of NPRR714 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: Jun 30, 2015
Sponsor: GDF SUEZ
Urgent: No
Sections: 6.6.3.7, 6.6.3.8, 9.5.3
Description: Nodal Protocol Revision Request (NPRR) 664, Fuel Index Price for Resource Definition and Real-Time Make-Whole Payments for Exceptional Fuel Cost Events, included a Real-Time Make-Whole Payment provision to address exceptional fuel cost events that are not resolved by a change to the Fuel Index Price for Resource (FIPRr). ERCOT implemented a manual process to satisfy the requirements of these sections until May 1, 2015, at which time Sections 6.6.3.7 and 6.6.3.8 were grey boxed pending an automated solution. This NPRR restores the manual process for Real-Time Make-Whole Payments and Charges to address exceptional fuel cost events; and includes revisions that clarify and improve the Settlement calculations for the manual process consistent with the intent of NPRR664.
Reason: Addresses current operational issues. Market efficiencies or enhancements

Key Documents

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