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NPRR807

Summary

Title: Day-Ahead Market Price Correction
Next Group:
Next Step:
Status: Withdrawn

Action

Date Gov Body Action Taken Next Steps
02/08/2018 PRS Deferred/Tabled Language Consideration
12/01/2016 PRS Deferred/Tabled Language Consideration

Voting Record

Date Gov Body Motion Result
02/08/2018 PRS To table NPRR807 and refer the issue to WMS. Passed
12/01/2016 PRS To table NPRR807 and refer the issue to WMS. 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Status: Withdrawn
Date Posted: Nov 14, 2016
Sponsor: ERCOT
Urgent: No
Sections: 4.5.3
Description: This Nodal Protocol Revision Request (NPRR) clarifies that price corrections will only be performed for the Day-Ahead Market (DAM) in the case where awards are not affected by the error (e.g., a correction at a logical combined cycle resource node where the generator did not participate in DAM). When both prices and awards are affected by an error, a price correction would cause price/dispatch inconsistency, and there is no mechanism under the Protocols to make Market Participants whole to their DAM bids and offers. In these situations, ERCOT proposes that published prices and awards be final to provide market certainty, as Market Participants begin making Real-Time decisions based on DAM results prior to the opportunity for price correction to occur.
Reason: Addresses current operational issues.

Key Documents

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