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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| Status | Withdrawn |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 |
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| Status: | Withdrawn |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
Nov 14, 2016 - doc - 93.5 KB
Nov 14, 2016 - doc - 55.5 KB
Dec 5, 2016 - doc - 83.5 KB
Jan 12, 2017 - doc - 39.5 KB
Feb 22, 2017 - doc - 64.5 KB
Mar 23, 2017 - doc - 61.5 KB
Dec 1, 2017 - doc - 65.5 KB
Jan 17, 2018 - doc - 70.5 KB
Feb 14, 2018 - doc - 40 KB
Feb 9, 2018 - doc - 91 KB
Feb 26, 2018 - doc - 68 KB
Feb 27, 2018 - doc - 42.5 KB
Mar 2, 2018 - doc - 39.5 KB
Mar 23, 2018 - doc - 43 KB
Apr 5, 2018 - doc - 39.5 KB
Jun 5, 2018 - doc - 73.5 KB
Jun 6, 2018 - doc - 44 KB