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OBDRR015
Summary
| Title | Linking of VOLL to the Effective SWCAP |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 06/11/2019 |
| Effective Dates |
06/12/2019
|
Action
| Date | Gov Body | Action Taken | Next steps |
|---|---|---|---|
| 06/11/2019 | BOARD | Approved | |
| 05/22/2019 | TAC | Recommended for Approval | Board for consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 06/11/2019 | BOARD | To approve OBDRR015 as recommended by TAC in the 5/22/19 TAC Report | Passed |
| 05/22/2019 | TAC | To recommend approval of OBDRR015 as submitted | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | May 15, 2019 |
| Sponsor: | ERCOT |
| Urgent: | No |
| Sections: | Methodology for Implementing Operating Reserve Demand Curve (ORDC) to Calculate Real-Time Reserve Price Adder |
| Description: | This Other Binding Document Revision Request (OBDRR) modifies the Value of Lost Load (VOLL) to be set equal to the System-Wide Offer Cap (SWCAP). This would result in VOLL changing from the High System-Wide Offer Cap (HCAP) to the Low System-Wide Offer Cap (LCAP) should the Peaker Net Margin (PNM) exceed the PNM threshold within an annual Resource adequacy cycle. |
| Reason: |
Key Documents
May 15, 2019 - docx - 66.7 KB
May 15, 2019 - docx - 28.9 KB
May 23, 2019 - docx - 70.5 KB
Jun 11, 2019 - docx - 71.6 KB