Title Implementation of Operating Reserve Demand Curve (ORDC) Multi-Step Price Floor
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Status Approved on 10/12/2023


Date Gov Body Action Taken Next steps
10/12/2023 PUCT Approved
08/31/2023 BOARD Recommended for Approval PUCT for consideration
08/22/2023 TAC Recommended for Approval Board for consideration

Voting Record

Date Gov Body Motion Result
10/12/2023 PUCT To approve OBDRR048 and accompanying ERCOT Market Impact Statement as presented in Project No. 54445, Review of Rules Adopted by the Independent Organization Passed
08/31/2023 BOARD To recommend approval of OBDRR048 as recommended by TAC in the 8/22/23 TAC Report Passed
08/22/2023 TAC To recommend approval of OBDRR048 as submitted and the 8/11/23 Impact Analysis Passed


Status: Approved
Date Posted: Aug 11, 2023
Sponsor: ERCOT
Urgent: No
Sections: Methodology for Implementing Operating Reserve Demand Curve (ORDC) to Calculate Real-Time Reserve Price Adder
Description: The Other Binding Document Revision Request (OBDRR) adds two price floors to the Operating Reserve Demand Curve (ORDC): one at reserve levels below 6,500 megawatts (MW) ($20 per megawatt hour (MWh)), and another between 6,500 MW and 7,000 MW ($10 per MWh).
Reason: Regulatory requirements

Key Documents