MIS LOG IN

PRR667

Summary

Title: RPRS Uplift Charge and Under Scheduled Charge Correction
Next Group:
Next Step:
Status: Rejected on 05/24/2006

Action

Date Gov Body Action Taken Next Steps
07/06/2006 TAC Rejected Board notification
06/22/2006 PRS Recommended for Approval Consideration by TAC
05/24/2006 PRS Rejected Initial Language Review

Voting Record

Date Gov Body Motion Result
07/06/2006 TAC Recommend approval of PRR667 as submitted by PRS. Failed
06/22/2006 PRS Recommend approval as revised by Constellation's comments. Passed
05/24/2006 PRS Motion to grant urgent status Failed

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: Rejected
Date Posted: May 22, 2006
Sponsor: Constellation Energy
Urgent: Yes
Sections: 6.6.3.2.1, Specific Procurement Process Requirements for Replacement Reserve Service in the Adjustment Period; 6.9.2.1, Settlement for RPRS
Description: This PRR will correct an over collection and inequitable negative uplift charge, aligning RPRS payments with RPRS procurement costs.
Reason: When ERCOT procures PCRP, it collects more payments then are required to pay resources for the procurements, then uplifts the excess revenue collected on a load ratio share. This presents a gaming opportunity. This PRR fixes this issue and eliminates the ability to game the market due to over-collections period.

Key Documents

Related Content