3/1/21, 4:30 PM

W-B030121-01 Short Payments for Failure to Make Invoice Payments

NOTICE DATE: March 1, 2021

NOTICE TYPE: W-B030121-01 Settlements

SHORT DESCRIPTION: Short Payments for Failure to Make Invoice Payments

INTENDED AUDIENCE: QSE and CRRAH Settlement Personnel

DAYS AFFECTED: Settlement Invoices due for payout on March 1, 2021

LONG DESCRIPTION: Qualified Scheduling Entities (QSEs) and Congestion Revenue Right Account Holders (CRRAHs) that are owed monies from ERCOT on Settlement Invoices due for payout on March 1, 2021, will notice that the amount of funds transferred is short of the balance payable on the Settlement Invoices.

For Settlement Invoices with payout dates of Friday, February 26, 2021, and Monday, March 1, 2021, as authorized under the authority granted to ERCOT by Commission order on February 21, 2021, in Project No. 51812, ERCOT utilized $800 million from CRR Auction revenue funds held by ERCOT and netted some Settlement Invoices to help protect the liquidity of the financial market in the ERCOT Region. ERCOT’s use of this iterative process resulted in Settlement Invoice adjustments for invoices dated February 26, 2021 or March 1, 2021. The resulting impact is that the short pay amounts are correct over the two day period but any one single day may have discrepancies. Accordingly, some adjustments may be necessary and miscellaneous invoices will be issued to reflect such adjustments.

The cumulative total amounts, including any necessary Invoice adjustments, represent the final allocation of short payments through Invoice payout date March 1, 2021.

ERCOT initiates the short payment procedure when a Market Participant fails to make a complete payment for Settlement Invoices. In accordance with ERCOT Protocol Section 9.19, ERCOT will draw from available Financial Security provided by short-paying Market Participants. Funds received from Financial Security will be allocated to short paid Invoice Recipients as soon as possible. Furthermore, ERCOT will deduct any applicable ERCOT Administrative fees, payments for Reliability-Must-Run (RMR) services, and the CRR Balancing Account from the amount received, and then reduce payments to all Invoice Recipients owed monies. The reductions will be made on a pro-rata basis of monies owed to each ERCOT creditor to the extent necessary to clear ERCOT's accounts on the payment date to ensure revenue neutrality for ERCOT.

Please be advised that going forward, ERCOT will include the identity of short-paying Invoice Recipients and the dollar amount attributable to the Invoice Recipient pursuant to ERCOT Protocol Section 9.7.3. Furthermore, in a subsequent Market Notice to be issued on Wednesday, March 3, 2021, ERCOT will identify any remaining short-paying Invoice Recipients on Invoices with payout dates of February 26, 2021, and March 1, 2021.

Invoice Payout Date:



Miscellaneous  Invoices


Operating Dates:

DAM 2/18/2021 through 2/21/2021

RTM Initial 2/15/2021 through 2/18/2021

RTM Final 12/27/2020 through 12/30/2020

RTM True-Up 8/24/2020 through 8/27/2020

DAM 2/22/2021

RTM Initial 2/19/2021

RTM Final 12/31/2020

RTM True-Up 08/28/2020



Invoice Amounts Due to Market

 $ 13,870,970,776.40

 $ 1,726,122,755.36


 $ 15,597,093,531.76

Total Amount Short Paid:

 $   2,116,581,108.43

 $    345,070,397.54


 $   2,461,651,505.97

Application of CRR Auction Revenue Funds:

 $      800,000,000.00

 $                          -  


 $      800,000,000.00

Net Amount Short Paid:

 $   1,316,581,108.43

 $    345,070,397.54


 $   1,661,651,505.97

Total Cash Paid Out to Market:

 $ 12,554,389,666.81

 $      89,720,020.97


 $ 12,644,109,687.78

Allocation Adjustment and Recovery


 $    867,486,720.09

 $            423,845,616.19

 $   1,291,332,336.28

Total Amount Paid Out to Market:

 $ 12,554,389,666.81

 $    957,206,741.06

 $            423,845,616.19

 $ 13,935,442,024.06


CONTACT: If you have any questions, please contact your ERCOT Account Manager. You may also call the general ERCOT Client Services phone number at (512) 248-3900 or contact ERCOT Client Services via email at

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