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VCMRR005
Summary
| Title | Fuel Index Price for Resource Definition and Real-Time Make-Whole Payments for Exceptional Fuel Cost Events |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 12/18/2014 |
| Effective Dates |
05/01/2015
Grey-box Section 7 until system implementation of NPRR664 01/01/2015
Section 7 |
Action
| Date | Gov Body | Action Taken | Next steps |
|---|---|---|---|
| 12/18/2014 | TAC | Approved | |
| 11/20/2014 | TAC | Deferred/Tabled | TAC for consideration |
| 10/29/2014 | WMS | Recommended for Approval | TAC for consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 12/18/2014 | TAC | To approve VCMRR005 as recommended by WMS in the 10/29/14 WMS Report and as amended by the 11/14/14 ERCOT comments; with an effective date of January 1, 2015 for the "Verification for Real-Time Make-Whole Payments for Exceptional Fuel Costs" provision and to discontinue the manual workaround of this section on May 1, 2015 (grey-box); and for VCMRR005 to be effective upon system implementation of NPRR664 of which ERCOT will revisit with TAC the rank and priority prior to project initiation. | Passed |
| 11/20/2014 | TAC | To table VCMRR005 for one month. | Passed |
| 10/29/2014 | WMS | To recommend approval of VCMRR005 as submitted. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Oct 27, 2014 |
| Sponsor: | RCWG |
| Urgent: | Yes |
| Sections: | Sections 1, 2, 3, and 7; Appendices 3, 5, 6, 7, 8 and 9. |
| Description: | This Verifiable Cost Manual Revision Request (VCMRR) will modify the Verifiable Cost Manual to incorporate the Fuel Index Price for Resource (FIPRr) and Real-Time Make-Whole Payment for exceptional fuel cost provisions. Resources may designate FIPRr based on the Gas Daily’s Waha index price (Waha Fuel price (WFP)), or the weighted price of the Gas Daily Fuel Index Price (FIP) and the WFP. The default FIPRr shall be the FIP. Resources that designate FIPRr based on WFP or the weighted price must submit documentation to ERCOT indicating such designation and provide proof of physical delivery from such areas, as described in the Verifiable Cost Manual. In addition, this VCMRR modifies the Verifiable Cost Manual to specify the verification requirements for the Real-Time Make-Whole Payment provision. |
| Reason: | Market efficiencies or enhancements Other: Revises the Verifiable Cost Manual to incorporate and provide the appropriate verification for FIPRr and Real-Time Make-Whole Payment for exceptional fuel cost provisions. |
Key Documents
Oct 27, 2014 - doc - 411.5 KB
Oct 28, 2014 - doc - 361 KB
Nov 3, 2014 - doc - 413 KB
Nov 14, 2014 - doc - 401 KB
Nov 19, 2014 - doc - 55 KB
Nov 21, 2014 - doc - 410.5 KB
Dec 19, 2014 - doc - 406 KB