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Wholesale Market Subcommittee (WMS) Meeting

May 09, 2012
09:30 AM - 04:00 PM
ERCOT Austin
8000 Metropolis (Building E), Suite 100
Austin, TX 78744
Room 206
Teleconference: 877-668-4493
Meeting number: 658 298 420
Meeting password: WMSm123!!

Agenda

1.

Antitrust Admonition 

E. Goff

9:30 a.m.

2.

Approval of Meeting Minutes (Vote)

  • April 11, 2012 

E. Goff

9:35 a.m.

3.

ERCOT Technical Advisory Committee (TAC) and Public Utility Commission of Texas (PUCT) Updates 

E. Goff

9:40 a.m.

4.

TAC Assignments (Possible Vote)

  • NPRR418, Reporting of Resource Forced Outages - QMWG
  • Criteria for Load Provided Capacity - DSWG/RCWG
  • Reliability Unit Commitment (RUC) Settlement - QMWG
  • Emergency Response Service (ERS) Qualified Scheduling Entity (QSE) Performance Measurement and Compliance - DSWG and QMWG
  • Day-Ahead Market (DAM) and Real-Time Market (RTM) Price Finalization and Correction Timing and Procedures - RCWG
  • NPRR449, Reduce Maximum CRR Transaction Limit in Auctions - Review Process and Timelines Associated with Setting Transaction Limits for Future CRR Auctions NPRR456, Clarification of Definition of Electrically Similar Settlement Points and Heuristic Pricing Posting - CMWG
  • Other TAC Assignments 

E. Goff

9:50 a.m.

5.

ERCOT Operations and Market Items:

  • Implementation of NPRR351, SCED Look-Ahead Step 1: Pricing: Calculate Non-Binding Prices and Base Points for Initial Research into SCED Look-Ahead and allow Consumers to have a Forward Price Projection
  • 30-Minute ERS Pilot Project - ERCOT Presentation
  • Overview of current Seasonal Assessment of Resource Adequacy (SARA)
    • Synchronization with Long Term 36 Month Forecast

 

J. Robinson

  

M. Patterson 

W. Lasher

 

10:15 a.m.

6.

NPRR385, Security Violation Analysis and Reporting and Negative Price Floor - (Possible Vote)  

E. Goff

10:45 a.m.

7.

NPRR425, Creation of a Wind Resource Group for GREDP and Base Point Deviation Evaluation - (Possible Vote

E. Goff

11:00 a.m.

8.

NPRR429, HASL Offset Provision - (Possible Vote

E. Goff

11:15 a.m.

9.

NPRR438, Additional Minimum Counter-Party Qualification Requirements, Including Risk Management Capability Requirements - (Possible Vote

E. Goff

11:30 a.m.

10.

NPRR458, Establishment of ERCOT’s Central Counterparty Role - (Possible Vote)

 

E. Goff

11:45 a.m.

 

Lunch

 

 

12:00 p.m.

11.

NPRR459, Better Matching Forward Collateralization with Forward Risk in the Real-Time Market - (Possible Vote

E. Goff

1:00 p.m.

12.

NPRR460, Modify Wind Generation Resource Ramp Rate Limit - (Possible Vote

E. Goff

1:15 p.m.

13.

DRAFT NPRR, Increased Liquidity and Flexibility in CRR Auctions - (Possible Vote

E. Goff

1:30 p.m.

14.

NPRR461, Energy Storage Settlements consistent with PUCT Project 39917 - (Possible Vote

E. Goff

1:45 p.m.

15.

PGRR018, Clarify the Prerequisites for Adding a New Generation Resource to the Planning Models and Capacity Demand and Reserves Report - (Possible Vote

E. Goff

2:00 p.m.

16.

Generation Adequacy Task Force (GATF)

  • Status of the current Loss of Load Probability (LOLP) study
  • Status of next Capacity, Demand, and Reserves (CDR) Report 
  • Discuss synchronization of GATF and Planning Working Group (PLWG) activities  

A. Pieniazek

2:15 p.m.

17.

Resource Cost Working Group (RCWG)

  • RCWG Vice Chair (Vote)
  • NPRR432, Deployment of Resources to Alleviate Anticipated Emergency Conditions
    • Draft NPRR on Clawback of Capital Contributions  (Possible Vote)
  • Operational and Settlement Changes for RMR Resources (Possible Vote)
  • DAM and RTM Price Correction Timing - Update
  • Over-Mitigation in SCED for Quick-Start Generation Resources (QSGRs)

J. Bevill

 

2:45 p.m.

18.

Congestion Management Working Group (CMWG)

  • General Update
  • CRR Subgroup Report
  • Constraint Competitiveness Tests (CCT) - Over-mitigation in SCED
  • NPRR463, CRR Auction Structure Enhancements 

M. Wagner

3:00 p.m.

19.

Demand Side Working Group (DSWG)

  • General Update
  • ERS Load Portfolio Compliance
  • Load Provided Capacity
  • Price Responsive Load Settlement

T. Carter

3:15 p.m.

20.

Market Credit Working Group (MCWG)

  • General Update
  • Impact of Power Balance Penalty Curve Modifications on Credit Requirements
  • NPRR347, Single Daily Settlement Invoice and Updates to Credit Calculations, including addition of a Minimum Collateral Exposure Component - Implementation Update
  • NPRR400, Eliminate Unsecured Credit for CRR Auctions and for Future Credit Exposure and Eliminate Netting of FCE with CCE - Implementation Update

M. Holler

 

3:30 p.m.

21.

QSE Managers Working Group (QMWG)

  • ERS QSE Performance Measurement and Compliance (ERS Generator)
  • NPRR444, Supplemental Reliability Deployments - 0-LSL provision
  • SCED Time Delay
  • NPRR460, WGR Ramp Rate Limitations

S. Looney

 

 

3:45 p.m.

22.

Other Business

  • Market Transparency of DC Tie Outages 

E. Goff

4:00 p.m.

 

Emerging Technology Working Group (ETWG) - No Update 

M. Bruce

 

 

Metering Working Group (MWG) - No Update 

D. DiSanto

 

 

Reliability Deployments Task Force (RDTF) - No Update 

R. Comstock

 

 

Adjourn

 

4:00 p.m.

Scheduled WMS Meetings

Key Documents

May 7, 2012 - doc - 60.5 KB
Sep 6, 2012 - doc - 138.5 KB
May 2, 2012 - doc - 120 KB
May 3, 2012 - ppt - 433.5 KB
May 8, 2012 - ppt - 533 KB
May 14, 2012 - xls - 300.5 KB
May 18, 2012 - xls - 107 KB
May 7, 2012 - ppt - 116 KB
May 3, 2012 - ppt - 783.5 KB
May 9, 2012 - ppt - 141 KB
May 14, 2012 - ppt - 124 KB
May 9, 2012 - ppt - 114 KB

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