To recommend approval of NPRR1074 as recommended by PRS in the 4/15/21 PRS Report as amended by the 4/21/21 ERCOT comments, and the Impact Analysis for NPRR1074, with a recommended effective date of upon ERCOT Board approval
To grant NPRR1074 Urgent status; to recommend approval of NPRR1074 as submitted; and to forward to TAC NPRR1074
Passed
Background
Status:
Approved
Date Posted:
Apr 6, 2021
Sponsor:
Morgan Stanley Capital Group, Inc.
Urgent:
Yes
Sections:
9.19.1
Description:
This Nodal Protocol Revision Request (NPRR) changes the definition of “mp” in the credit default allocation calculations by changing “non-defaulting” to specify that the Market Participant has MWh activity in the reference month and is a currently-registered Qualified Scheduling Entity (QSE) or Congestion Revenue Right (CRR) Account Holder or voluntarily terminated its QSE or CRR Account Holder registration.
Reason:
The original language contemplated that only non-defaulting parties would be left to be invoiced for the default. This change notes that some Entities still exist that have defaulted and should still be assigned a share of a default.