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NPRR1086

Summary

Title Recovery, Charges, and Settlement for Operating Losses During an LCAP Effective Period
Next Group
Next Step
Status Approved on 08/19/2021
Effective Dates
08/20/2021

Action

Date Gov Body Action Taken Next Steps
08/19/2021 PUCT Approved
08/10/2021 BOARD Recommended for Approval PUCT for consideration
07/28/2021 TAC Recommended for Approval Board for consideration
07/21/2021 PRS Recommended for Approval TAC for consideration
07/15/2021 PRS Deferred/Tabled PRS for consideration

Voting Record

Date Gov Body Motion Result
08/19/2021 PUCT To approve NPRR1086 and accompanying ERCOT Market Impact Statement as presented in Project No. 52307 Passed
08/10/2021 BOARD To recommend approval of NPRR1086 as recommended by TAC in the 7/28/21 TAC Report Passed
07/28/2021 TAC To recommend approval of NPRR1086 as recommended by PRS in the 7/21/21 PRS Report as amended by the 7/27/21 TIEC comments; and the Revised Impact Analysis Passed
07/21/2021 PRS To recommend approval of NPRR1086 as amended by the 7/20/21 Luminant comments; and to forward to TAC NPRR1086 and the Impact Analysis with a recommended effective date of upon PUCT approval Passed
07/15/2021 PRS To grant NPRR1086 Urgent status and to table NPRR1086 Passed

Background

Status: Approved
Date Posted: Jul 14, 2021
Sponsor: ERCOT
Urgent: Yes
Sections: 2.1, 4.4.11, 6.8 (new), 6.8.1 (new), 6.8.2 (new), 6.8.3 (new), 6.8.3.1 (new), 6.8.3.1.1 (new), 6.8.3.2 (new), and 6.8.4 (new)
Description: This Nodal Protocol Revision Request (NPRR) aligns the Protocols with the order amending 16 TAC § 25.505 in Project No. 51871 (51871 Order), which modifies the value of the Low System-Wide Offer Cap (LCAP) by eliminating a provision that ties the value of LCAP to the natural gas price index, and adding a provision that ensures that a Resource Entity (through its Qualified Scheduling Entity (QSE)) can recover its actual marginal costs when a scarcity pricing situation occurs while the LCAP is in effect (LCAP Effective Period). An LCAP Effective Period occurs when the Peaker Net Margin (PNM) during a calendar year exceeds a threshold of three times the cost of new entry for new generation plants. During an LCAP Effective Period, the System-Wide Offer Cap (SWCAP) will be set to the LCAP for the remainder of the calendar year.
Reason: Meets Strategic goals / regulatory requirements

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