To approve NPRR1104 and accompanying ERCOT Market Impact Statement as presented in Project No. 52307, Review of Rules Adopted by the Independent Organization in Calendar Year 2021
To grant NPRR1104 Urgent status; to recommend approval of NPRR1104 as submitted; and to forward to TAC NPRR1104 and the Impact Analysis
Passed
Background
Status:
Approved
Date Posted:
Nov 2, 2021
Sponsor:
ERCOT
Urgent:
Yes
Sections:
16.11.4.3
Description:
This Nodal Protocol Revision Request (NPRR) corrects the definition of Real Time Liability Extrapolated (RTLE) to include market activity for Entities that have no Load or generation but have Real-Time exposure. It has come to ERCOT’s attention that the current definition of RTLE is erroneously tied to Qualified Scheduling Entities (QSEs) that represent Load or generation, and conflicts with the implementation of RTLE in ERCOT’s credit system.