Creation of a New Trading Hub at Venus Switching Station
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Withdrawn
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No updates have been made to this issue.
Voting Record
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Background
Status:
Withdrawn
Date Posted:
Apr 11, 2008
Sponsor:
DB Energy Trading
Urgent:
No
Sections:
3.5.2.7, Venus 345 kV Hub (Venus 345) (New)
Description:
This Nodal Protocol Revision Request (NPRR) creates a new trading hub at the Venus Switching Station.
Reason:
The Venus Bus has been traded commercially but is not a Settlement Point. This NPRR would allow appropriate scheduling and Settlement of Venus by creating a Hub. Without this revision, many bilateral agreements traded in the past for future (nodal) dates will have a scheduling point which does not exist, leading to contention and litigation among many Market Participants to resolve where to schedule and how to price these bilateral contracts. Many Market Participants have traded many times on this point.
