- Home
- Market Rules
- Issues
NPRR321
Summary
Title | Allow Change to Energy Offer Curve MW Amounts in the Adjustment Period (formerly "Allow Change to Energy Offer Curve MW Amounts in the Adjustment Period for Qualifying Facilities") |
---|---|
Next Group | |
Next Step | |
Status | Approved on 09/20/2011 |
Effective Dates |
12/09/2011
Section 4.4.9.3 09/26/2013
All remaining sections |
Action
Date | Gov Body | Action Taken | Next Steps |
---|---|---|---|
09/20/2011 | BOARD | Approved | |
08/04/2011 | TAC | Recommended for Approval | ERCOT Board consideration of NPRR321 |
07/21/2011 | PRS | Recommended for Approval | TAC consideration of NPRR321 |
06/23/2011 | PRS | Recommended for Approval | PRS Impact Analysis review |
05/19/2011 | PRS | Deferred/Tabled | PRS Impact Analysis review |
04/21/2011 | PRS | Recommended for Approval | PRS Impact Analysis review |
03/24/2011 | PRS | Deferred/Tabled | PRS language consideration |
Voting Record
Date | Gov Body | Motion | Result |
---|---|---|---|
09/20/2011 | BOARD | To approve NPRR321 as recommended by TAC in the 8/4/11 TAC Report. | Passed |
08/04/2011 | TAC | To recommend approval of NPRR321 as recommended by PRS in the 7/21/11 PRS Report. | Passed |
07/21/2011 | PRS | To endorse and forward the 6/23/11 PRS Report as amended by the 7/20/11 ERCOT comments, revised Impact Analysis and revised Cost Benefit Analysis for NPRR321 to TAC with a recommended priority of High and rank of 13.2. | Passed |
06/23/2011 | PRS | To endorse the 4/21/11 PRS Report as amended by the 5/17/11 Luminant Energy Company LLC comments and as revised by PRS and for NPRR321 to return to PRS for consideration of the Impact Analysis. | Passed |
05/19/2011 | PRS | To table NPRR321 for one month and to request that WMS have the QMWG review NPRR321 and examine potential impacts to the Day-Ahead Make-Whole Settlement mechanism. | Passed |
04/21/2011 | PRS | To recommend approval of NPRR321 as submitted. | Passed |
03/24/2011 | PRS | To table NPRR321 and to request that WMS review NPRR321. | Passed |
Background
Status: | Approved |
---|---|
Date Posted: | Feb 10, 2011 |
Sponsor: | Calpine |
Urgent: | No |
Sections: | 4.4.9.3, 5.5.2 |
Description: | This Nodal Protocol Revision Request (NPRR) would provide the ability for Resources to change the amounts of power in their Energy Offer Curves in the Adjustment Period. |
Reason: | Market experience thus far has shown that for Resources that do not desire to be price takers on Output Schedules, the Energy Offer Curve submitted and struck in the Day-Ahead Market (DAM) may become unrealistic in Real-Time. This NPRR would allow a Resource with an Energy Offer Curve to change the MW amounts for all the price-quantity pairs to adjust for changes in physical facility capabilities and market conditions which occur in Real Time. This allows more efficient pricing to the market due to the Resource owner’s ability to more closely optimize the pricing of energy based on actual conditions affecting the Resource, such as ambient temperature and quantities of Ancillary Service products that were awarded to the Resource in the DAM. |