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NPRR325
Summary
| Title | Price Correction During SCED Process Failure |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 03/22/2011 |
| Effective Dates |
04/01/2011
|
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 03/22/2011 | BOARD | Approved | |
| 03/03/2011 | TAC | Recommended for Approval | ERCOT Board consideration of NPRR325 |
| 02/17/2011 | PRS | Recommended for Approval | TAC consideration of NPRR325 |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 03/22/2011 | BOARD | To approve NPRR325 as recommended by TAC in the 3/3/11 TAC Report. | Passed |
| 03/03/2011 | TAC | To recommend approval of NPRR325 as recommended by PRS in the 2/17/11 PRS Report. | Passed |
| 02/17/2011 | PRS | To recommend approval of NPRR325 as revised by PRS and to forward NPRR325 to TAC. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Feb 10, 2011 |
| Sponsor: | ERCOT |
| Urgent: | Yes |
| Sections: | 6.3, 6.5.9.2, 6.6.9 |
| Description: | This Nodal Protocol Revision Request (NPRR) clarifies the Settlement method that will be used if ERCOT identifies that Real-Time Settlement Point Prices are erroneous and correcting the error will affect Real-Time Dispatch. |
| Reason: | As noted in the Market Notice dated December 22, 2010, a software error resulted in system-wide negative Real-Time Locational Marginal Prices (LMPs) and Real-Time Settlement Point Prices for the first Settlement Interval (00:15) of Operating Day December 15, 2010. Because the current Nodal Protocols do not specify how erroneous intervals are settled, ERCOT Board approval of a Settlement methodology for the relevant Settlement Interval was required. On January 18, 2011, the ERCOT Board approved the price corrections as requested by ERCOT. If ERCOT identifies that the market solution is erroneous and correcting the error will affect the Base Points that were received by Qualified Scheduling Entities (QSEs) or if ERCOT identifies that the published Real-Time Settlement Point Prices were inconsistent with the Base Points that were received by QSEs, then there needs to be a defined method for settling the interval to ensure accurate accounting for electricity production and delivery among Market Participants.. This NPRR provides such a Settlement methodology. |
Key Documents
Feb 10, 2011 - doc - 99 KB
Feb 10, 2011 - doc - 43.5 KB
Feb 16, 2011 - xls - 46.5 KB
Feb 21, 2011 - doc - 105.5 KB
Mar 4, 2011 - doc - 109 KB
Mar 22, 2011 - doc - 109.5 KB