Issues

NPRR326

Summary
Action
Voting Record
Background
Key Documents

Summary

Title	Adjust the Calculation of the Real-Time Settlement Point Price for a Resource Node
Next Group
Next Step
Status	Approved on 06/21/2011
Effective Dates	02/24/2012

Action

Date	Gov Body	Action Taken	Next Steps
06/21/2011	BOARD	Approved
05/05/2011	TAC	Recommended for Approval	ERCOT Board consideration of NPRR326
04/21/2011	PRS	Recommended for Approval	TAC consideration of NPRR326
03/24/2011	PRS	Recommended for Approval	PRS Impact Analysis review

Date

Gov Body

Action Taken

Next Steps

06/21/2011

BOARD

Approved

05/05/2011

TAC

Recommended for Approval

ERCOT Board consideration of NPRR326

04/21/2011

PRS

Recommended for Approval

TAC consideration of NPRR326

03/24/2011

PRS

Recommended for Approval

PRS Impact Analysis review

Voting Record

Date	Gov Body	Motion	Result
06/21/2011	BOARD	To approve NPRR326 as recommended by TAC in the 5/5/11 TAC Report.	Passed
05/05/2011	TAC	To recommend approval of NPRR326 as recommended by PRS in the 4/21/11 PRS Report.	Passed
04/21/2011	PRS	To endorse and forward the 3/24/11 PRS Report and Impact Analysis for NPRR326 to TAC and to recommend a priority of High and a rank of 12.9.	Passed
03/24/2011	PRS	To recommend approval of NPRR326 as submitted.	Passed

Date

Gov Body

Motion

Result

06/21/2011

BOARD

To approve NPRR326 as recommended by TAC in the 5/5/11 TAC Report.

Passed

05/05/2011

TAC

To recommend approval of NPRR326 as recommended by PRS in the 4/21/11 PRS Report.

Passed

04/21/2011

PRS

To endorse and forward the 3/24/11 PRS Report and Impact Analysis for NPRR326 to TAC and to recommend a priority of High and a rank of 12.9.

Passed

03/24/2011

PRS

To recommend approval of NPRR326 as submitted.

Passed

Background

Status:	Approved
Date Posted:	Feb 10, 2011
Sponsor:	ERCOT
Urgent:	No
Sections:	6.6.1.1
Description:	This Nodal Protocol Revision Request (NPRR) adjusts the calculation of the Real-Time Settlement Point Price for a Resource Node. The adjustment is to remove the Base Point weighting of the Real-Time Locational Marginal Prices (LMPs).
Reason:	The current method of calculating payments and charges of Point-to-Point (PTP) Obligations and PTP Options settled in Real-Time based on Base Point weighted Real-Time Settlement Point Prices can lead to payments and charges when there is no congestion, which are not supported by congestion rent and can lead to Real-Time Revenue Neutrality Allocation uplift. With the implementation of this NPRR, payments and charges for PTP Obligations and PTP Options settled in Real-Time will be more accurate and should only occur when there is Real-Time congestion.