MIS LOG IN

NPRR326

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

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

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.

Key Documents

Related Content