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NPRR338

Summary

Title Modifications to Support Revenue Neutrality
Next Group
Next Step
Status Approved on 07/19/2011
Effective Dates
12/01/2011

Action

Date Gov Body Action Taken Next Steps
07/19/2011 BOARD Approved
06/02/2011 TAC Recommended for Approval Board consideration
05/19/2011 PRS Recommended for Approval TAC consideration
04/21/2011 PRS Recommended for Approval PRS review the IA

Voting Record

Date Gov Body Motion Result
07/19/2011 BOARD To approve NPRR338 as recommended by TAC in the 6/2/11 TAC Report. Passed
06/02/2011 TAC To recommend approval of NPRR338 as recommended by PRS in the 5/19/11 PRS Report Passed
05/19/2011 PRS To endorse and forward the 4/21/11 PRS Report, Impact Analysis and Cost Benefit Analysis for NPRR338 to TAC and to recommend a priority of High and a rank of 21. Passed
04/21/2011 PRS To recommend approval of NPRR338 as submitted. Passed

Background

Status: Approved
Date Posted: Mar 17, 2011
Sponsor: ERCOT
Urgent: No
Sections: 9.2.5, 9.19
Description: This Nodal Protocol Revision Request (NPRR) deducts the amount collected for the shortfall charges for Congestion Revenue Right (CRR) Owners from the amount received on all Real-Time Market (RTM) Invoices prior to prorating the payout to the RTM Invoice Recipients. It also adds language to allow ERCOT to resettle the Day-Ahead Market (DAM) in the event that a DAM Settlement error, which does not otherwise meet the Protocol requirements for resettlement, will impact ERCOT’s ability to achieve revenue neutrality.
Reason: The reasons for this revision are: 1) To facilitate revenue neutrality in the CRR Balancing Account closure process in the event of a short payment on the RTM Invoices. The amount collected from the RTM Invoices for the monthly refunds to the short-paid Day-Ahead CRR Owners should be deducted before calculating the pro-rated payout to the short-paid RTM Invoice Recipients. This is consistent with the treatment of those funds for RTM Invoice payout when there is not a short-pay.To facilitate ERCOT’s revenue neutrality by allowing ERCOT to perform a DAM Resettlement Statement to resolve a DAM Settlement error that impacts ERCOT’s ability to achieve revenue neutrality.

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