- Home
- Market Rules
- Issues
NPRR416
Summary
| Title | Creation of the RUC Resource Buyback Provision (formerly "Removal of the RUC Clawback Charge for Resources Other than RMR Units") |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 07/17/2012 |
| Effective Dates |
01/01/2013
Sections 5.5.2(11) and 5.5.2(12) 01/07/2014
All remaining sections |
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 07/17/2012 | BOARD | Approved | |
| 06/28/2012 | TAC | Recommended for Approval | ERCOT Board consideration of NPRR416 |
| 06/21/2012 | PRS | Recommended for Approval | TAC consideration of NPRR416 |
| 05/17/2012 | PRS | Deferred/Tabled | PRS Impact Analysis review |
| 04/19/2012 | PRS | Recommended for Approval | PRS Impact Analysis review |
| 03/22/2012 | PRS | Deferred/Tabled | PRS language consideration |
| 11/17/2011 | PRS | Deferred/Tabled | PRS language consideration |
| 10/20/2011 | PRS | Deferred/Tabled | PRS language consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 07/17/2012 | BOARD | To approve NPRR416 as recommended by TAC in the 6/28/12 TAC Report. | Passed |
| 06/28/2012 | TAC | To recommend approval of NPRR416 as recommended by PRS in the 6/21/12 PRS Report and as revised by TAC. | Passed |
| 06/21/2012 | PRS | To endorse and forward the 4/19/12 PRS Report as amended by the 6/20/12 ERCOT comments and Impact Analysis for NPRR416 to TAC with a recommended priority of 2012 and rank of 365. | Passed |
| 05/17/2012 | PRS | To table NPRR416 for one month. | Passed |
| 04/19/2012 | PRS | To recommend approval of NPRR416 as amended by the 4/18/12 STEC comments and as revised by PRS. | Passed |
| 03/22/2012 | PRS | To table NPRR416 and to request that WMS review NPRR416. | Passed |
| 11/17/2011 | PRS | To table NPRR416. | Passed |
| 10/20/2011 | PRS | To table NPRR416 for one month and to request that ERCOT submit comments regarding its concerns over behavioral issues with respect to the 50% RUC Clawback Charge and the implications of removing the charge on RUC execution. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Sep 20, 2011 |
| Sponsor: | Exelon, Calpine |
| Urgent: | No |
| Sections: | 2.1, 3.9.1, 5.5.2, 5.6.2, 5.7.2, 5.7.6, 6.4.6 |
| Description: | This Nodal Protocol Revision Request (NPRR) adds a buyback provision for Resources committed by ERCOT’s Reliability Unit Commitment (RUC) process that allows all RUC Clawback Charges associated with the RUC commitment to be waived and RUC Make-Whole Payments to be forfeited. |
| Reason: | The existence of the RUC clawback is leading to inefficient scheduling of units, inefficient RUC selection in the Day-Ahead Market (DAM) and hourly market. The clawback negatively affects valid hedging strategies. The lack of necessity for the clawback mechanism tied to Resource DAM participation, in light of the other incentives for DAM participation, was recognized in early review of the Nodal Protocols in Public Utility Commission of Texas (PUCT) Docket No. 31540, Proceeding to Consider Protocols to Implement a Nodal Market in the Electric Reliability Council of Texas (ERCOT) Pursuant To P.U.C. Subst .R. 25.501: "What is your recommendation regarding the clawback provisions? I recommend the elimination of the clawback provisions. I have confidence in the incentives created by the day-ahead and real-time prices to promote full participation by both loads and suppliers in the day-ahead market. Some have argued that the lack of a mandatory offer requirement in the day-ahead market may make these provisions necessary. However, the Midwest IS0 does not have a mandatory offer requirement, but nevertheless enjoys relatively full participation in the day-ahead market by both supply and demand." Direct Testimory of David B. Patton, President, Potomac Economics Ltd., on behalf of the PUCT Staff, November 20, 2005. |
Key Documents
Sep 28, 2011 - doc - 118 KB
Oct 11, 2011 - doc - 41 KB
Oct 17, 2011 - doc - 37.5 KB
Oct 24, 2011 - doc - 115 KB
Nov 9, 2011 - doc - 38 KB
Nov 21, 2011 - doc - 116 KB
Dec 9, 2011 - doc - 38 KB
Jan 12, 2012 - doc - 38 KB
Feb 17, 2012 - doc - 38 KB
Mar 19, 2012 - doc - 142 KB
Mar 20, 2012 - doc - 150 KB
Mar 21, 2012 - doc - 141 KB
Mar 21, 2012 - doc - 150.5 KB
Mar 26, 2012 - doc - 125.5 KB
Mar 26, 2012 - xls - 97.5 KB
Apr 2, 2012 - doc - 161 KB
Apr 16, 2012 - doc - 159 KB
Apr 18, 2012 - doc - 161.5 KB
Apr 18, 2012 - doc - 162.5 KB
Apr 18, 2012 - doc - 166 KB
Apr 20, 2012 - doc - 204 KB
May 2, 2012 - doc - 159.5 KB
May 10, 2012 - doc - 178.5 KB
May 15, 2012 - doc - 50.5 KB
May 21, 2012 - doc - 203 KB
Jun 14, 2012 - doc - 58 KB
Jun 20, 2012 - doc - 169.5 KB
Jun 21, 2012 - doc - 219.5 KB
Jun 21, 2012 - xls - 122.5 KB
Jun 22, 2012 - doc - 168.5 KB
Jun 26, 2012 - doc - 58 KB
Jun 29, 2012 - doc - 219.5 KB
Jun 29, 2012 - xls - 96 KB
Jul 18, 2012 - doc - 221 KB