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NPRR453
Summary
| Title | Separation of Year 1 and Year 2 of the Annual CRR Auctions by Timing |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 06/19/2012 |
| Effective Dates |
07/01/2012
|
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 06/19/2012 | BOARD | Approved | |
| 06/07/2012 | TAC | Recommended for Approval | ERCOT Board consideration of NPRR453 |
| 05/17/2012 | PRS | Recommended for Approval | TAC consideration of NPRR453 |
| 04/19/2012 | PRS | Recommended for Approval | PRS Impact Analysis review |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 06/19/2012 | BOARD | To approve NPRR453 as recommended by TAC in the 6/7/12 TAC Report. | Passed |
| 06/07/2012 | TAC | To recommend approval of NPRR453 as recommended by PRS in the 5/17/12 PRS Report and to grant NPRR453 Urgent status. | Passed |
| 05/17/2012 | PRS | to endorse and forward the 4/19/12 PRS Report and Impact Analysis for NPRR453 to TAC. | Passed |
| 04/19/2012 | PRS | To recommend approval of NPRR453 as revised by PRS. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Apr 2, 2012 |
| Sponsor: | ERCOT |
| Urgent: | Yes |
| Sections: | 7.3, 7.4.2, 7.5.1, 7.5.3 |
| Description: | This Nodal Protocol Revision Request (NPRR) outlines the Protocol changes needed to allow ERCOT to execute each year of the two-year annual Congestion Revenue Right (CRR) Auctions in separate bid and credit windows for each year to relieve market credit and improve the ability of ERCOT to efficiently execute and analyze the results. Annual CRR Auction processes and systems are already separated in terms of credit lock, modeling, bidding and auction optimization. These changes simply separate the two annual CRR Auctions to run sequentially during the year, rather than simultaneously, to eliminate overlapping annual credit lock exposure. |
| Reason: | Currently Year 1 and Year 2 of the annual CRR Auctions are run simultaneously. In November 2011, $1.6 billion in credit was locked for Year 1 and Year 2 of the annual CRR Auction and overlapped with the credit lock for the December monthly CRR Auction as well. |
Key Documents
Apr 2, 2012 - doc - 92 KB
Apr 2, 2012 - doc - 58.5 KB
Apr 23, 2012 - doc - 94.5 KB
May 2, 2012 - doc - 39.5 KB
May 21, 2012 - doc - 99.5 KB
Jun 7, 2012 - doc - 103.5 KB
Jun 19, 2012 - doc - 104 KB