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NPRR478
Summary
| Title | Extension of DAM QSE Offer and Bid Submission Deadline Due to ERCOT Systems Delays |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 12/11/2012 |
| Effective Dates |
01/01/2013
|
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 12/11/2012 | BOARD | Approved | |
| 11/01/2012 | TAC | Recommended for Approval | ERCOT Board consideration of NPRR478 |
| 10/18/2012 | PRS | Recommended for Approval | TAC consideration of NPRR478 |
| 09/20/2012 | PRS | Recommended for Approval | PRS Impact Analysis review |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 12/11/2012 | BOARD | To approve NPRR478 as recommended by TAC in the 11/1/12 TAC Report. | Passed |
| 11/01/2012 | TAC | To recommend approval of NPRR478 as recommended by PRS in the 10/18/12 PRS Report. | Passed |
| 10/18/2012 | PRS | To endorse and forward the 9/20/12 PRS Report and Impact Analysis for NPRR478 to TAC. | Passed |
| 09/20/2012 | PRS | To recommend approval of NPRR478 as amended by the 9/10/12 ERCOT comments. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Aug 21, 2012 |
| Sponsor: | Calpine |
| Urgent: | No |
| Sections: | 4.5.1 |
| Description: | This Nodal Protocol Revision Request (NPRR) extends the submission deadline for Qualified Scheduling Entities’ (QSEs’) bids and offers in the Day-Ahead Market (DAM) subsequent to a system-wide delay caused by a failure of ERCOT’s market applications. |
| Reason: | The current 1000 deadline for ERCOT to begin DAM execution can leave little or no time for QSE personnel to submit bids and offers when the DAM submission period is interrupted by delays, failures or outages in ERCOT’s market applications. The financial risk of missing the deadline with bids and/or offers, leaving a party fully exposed to Real-Time volatility, is not an acceptable outcome when the proximate cause was a failure of ERCOT’s systems to process transactions timely. This NPRR simply seeks to allow for as much time in the extension of the DAM submission timeline as is initially lost due to ERCOT’s system failures or delays. This provision would only be invoked by ERCOT if the failure affects the entire market and would not be invoked when the delay or failure is isolated to a Market Participants’ systems. |
Key Documents
Aug 21, 2012 - doc - 76.5 KB
Sep 10, 2012 - doc - 55.5 KB
Sep 21, 2012 - doc - 81 KB
Sep 25, 2012 - doc - 54.5 KB
Oct 22, 2012 - doc - 82.5 KB
Nov 1, 2012 - doc - 86.5 KB
Dec 11, 2012 - doc - 88 KB