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NPRR570
Summary
| Title | Reduce RTM Settlement Timeline to Operating Day Plus Five |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 11/19/2013 |
| Effective Dates |
01/01/2014
Sections 4.2.1.2 and 9.5.4 05/01/2014
All remaining sections |
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 11/19/2013 | BOARD | Approved | |
| 11/07/2013 | TAC | Recommended for Approval | ERCOT Board for consideration. |
| 10/17/2013 | PRS | Recommended for Approval | TAC for consideration. |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 11/19/2013 | BOARD | To approve NPRR570 as recommended by TAC in the 11/7/13 TAC Report. | Passed |
| 11/07/2013 | TAC | To recommend approval of NPRR570 as recommended by PRS in the 10/17/13 PRS Report and as amended by the 10/31/13 ERCOT comments with an effective date of 1/1/14 for phase one and a recommended priority of 2014 and rank of 1030 for phase two targeting a 5/1/14 effective date. All Market Segments were present for the vote. | Passed |
| 10/17/2013 | PRS | To recommend approval of NPRR570 as amended by the 10/10/13 COPS comments and to forward NPRR570 to TAC. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Sep 30, 2013 |
| Sponsor: | Harika Basaran and Jim Galvin on behalf of COPS and the Communications and Settlements Working Group (CSWG) |
| Urgent: | Yes |
| Sections: | 2.1, 9.5.2, 9.5.4, 9.5.5, 10.8.1.2 |
| Description: | This NPRR proposes a phased approach to change the posting date for the Real-Time Market (RTM) Initial Settlement Statement from seven days after the Operating Day to five days after the Operating Day and changes the posting date of the Final Settlement Statement from the 57th day after the Operating Day to the 55th day after the Operating Day. |
| Reason: | This NPRR addresses concerns raised in regards to the impact of the increase to the high SWCAP pursuant to the adoption of amendments to P.U.C. Subst. R. 25.505. COPS held two workshops, on 8/29/13 and 9/10/13, to discuss how to reduce the RTM Settlement timeline further, given the successful implementation of NPRR509, Shortened RTM Settlement Timeline. Market Participants reached a compromise to continue with a two phased approach as in NPRR509 with an objective of RTM Initial Settlement on Operating Day plus five by 6/1/2014. COPS continues to discuss aspects related to impacts, tradeoffs, benefits, and potential solutions for RTM Settlement on a faster timeline. |
Key Documents
Sep 30, 2013 - doc - 76.5 KB
Oct 10, 2013 - doc - 58 KB
Oct 21, 2013 - doc - 81 KB
Oct 31, 2013 - doc - 38 KB
Oct 31, 2013 - doc - 62 KB
Nov 5, 2013 - doc - 57.5 KB
Nov 7, 2013 - doc - 90 KB
Nov 22, 2013 - doc - 91 KB