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NPRR586
Summary
| Title | Align Credit Lock for CRR Auctions with Transaction Submission Deadline |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 04/08/2014 |
| Effective Dates |
10/01/2014
|
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 04/08/2014 | BOARD | Approved | |
| 02/27/2014 | TAC | Recommended for Approval | ERCOT Board for consideration |
| 02/13/2014 | PRS | Recommended for Approval | TAC for consideration |
| 01/16/2014 | PRS | Recommended for Approval | PRS for IA review. |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 04/08/2014 | BOARD | To approved NPRR586 as recommended by TAC in the 2/27/14 TAC Report. | Passed |
| 02/27/2014 | TAC | To recommend approval of NPRR586 as recommended by PRS in the 2/13/14 PRS Report. | Passed |
| 02/13/2014 | PRS | To endorse and forward the 1/16/14 PRS Report as amended by the 1/23/14 ERCOT comments and Impact Analysis for NPRR586 to TAC with a recommended priority of 2014 and rank of 895. | Passed |
| 01/16/2014 | PRS | To recommend approval of NPRR586 as submitted. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Dec 10, 2013 |
| Sponsor: | Reliant Energy |
| Urgent: | No |
| Sections: | 7.5.2 and 16.11.4.6.1 |
| Description: | This Nodal Protocol Revision Request (NPRR) aligns the deadline to allocate credit for a Congestion Revenue Right (CRR) Auction with the transaction submission deadline for that CRR Auction. |
| Reason: | The current CRR Auction credit lock process requires credit to be allocated for a CRR Auction no later than three Business Days prior to the close of the CRR transaction submission deadline. This results in an inefficient and unnecessary utilization of credit during the period when credit is locked and the transaction submission window is not closed. In addition, events may occur after the credit lock deadline that impact the valuation of a CRR Account Holder’s portfolio of bids and offers. Currently, a CRR Account Holder, through its Counter-Party, is prevented from increasing or decreasing the credit allocated to an auction as a result of an event which occurs after the credit lock deadline but prior to transaction submission. Therefore, this NPRR will allow the amount of credit locked for an auction to be consistent with the submitted CRR portfolios. |
Key Documents
Dec 11, 2013 - doc - 64.5 KB
Dec 13, 2013 - doc - 39.5 KB
Jan 20, 2014 - doc - 71 KB
Feb 6, 2014 - doc - 54.5 KB
Feb 3, 2014 - doc - 56 KB
Feb 18, 2014 - doc - 66 KB
Mar 3, 2014 - doc - 69 KB
Apr 8, 2014 - doc - 69.5 KB