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NPRR619
Summary
| Title | Minimum Quantity for DAM PTP Obligation Bids |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 08/12/2014 |
| Effective Dates |
12/08/2014
|
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 08/12/2014 | BOARD | Approved | |
| 06/26/2014 | TAC | Recommended for Approval | ERCOT Board for consideration |
| 06/11/2014 | PRS | Recommended for Approval | TAC for consideration |
| 05/15/2014 | PRS | Recommended for Approval | PRS for Impact Analysis review |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 08/12/2014 | BOARD | To approve NPRR619 as recommended by TAC in the 06/26/14 TAC Report | Passed |
| 06/26/2014 | TAC | To recommend approval as recommended by PRS in the 6/11/14 PRS Report | Passed |
| 06/11/2014 | PRS | To endorse and forward the 5/15/14 PRS Report and Impact Analysis to TAC | Passed |
| 05/15/2014 | PRS | To recommend approval as submitted | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Apr 30, 2014 |
| Sponsor: | ERCOT |
| Urgent: | No |
| Sections: | 4.4.6.1 |
| Description: | This NPRR adds a one-tenth of one Megawatt (MW) minimum quantity for Point-to-Point (PTP) Obligation bids into the Day-Ahead Market (DAM). ERCOT has observed thousands of zero MW quantity PTP Obligation bids submitted daily, which represent a strain on ERCOT software and systems. This contributed to production issues experienced on February 25, 2014. Since the Protocols explicitly impose minimum bid/offer quantities for DAM Energy Bids and DAM Energy-Only Offers, ERCOT believes it is also appropriate to specify a minimum bid quantity for PTP Obligations. The proposed minimum bid quantity of one-tenth MW is the value of the smallest bid increment that ERCOT’s systems currently accept. The system change associated with this clarification will exclude zero MW bids from the DAM, which will preserve system resources for transactions that can be awarded. |
| Reason: | Addresses operational issues |
Key Documents
Apr 30, 2014 - doc - 88.5 KB
Apr 30, 2014 - doc - 55 KB
May 16, 2014 - doc - 101.5 KB
Jun 13, 2014 - doc - 102 KB
Jun 30, 2014 - doc - 104 KB
Aug 12, 2014 - doc - 105 KB