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NPRR621
Summary
| Title | Counter-Party Specific Calculations for M1 Variable |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 08/12/2014 |
| Effective Dates |
09/01/2014
|
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 08/12/2014 | BOARD | Approved | |
| 06/26/2014 | TAC | Recommended for Approval | 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 NPRR621 as recommended by TAC in the 6/26/14 TAC Report and as amended by the 7/23/14 ERCOT comments. | Passed |
| 06/26/2014 | TAC | To recommend approval of NPRR621 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 for NPRR621 to TAC. | Passed |
| 05/15/2014 | PRS | To recommend approval of NPRR621 as revised by PRS. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Apr 30, 2014 |
| Sponsor: | ERCOT |
| Urgent: | No |
| Sections: | 16.11.4.1, 16.11.4.3 |
| Description: | This Nodal Protocol Revision Request (NPRR) replaces the fixed value for M1 with a calculation that will be specific to each Counter-Party. This revision defines M1 as the minimum of the existing value of 20 and the sum of two components: · M1a -- Time period required to cover any termination event · M1b -- Time period to cover Mass Transitions onlyThe M1a component is applicable to all Counter-Parties. However, the M1b component will be applicable only to Counter-Parties with Load or generation. |
| Reason: | The existing Protocol methodology for computing Mass Transition risk does not reflect the market risk profile. The time required for Mass Transition will differ greatly depending on the number of Electric Service Identifiers (ESI IDs) held by a Counter-Party. In addition, Counter-Parties with neither Load nor Generation will not have transition risk. |
Key Documents
Apr 30, 2014 - doc - 223.5 KB
Apr 30, 2014 - doc - 55 KB
May 19, 2014 - doc - 227.5 KB
May 27, 2014 - doc - 39 KB
Jun 9, 2014 - doc - 55 KB
Jun 13, 2014 - doc - 230.5 KB
Jun 30, 2014 - doc - 232.5 KB
Jul 23, 2014 - doc - 204 KB
Jul 31, 2014 - doc - 204 KB
Aug 13, 2014 - doc - 262.5 KB