- Home
- Market Rules
- Issues
NPRR800
Summary
| Title | Revisions to Credit Exposure Calculations to Use Electricity Futures Market Prices |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 02/14/2017 |
| Effective Dates |
02/07/2018
All sections except for Section 16.11.4.7 |
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 02/14/2017 | BOARD | Approved | |
| 01/26/2017 | TAC | Recommended for Approval | Revision Request Consideration |
| 01/19/2017 | PRS | Recommended for Approval | TAC for consideration |
| 09/15/2016 | PRS | Deferred/Tabled | Language Consideration |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 02/14/2017 | BOARD | To approve NPRR800 as recommended by TAC in the 1/26/17 TAC Report. | Passed |
| 01/26/2017 | TAC | To recommend approval of NPRR800 as recommended by PRS in the 1/19/17 PRS Report as amended by the 1/23/17 ERCOT comments. | Passed |
| 01/19/2017 | PRS | To grant NPRR800 Urgent status; to recommend approval of NPRR800 as amended by the 11/16/16 Credit WG comments; and to forward to TAC with a recommended priority of 2017 and rank of 1561 | Passed |
| 09/15/2016 | PRS | To table NPRR800 and refer the issue to the Credit Work Group (Credit WG). | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Aug 30, 2016 |
| Sponsor: | ERCOT |
| Urgent: | Yes |
| Sections: | 16.11.4.1, 16.11.4.3, 16.11.4.3.3, 16.11.4.7 |
| Description: | This Nodal Protocol Revision Request (NPRR) revises the Real-Time Liability Extrapolated (RTLE) and Day-Ahead Liability Extrapolated (DALE) factors used in the Counter-Party Estimated Aggregate Liability (EAL) and Minimum Current Exposure (MCE) calculations to use electricity futures mark-to-market prices for estimating forward risk. Forward adjustment factors for Real-Time Market (RTM) exposure and Day-Ahead Market (DAM) exposure are calculated using a ratio of futures average price to historic average price of a reference hub. Limits can be set so that forward adjustment factors would fall in a specified range by using a set of parameters. The parameters could be updated through stakeholder review and approval process. |
| Reason: | Market efficiencies or enhancements; Administrative |
Key Documents
800NPRR-01 Revisions to Credit Exposure Calculations to Use Electricity Futures Market Prices 083016
Aug 30, 2016 - doc - 771 KB
Aug 30, 2016 - doc - 57 KB
Sep 20, 2016 - doc - 760 KB
Sep 21, 2016 - doc - 40 KB
Dec 1, 2016 - doc - 926.5 KB
Nov 16, 2016 - doc - 926.5 KB
Jan 13, 2017 - doc - 40 KB
Jan 20, 2017 - doc - 948 KB
Jan 23, 2017 - doc - 914 KB
Jan 31, 2017 - doc - 948.5 KB
Feb 14, 2017 - doc - 950 KB