To recommend approval of NPRR829 as recommended by PRS in the 8/11/17 PRS Report and as revised by TAC; and endorsed the revised Impact Analysis for NPRR829.
To endorse and forward to TAC the 7/20/17 PRS Report as amended by the 8/9/17 ERCOT comments and Impact Analysis for NPRR829 with a recommended priority of 2019 and rank of 2510.
To table NPRR829 and refer the issue to the Credit Work Group (Credit WG) and WMS.
Passed
Background
Status:
Approved
Date Posted:
Apr 26, 2017
Sponsor:
Enchanted Rock / Electranet QSE I, LLC
Urgent:
No
Sections:
1.3.1.1, 6.3.2, 6.5.5.2, 16.11.4.3.2
Description:
This Nodal Protocol Revision Request (NPRR) provides a mechanism for a Qualified Scheduling Entity (QSE) with non-modeled generation to inform ERCOT in a timely manner the net generation to the ERCOT grid from their Non-Modeled Generators so that the output can be considered in the estimate of RTL. Absent this NPRR, output from Non-Modeled Generators is not included in estimating the QSE’s RTL, and the QSE is required to post a superfluous amount of collateral.
Reason:
Currently it is difficult for non-modeled generation to hedge in the Day-Ahead Market (DAM) due to potential superfluous collateral calls during high priced Real-Time Market (RTM) events. Using telemetered data from non-modeled generation will allow ERCOT to more accurately calculate QSE collateral requirements. This NPPR will increase DAM liquidity due to increased participation of non-modeled generation in the DAM. Implementing this NPRR has the potential to allow ERCOT to gain near Real-Time transparency into non-modeled generation which could increase their ability in analyzing Real-Time system conditions. Furthermore, ERCOT will better understand the true position of the QSE by Operating Day and will also better understand their cash flow.