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OBDRR015

Summary

Title Linking of VOLL to the Effective SWCAP
Next Group
Next Step
Status Approved on 06/11/2019
Effective Dates
06/12/2019

Action

Date Gov Body Action Taken Next Steps
06/11/2019 BOARD Approved
05/22/2019 TAC Recommended for Approval Board for consideration

Voting Record

Date Gov Body Motion Result
06/11/2019 BOARD To approve OBDRR015 as recommended by TAC in the 5/22/19 TAC Report Passed
05/22/2019 TAC To recommend approval of OBDRR015 as submitted Passed

Background

Status: Approved
Date Posted: May 15, 2019
Sponsor: ERCOT
Urgent: No
Sections: Methodology for Implementing Operating Reserve Demand Curve (ORDC) to Calculate Real-Time Reserve Price Adder
Description: This Other Binding Document Revision Request (OBDRR) modifies the Value of Lost Load (VOLL) to be set equal to the System-Wide Offer Cap (SWCAP). This would result in VOLL changing from the High System-Wide Offer Cap (HCAP) to the Low System-Wide Offer Cap (LCAP) should the Peaker Net Margin (PNM) exceed the PNM threshold within an annual Resource adequacy cycle.
Reason:

Key Documents