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PRR646

Summary

Title Establish a Floor for Responsive Reserve Service Bids
Next Group
Next Step
Status Approved on 01/17/2006
Effective Dates
02/01/2006

Action

Date Gov Body Action Taken Next Steps
01/17/2006 BOARD Approved Filing at the PUCT
01/12/2006 TAC Recommended for Approval
12/16/2005 PRS Recommended for Approval TAC E-mail Vote

Voting Record

Date Gov Body Motion Result
01/17/2006 BOARD Approval of PRR646 as revised by the Board. Passed
01/12/2006 TAC Recommend approval by TAC as submitted by PRS. Passed
12/16/2005 PRS Motion to recommend approval with a floor of negative $1,000. Passed

Background

Status: Approved
Date Posted: Nov 29, 2005
Sponsor: Credit Working Group
Urgent: Yes
Sections: 4.4.11
Description: Revise 4.4.11 so that all bids to provide Responsive Reserve Service (RRS), have bid prices equal to or greater than $0.
Reason: Recently, the LaaR portion of the bid stack is ranging from $0 to -$17,500 per MW. There is a potential that the current negative prices could be used to clear the market. This could result in potential large credit exposure in the ERCOT Region.

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