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PRR709

Summary

Title Scarcity Pricing Mechanism
Next Group
Next Step
Status Approved on 04/20/2007
Effective Dates
07/01/2007

Action

Date Gov Body Action Taken Next Steps
06/19/2007 BOARD Approved
05/04/2007 TAC Recommended for Approval ERCOT Board consideration
04/20/2007 PRS Approved
03/22/2007 PRS Recommended for Approval Review of IA

Voting Record

Date Gov Body Motion Result
06/19/2007 BOARD Approve as recommended by TAC Passed
05/04/2007 TAC To recommend approval of PRR709 as recommended by PRS. Passed
04/20/2007 PRS To approve this Recommendation Report and forward the Report and IA to TAC. Passed
03/22/2007 PRS Passed

Background

Status: Approved
Date Posted: Jan 31, 2007
Sponsor: ERCOT Staff
Urgent: No
Sections: Section 4.4.11, Ancillary Services Bid Submittal; Section 4.4.16, ERCOT Receipt of Replacement Reserve Service Bids; Section 6.5.2, Balancing Energy Service; and Sections 6.11, System-Wide Offer Caps (New).
Description: This PRR revises the ERCOT Protocols to provide for a scarcity pricing mechanism as required by subsection (g) of P.U.C. Subst. R. 25.505, Resource Adequacy in the Electric Reliability Council of Texas Power Region. ERCOT is already performing the calculations and postings required by this rule. This PRR synchronizes the Protocols with this rule.
Reason: A scarcity pricing mechanism is required by P.U.C. Subst. R. 25.505(g), effective January 1, 2007. This PRR synchronizes the Protocols with this rule.

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