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VCMRR031

Summary

Title Clarification Related to Variable Costs in Fuel Adders
Next Group
Next Step
Status Approved on 07/20/2023
Effective Dates
08/01/2023

Action

Date Gov Body Action Taken Next Steps
07/20/2023 PUCT Approved
06/20/2023 BOARD Recommended for Approval Revision Request Consideration
05/23/2023 TAC Recommended for Approval Revision Request Consideration
05/03/2023 WMS Recommended for Approval Revision Request Consideration
04/05/2023 WMS Recommended for Approval Impact Analysis Consideration
03/03/2021 WMS Deferred/Tabled Language Consideration

Voting Record

Date Gov Body Motion Result
07/20/2023 PUCT to approve VCMRR031 and accompanying ERCOT Market Impact Statement as presented in Project No. 54445, Review of Rules Adopted by the Independent Organization Passed
06/20/2023 BOARD to recommend approval of VCMRR031 as recommended by TAC in the 5/23/23 TAC Report Passed
05/23/2023 TAC to recommend approval of VCMRR031 as recommended by WMS in the 5/3/23 WMS Report Passed
05/03/2023 WMS to endorse and forward to TAC the 4/5/23 WMS Report and the 8/3/21 Revised Impact Analysis for VCMRR031 Passed
04/05/2023 WMS to recommend approval of VCMRR031 as submitted Passed
03/03/2021 WMS to table VCMRR031 and refer the issue to the Resource Cost Working Group (RCWG) Passed

Background

Status: Approved
Date Posted: Feb 3, 2021
Sponsor: ERCOT
Urgent: No
Sections: 1.4, 3.4, and 3.5 (delete)
Description: This Verifiable Cost Manual Revision Request (VCMRR): • Defines variable costs and clarifies that all cost components used to calculate a Filing Entity’s fuel adder should also be based on variable costs; • Removes the minimum requirements fee cost category from the examples of cost categories that may be included in the fuel adder; and • Changes the review timeline detailed in paragraph (3) of Section 3.4 to give ERCOT the ability to review and follow up on more complex cost submissions.
Reason: Addresses current operational issues; Market efficiencies or enhancements

Key Documents