NPRR #1024 · Revision Request

NPRR1024 Determination of Significance with Respect to Price Correction

Approved sponsor ERCOT posted 2020-05-27 ercot.com

Created2020-06-11

Approved2021-02-09

Sections Affected

4.5.3 and 6.3

Summary

This Nodal Protocol Revision Request (NPRR) gives ERCOT the authority to consider significance in determining whether to perform a price correction for the Day-Ahead Market (DAM) or Real-Time Market (RTM). Specifically, this NPRR introduces metrics for determining when ERCOT will perform a price correction or request ERCOT Board of Director (Board) approval for a price correction.

Timeline

May 27 '20
PRSFiled by ERCOT
- 1024NPRR-01 Determination of Significance with Respect to Price Correction 052720 May 27 '20 · Revision Request
- 1024NPRR-02 Impact Analysis 052720 May 27 '20 · Staff Report
Jun 11 '20
PRS PRS Meeting
PRSDeferred/Tabled Tabled Referred → WMS
“to table NPRR1024 and refer the issue to WMS” — Passed

→ Language Consideration
Jul 8 '20
WMS WMS Meeting
- 1024NPRR-03 PRS Ballot 061120 Jun 16 '20 · Revision Request Ballot
- 1024NPRR-04 PRS Report 061120 Jun 16 '20 · Committee Report
Jul 16 '20
PRS PRS Meeting
- 1024NPRR-05 WMS Ballot 070820 Jul 14 '20 · Revision Request Ballot
- 1024NPRR-06 WMS Comments 071420 Jul 14 '20 · Revision Request Comments
Aug 5 '20
Listed without action at 8 meetings (Aug 5 '20 – Nov 4 '20)
- WMS Meeting Aug 5 '20
- PRS Meeting Aug 13 '20
- WMWG Meeting by Webex Only Aug 17 '20
- WMS Meeting Sep 2 '20
- PRS Meeting Sep 10 '20
- WMS Meeting by Webex Only Oct 7 '20
- PRS Meeting by Webex Only Oct 15 '20
- WMS Meeting by Webex Only Nov 4 '20
Nov 11 '20
PRS PRS Meeting by Webex Only
- 1024NPRR-07 ERCOT Comments 110920 Nov 9 '20 · Revision Request Comments
Dec 2 '20
WMS WMS Meeting by Webex Only
Motion Carries 7.5–0 roll call

“Endorse NPRR1024 as amended by the 11/9/20 ERCOT comments”
Dec 10 '20
PRS PRS Meeting by Webex Only
PRSRecommended for Approval Recommended for approval Amended by the Nov 9 '20 ERCOT comments
“to recommend approval of NPRR1024 as amended by the 11/9/20 ERCOT comments” — Passed

→ Impact Analysis Consideration

Ballot 27–0 roll call
- 1024NPRR-08 WMS Ballot 120220 Dec 3 '20 · Revision Request Ballot
- 1024NPRR-09 WMS Comments 120320 Dec 3 '20 · Revision Request Comments
Jan 14 '21
PRS PRS Meeting by Webex Only
PRSRecommended for Approval Recommended for approval Forwarded → TAC
“to endorse and forward to TAC the 12/10/20 PRS Report and Impact Analysis for NPRR1024” — Passed

→ Revision Request Consideration

Motion Carries 7–0 (1 abstain) roll call
- 1024NPRR-10 PRS Ballot 121020 Dec 15 '20 · Revision Request Ballot
- 1024NPRR-11 PRS Report 121020 Dec 15 '20 · Committee Report
Jan 27 '21
TAC TAC Meeting by Webex Only
TACRecommended for Approval Recommended for approval Amended by the Jan 25 '21 ERCOT comments
“to recommend approval of NPRR1024 as recommended by PRS in the 1/14/21 PRS Report as amended by the 1/25/21 ERCOT comments” — Passed

→ Revision Request Consideration

Motion Passes 30–0 roll call
- 1024NPRR-12 PRS Ballot 011421 Jan 20 '21 · Revision Request Ballot
- 1024NPRR-13 PRS Report 011421 Jan 20 '21 · Committee Report
- 1024NPRR-14 ERCOT Comments 012521 Jan 25 '21 · Revision Request Comments
Feb 9 '21
BOARD Urgent Board of Directors Meeting – Teleconference Available by Webcast
BOARDApproved Approved
“to approve NPRR1024 as recommended by TAC in the 1/27/21 TAC Report” — Passed
- 1024NPRR-15 TAC Ballot 012721 Feb 1 '21 · Revision Request Ballot
- 1024NPRR-16 TAC Report 012721 Feb 1 '21 · Committee Report
—
Posted since the last meeting
- 1024NPRR-17 Board Report 020921 Feb 12 '21 · Committee Report