NPRR #338 · Revision Request

NPRR338 Modifications to Support Revenue Neutrality

Approved sponsor ERCOT posted 2011-03-17 ercot.com

ReasonThe reasons for this revision are: 1) To facilitate revenue neutrality in the CRR Balancing Account closure process in the event of a short payment on the RTM Invoices. The amount collected from the RTM Invoices for the monthly refunds to the short-paid Day-Ahead CRR Owners should be deducted before calculating the pro-rated payout to the short-paid RTM Invoice Recipients. This is consistent with the treatment of those funds for RTM Invoice payout when there is not a short-pay.To facilitate ERCOT’s revenue neutrality by allowing ERCOT to perform a DAM Resettlement Statement to resolve a DAM Settlement error that impacts ERCOT’s ability to achieve revenue neutrality.

Created2011-04-21

Approved2011-07-19

Sections Affected

9.2.59.19

Summary

This Nodal Protocol Revision Request (NPRR) deducts the amount collected for the shortfall charges for Congestion Revenue Right (CRR) Owners from the amount received on all Real-Time Market (RTM) Invoices prior to prorating the payout to the RTM Invoice Recipients. It also adds language to allow ERCOT to resettle the Day-Ahead Market (DAM) in the event that a DAM Settlement error, which does not otherwise meet the Protocol requirements for resettlement, will impact ERCOT’s ability to achieve revenue neutrality.

Timeline

Mar 17 '11
PRSFiled by ERCOT
- 338NPRR-01 Modifications to Support Revenue Neutrality 031711 Mar 17 '11 · Revision Request
- 338NPRR-02 Impact Analysis 031711 Mar 17 '11 · Staff Report
Apr 21 '11
PRS PRS Meeting
PRSRecommended for Approval Recommended for approval
“To recommend approval of NPRR338 as submitted.” — Passed

→ PRS review the IA
Apr 27 '11
CCWG COPS Communication Working Group (CCWG) Meeting
- 338NPRR-03 Cost Benefit Analysis 031711 Apr 22 '11 · Staff Report
- 338NPRR-04 PRS Report 042111 Apr 26 '11 · Committee Report
May 19 '11
PRS PRS Meeting
PRSRecommended for Approval Recommended for approval Forwarded → TAC rank 21
“To endorse and forward the 4/21/11 PRS Report, Impact Analysis and Cost Benefit Analysis for NPRR338 to TAC and to recommend a priority of High and a rank of 21.” — Passed

→ TAC consideration
- 338NPRR-05 Revised Cost Benefit Analysis 051811 May 18 '11 · Staff Report
Jun 2 '11
TAC TAC Meeting
TACRecommended for Approval Recommended for approval
“To recommend approval of NPRR338 as recommended by PRS in the 5/19/11 PRS Report” — Passed

→ Board consideration
- 338NPRR-06 PRS Report 051911 May 24 '11 · Committee Report
Jul 19 '11
BOARD Board of Directors Meeting
BOARDApproved Recommended for approval
“To approve NPRR338 as recommended by TAC in the 6/2/11 TAC Report.” — Passed
- 338NPRR-07 TAC Report 060211 Jun 3 '11 · Committee Report
- 338NPRR-08 Board Report 071911 Jul 19 '11 · Committee Report