NPRR #453 · Revision Request
NPRR453 Separation of Year 1 and Year 2 of the Annual CRR Auctions by Timing
ReasonCurrently Year 1 and Year 2 of the annual CRR Auctions are run simultaneously. In November 2011, $1.6 billion in credit was locked for Year 1 and Year 2 of the annual CRR Auction and overlapped with the credit lock for the December monthly CRR Auction as well.
Created2012-04-19
Approved2012-06-19
Sections Affected
7.37.4.27.5.17.5.3
Summary
This Nodal Protocol Revision Request (NPRR) outlines the Protocol changes needed to allow ERCOT to execute each year of the two-year annual Congestion Revenue Right (CRR) Auctions in separate bid and credit windows for each year to relieve market credit and improve the ability of ERCOT to efficiently execute and analyze the results. Annual CRR Auction processes and systems are already separated in terms of credit lock, modeling, bidding and auction optimization. These changes simply separate the two annual CRR Auctions to run sequentially during the year, rather than simultaneously, to eliminate overlapping annual credit lock exposure.
Timeline
- Apr 2 '12
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Apr 19 '12
PRS Protocol Revision Subcommittee (PRS) MeetingPRSRecommended for Approval Recommended for approval“To recommend approval of NPRR453 as revised by PRS.” — Passed→ PRS Impact Analysis review
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May 17 '12
PRS Protocol Revision Subcommittee (PRS) MeetingPRSRecommended for Approval Recommended for approval Forwarded → TAC“to endorse and forward the 4/19/12 PRS Report and Impact Analysis for NPRR453 to TAC.” — Passed→ TAC consideration of NPRR453
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Jun 7 '12
TAC Technical Advisory Committee (TAC) MeetingTACRecommended for Approval Recommended for approval Urgent status“To recommend approval of NPRR453 as recommended by PRS in the 5/17/12 PRS Report and to grant NPRR453 Urgent status.” — Passed→ ERCOT Board consideration of NPRR453
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Jun 19 '12
BOARD Board of Directors MeetingBOARDApproved Recommended for approval“To approve NPRR453 as recommended by TAC in the 6/7/12 TAC Report.” — Passed