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NPRR #463 · Revision Request

NPRR463  CRR Auction Structure Enhancements

Approved Urgent sponsor DC Energy Texas LLC posted 2012-05-07 ercot.com
ReasonThe current CRR Auction structure offers only one point in time per year where forward hedging (beyond the next month) can be accomplished, and when those long-term auction events do occur they cause a large concentration of credit requirements for Market Participants and workload for Market Participants and ERCOT Staff. This NPRR would distribute the release of network capacity to be more evenly spread out over time, enabling Market Participants to manage their positions incrementally as they evolve over time.
Created2012-05-17
Approved2012-06-19
Sections Affected
2.17.37.4.27.5.17.5.27.5.2.17.5.2.27.5.2.37.5.37.5.3.27.5.5.37.5.5.47.5.6.37.816.11.4.6.1
Summary
This Nodal Protocol Revision Request (NPRR) replaces the annual Congestion Revenue Right (CRR) Auction with a semi-annual sequence of four consecutive six-month CRR Auctions selling CRRs up to two years in the future, scheduled according to a TAC-approved calendar. A proposed initial calendar for TAC consideration will be discussed in parallel to this NPRR.
Timeline