NPRR #537 · Revision Request
NPRR537 ERS Clearing Price
ReasonA market clearing price mechanism will provide for more efficient market outcomes than pay-as-bid. ERCOT has authority under P.U.C. Subst. R. 25.507(e)(1) to implement a market clearing price mechanism. As stated by the Public Utility Commission of Texas (PUCT) in its order adopting amendments to PUC Subst. R. 25.507, "The concept of establishing a market clearing price mechanism would appear to have the potential for solving some problems that exist in establishing prices for the service, and the commission encourages ERCOT staff to expeditiously explore the feasibility of implementing such a mechanism."
Created2013-05-16
Rejected2013-11-21
Sections Affected
3.14.3.16.6.11.1
Summary
This Nodal Protocol Revision Request (NPRR) modifies Section 6.6.11.1 to provide that Emergency Response Service (ERS) offers will be awarded at the market clearing price rather than on a pay-as-bid process.
Timeline
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Apr 19 '13
PRSFiled by DSWG
- May 8 '13
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May 16 '13
PRS Protocol Revision Subcommittee (PRS) MeetingPRSDeferred/Tabled Tabled Referred → WMS“To table NPRR537 and refer the issue to WMS” — Passed→ PRS for consideration
- Jun 4 '13
- Jun 12 '13
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Jun 20 '13
PRS Protocol Revision Subcommittee (PRS) MeetingPRSDeferred/Tabled Tabled Referred → WMS“To table NPRR537 until the relevant Other Binding Document is drafted by ERCOT and reviewed by WMS.” — Passed→ PRS for consideration
- Jul 10 '13
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Jul 18 '13
Listed without action at 4 meetings (Jul 18 '13 – Oct 17 '13)
- Nov 21 '13
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Dec 3 '13
Listed without action at 1 meeting