NPRR #570 · Revision Request

NPRR570 Reduce RTM Settlement Timeline to Operating Day Plus Five

Approved Urgent sponsor Harika Basaran and Jim Galvin on behalf of COPS and the Communications and Settlements Working Group (CSWG) posted 2013-09-30 ercot.com

ReasonThis NPRR addresses concerns raised in regards to the impact of the increase to the high SWCAP pursuant to the adoption of amendments to P.U.C. Subst. R. 25.505. COPS held two workshops, on 8/29/13 and 9/10/13, to discuss how to reduce the RTM Settlement timeline further, given the successful implementation of NPRR509, Shortened RTM Settlement Timeline. Market Participants reached a compromise to continue with a two phased approach as in NPRR509 with an objective of RTM Initial Settlement on Operating Day plus five by 6/1/2014. COPS continues to discuss aspects related to impacts, tradeoffs, benefits, and potential solutions for RTM Settlement on a faster timeline.

Created2013-10-17

Approved2013-11-19

Sections Affected

2.19.5.29.5.49.5.510.8.1.2

Summary

This NPRR proposes a phased approach to change the posting date for the Real-Time Market (RTM) Initial Settlement Statement from seven days after the Operating Day to five days after the Operating Day and changes the posting date of the Final Settlement Statement from the 57th day after the Operating Day to the 55th day after the Operating Day.

Timeline

Sep 30 '13
PRSFiled by Harika Basaran and Jim Galvin on behalf of COPS and the Communications and Settlements Working Group (CSWG)
- 570NPRR-01 Reduce RTM Settlement Timeline to Operating Day Plus Sep 30 '13 · Revision Request
Oct 8 '13
Listed without action at 1 meeting
- Commercial Operations Subcommittee (COPS) Meeting Oct 8 '13
Oct 16 '13
RMS Retail Market Subcommittee (RMS) Meeting
- 570NPRR-02 COPS Comments 101013 Oct 10 '13 · Revision Request Comments
Oct 17 '13
PRS Protocol Revision Subcommittee (PRS) Meeting
PRSRecommended for Approval Recommended for approval Amended by the Oct 10 '13 COPS comments Forwarded → TAC
“To recommend approval of NPRR570 as amended by the 10/10/13 COPS comments and to forward NPRR570 to TAC.” — Passed

→ TAC for consideration.
Oct 30 '13
CREDITWG Joint Credit Working Group (CWG)/Market Credit Working Group (MCWG) Meeting
- 570NPRR-03 PRS Report 101713 Oct 21 '13 · Committee Report
Nov 7 '13
TAC Technical Advisory Committee (TAC) Meeting
TACRecommended for Approval Recommended for approval Amended by the Oct 31 '13 ERCOT comments priority 2014 · rank 1030
“To recommend approval of NPRR570 as recommended by PRS in the 10/17/13 PRS Report and as amended by the 10/31/13 ERCOT comments with an effective date of 1/1/14 for phase one and a recommended priority of 2014 and rank of 1030 for phase two targeting a 5/1/14 effective date. All Market Segments were present for the vote.” — Passed

→ ERCOT Board for consideration.
- 570NPRR-04 Credit Work Group Comments 103113 Oct 31 '13 · Revision Request Comments
- 570NPRR-05 ERCOT Comments 103113 Oct 31 '13 · Revision Request Comments
- 570NPRR-06 Impact Analysis 110613 Nov 5 '13 · Staff Report
- 570NPRR-07 TAC Report 110713 Nov 7 '13 · Committee Report
Nov 19 '13
BOARD Board of Directors Meeting
BOARDApproved Recommended for approval
“To approve NPRR570 as recommended by TAC in the 11/7/13 TAC Report.” — Passed
Dec 3 '13
TAC Technical Advisory Committee (TAC) Meeting
- 570NPRR-08 Board Report 111913 Nov 22 '13 · Committee Report
Feb 5 '14
Listed without action at 6 meetings (Feb 5 '14 – Jul 16 '14)
- WMS Meeting Feb 5 '14
- COPS Meeting Mar 17 '14
- TAC Meeting Mar 27 '14
- Board of Directors Meeting Apr 8 '14
- COPS Meeting May 14 '14
- COPS Meeting Jul 16 '14