NPRR579  Amendment to the Minimum PTP Option Bid Price Approval Timeline

This Nodal Protocol Revision Request (NPRR) amends the timing of the review of the Minimum Point-to-Point (PTP) Option Bid Price by TAC and the ERCOT Board. The current language specifically indicates that action should be taken each year during the month of January. The revision removes the reference to a specific month and states that the process should instead occur "at least annually." The language is also changed to only require annual review by TAC. The ERCOT Board would still review the Minimum PTP Option Bid Price when a change is being recommended by TAC through the NPRR process.