NPRR #586 · Revision Request

NPRR586 Align Credit Lock for CRR Auctions with Transaction Submission Deadline

Approved sponsor Reliant Energy posted 2013-12-10 ercot.com

ReasonThe current CRR Auction credit lock process requires credit to be allocated for a CRR Auction no later than three Business Days prior to the close of the CRR transaction submission deadline. This results in an inefficient and unnecessary utilization of credit during the period when credit is locked and the transaction submission window is not closed. In addition, events may occur after the credit lock deadline that impact the valuation of a CRR Account Holder’s portfolio of bids and offers. Currently, a CRR Account Holder, through its Counter-Party, is prevented from increasing or decreasing the credit allocated to an auction as a result of an event which occurs after the credit lock deadline but prior to transaction submission. Therefore, this NPRR will allow the amount of credit locked for an auction to be consistent with the submitted CRR portfolios.

Created2014-01-16

Approved2014-04-08

Sections Affected

7.5.2 and 16.11.4.6.1

Summary

This Nodal Protocol Revision Request (NPRR) aligns the deadline to allocate credit for a Congestion Revenue Right (CRR) Auction with the transaction submission deadline for that CRR Auction.

Timeline

Dec 10 '13
PRSFiled by Reliant Energy
Jan 7 '14
CMWG CMWG Meeting
- 586NPRR-01 Align Credit Lock for CRR Auctions with Transaction S Dec 11 '13 · Revision Request
- 586NPRR-02 DC Energy Comments 121313 Dec 13 '13 · Revision Request Comments
Jan 8 '14
Listed without action at 1 meeting
- WMS Meeting Jan 8 '14
Jan 16 '14
PRS PRS Meeting
PRSRecommended for Approval Recommended for approval
“To recommend approval of NPRR586 as submitted.” — Passed

→ PRS for IA review.
Feb 13 '14
PRS PRS Meeting
PRSRecommended for Approval Recommended for approval Forwarded → TAC Amended by the Jan 23 '14 ERCOT comments priority 2014 · rank 895
“To endorse and forward the 1/16/14 PRS Report as amended by the 1/23/14 ERCOT comments and Impact Analysis for NPRR586 to TAC with a recommended priority of 2014 and rank of 895.” — Passed

→ TAC for consideration
- 586NPRR-03 PRS Report 011614 Jan 20 '14 · Committee Report
- 586NPRR-05 Impact Analysis 020314 Feb 3 '14 · Staff Report
- 586NPRR-04 ERCOT Comments 012314 Feb 6 '14 · Revision Request Comments
Feb 27 '14
TAC TAC Meeting
TACRecommended for Approval Recommended for approval
“To recommend approval of NPRR586 as recommended by PRS in the 2/13/14 PRS Report.” — Passed

→ ERCOT Board for consideration
- 586NPRR-06 PRS Report 021314 Feb 18 '14 · Committee Report
Apr 8 '14
BOARD Board of Directors Meeting
BOARDApproved Approved
“To approved NPRR586 as recommended by TAC in the 2/27/14 TAC Report.” — Passed
- 586NPRR-07 TAC Report 022714 Mar 3 '14 · Committee Report
- 586NPRR-08 Board Report 040814 Apr 8 '14 · Committee Report