OBDRR #48 · Revision Request
OBDRR048 Implementation of Operating Reserve Demand Curve (ORDC) Multi-Step Price Floor
ReasonRegulatory requirements
Created2023-08-22
Approved2023-10-12
Sections Affected
Methodology for Implementing Operating Reserve Demand Curve (ORDC) to Calculate Real-Time Reserve Price Adder
Summary
The Other Binding Document Revision Request (OBDRR) adds two price floors to the Operating Reserve Demand Curve (ORDC): one at reserve levels below 6,500 megawatts (MW) ($20 per megawatt hour (MWh)), and another between 6,500 MW and 7,000 MW ($10 per MWh).
Timeline
- Aug 11 '23
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Aug 22 '23
TAC TAC Meeting - Webex OnlyTACRecommended for Approval Recommended for approval“To recommend approval of OBDRR048 as submitted and the 8/11/23 Impact Analysis” — Passed→ Board for consideration
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Aug 30 '23
Listed without action at 1 meeting
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Aug 31 '23
BOARD Board of Directors MeetingBOARDRecommended for Approval Recommended for approval“To recommend approval of OBDRR048 as recommended by TAC in the 8/22/23 TAC Report” — Passed→ PUCT for consideration
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Oct 12 '23
PUCTPUCTApproved Approved“To approve OBDRR048 and accompanying ERCOT Market Impact Statement as presented in Project No. 54445, Review of Rules Adopted by the Independent Organization” — Passed
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Posted since the last meeting