NPRR #320 · Revision Request
NPRR320 Minimum PTP Option Bid and Settlement (formerly "Minimum PTP Option Bids and CRR Auction Fees")
ReasonThis NPRR will help rationalize CRR bidding and accelerate the CRR Auction Engine by imposing a minimum price on PTP Option bids and a fee on PTP Option awards. ERCOT systems currently have a limitation of 200,000 bids per auction. These changes are expected to limit the number of bids ultimately submitted and reduce the demand on ERCOT systems in the future. Some CRR Account Holders are currently receiving no cost PTP Options by submitting zero priced bids. This action results in sub-optimal performance of the ERCOT Auction Engine. When PTP Options clear at zero costs, load receives neither auction proceeds nor revenue from unsold CRRs; all revenue is given to the PTP Option holder with no compensation to the load. Imposing minimum bid prices is expected to accelerate the CRR Auction Engine solution and minimum clearing prices are expected to return some revenue to load for PTP Options sold in the auction.
Created2011-02-17
Approved2011-04-19
Sections Affected
2.17.5.27.5.2.37.5.77.67.7 (new)7.7.1 (new)7.7.2 (new)7.9.3.47.9.3.59.8
Summary
This Nodal Protocol Revision Request (NPRR) sets a minimum price on PTP Option bids (Minimum PTP Option Bid Price) of $0.010 and places a fee on each PTP Option bid awarded where the clearing price for the PTP Option bid awarded is less than the Minimum PTP Option Bid Price. Upon implementation of system changes, the revenue from the fees will be put in the Congestion Revenue Right (CRR) Balancing Account. Until system changes are implemented, the PTP Option Bidding Fee will be invoiced separately from CRR Invoices using a Miscellaneous Invoice, and the revenue from the fees will be distributed by the Monthly Load Ratio Share (LRS) and through the use of a Miscellaneous Invoice.
Action Log 5 milestones
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Feb 17
PRSRecommended for Approval→ TAC consideration of NPRR320
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Mar 3
TACRemanded→ PRS consideration of NPRR320
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Mar 24
PRSRecommended for Approval→ TAC consideration of NPRR320
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Apr 7
TACRecommended for Approval→ ERCOT Board consideration of NPRR320
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Apr 19
BOARDApproved
Amendments
| Date | Body | Motion | Result |
|---|---|---|---|
| Feb 17 '11 | PRS | To recommend approval of NPRR320 as amended by the 2/15/11 Luminant comments and as revised by PRS, to recommend that the PTP Option Bidding Fee be set at zero, and to forward NPRR320 to TAC via roll call vote. | Passed |
| Mar 24 '11 | PRS | To recommend approval of NPRR320 as amended by the 3/23/11 ERCOT comments. | Passed |
| Apr 7 '11 | TAC | To recommend approval of NPRR320 as amended by the 3/29/11 ERCOT comments and as revised by TAC. | Passed |
Ballots
| Date | Body | Result | Yes | No | Abstain | |
|---|---|---|---|---|---|---|
| Mar 17 '11 | WMS | Motion Carries | 5 | 2.5 | 5 | xls |
Documents 29
| Name | Type | Posted | Classification |
|---|---|---|---|
| 320NPRR-01 Minimum PTP Option Bids and CRR Auction Fees 020811 | doc | Feb 8 '11 | Revision Request |
| 320NPRR-02 Urgency Vote Ballot 021011 | xls | Feb 10 '11 | Revision Request Ballot |
| 320NPRR-03 Calpine Comments 021111 | doc | Feb 11 '11 | Revision Request Comments |
| 320NPRR-04 Shell Energy North America Comments 021111 | doc | Feb 11 '11 | Revision Request Comments |
| 320NPRR-05 Reliant Energy Comments 021411 | doc | Feb 14 '11 | Revision Request Comments |
| 320NPRR-06 Luminant Comments 021511 | doc | Feb 15 '11 | Revision Request Comments |
| 320NPRR-07 DC Energy Texas Comments 021611 | doc | Feb 16 '11 | Revision Request Comments |
| 320NPRR-08 PRS Report 021711 | doc | Feb 21 '11 | Committee Report |
| 320NPRR-09 PRS Voting Ballot 021711 | xls | Feb 21 '11 | Revision Request Ballot |
| 320NPRR-10 ERCOT Comments 022811 | doc | Feb 28 '11 | Revision Request Comments |
| 320NPRR-11 Impact Analysis 022811 | doc | Feb 28 '11 | Staff Report |
| 320NPRR-12 Credit WG Comments 030111 | doc | Mar 1 '11 | Revision Request Comments |
| 320NPRR-13 Cost Benefit Analysis 030111 | xls | Mar 1 '11 | Staff Report |
| 320NPRR-14 Bob Wittmeyer Comments 030211 | doc | Mar 2 '11 | Revision Request Comments |
| 320NPRR-15 ERCOT Comments 030311 | doc | Mar 3 '11 | Revision Request Comments |
| 320NPRR-16 TAC Report 030311 | doc | Mar 4 '11 | Committee Report |
| 320NPRR-17 COPS Comments 030911 | doc | Mar 9 '11 | Revision Request Comments |
| 320NPRR-18 WMS Comments 032111 | doc | Mar 21 '11 | Revision Request Comments |
| 320NPRR-19 WMS Voting Ballot 032111 | xls | Mar 21 '11 | Revision Request Ballot |
| 320NPRR-20 ERCOT Comments 032311 | doc | Mar 23 '11 | Revision Request Comments |
| 320NPRR-21 PRS Report 032411 | doc | Mar 29 '11 | Committee Report |
| 320NPRR-22 ERCOT Comments 032911 | doc | Mar 29 '11 | Revision Request Comments |
| 320NPRR-23 Revised Impact Analysis 040111 | doc | Apr 1 '11 | Staff Report |
| 320NPRR-24 PRS Comments 040411 | doc | Apr 4 '11 | Revision Request Comments |
| 320NPRR-25 Revised Cost Benefit Analysis 040411 | xls | Apr 4 '11 | Staff Report |
| 320NPRR-26 TAC Report 040711 | doc | Apr 8 '11 | Committee Report |
| 320NPRR-27 TAC Voting Ballot 040711 | xls | Apr 8 '11 | Revision Request Ballot |
| 320NPRR-28 Revised Cost Benefit Analysis 041911 | xls | Apr 19 '11 | Staff Report |
| 320NPRR-29 Board Report 041911 | doc | Apr 20 '11 | Committee Report |
Meetings That Took It Up 12
| Date | Meeting | Committee | Status |
|---|---|---|---|
| Sep 13 '11 | COPS Meeting | COPS | Concluded |
| Apr 27 '11 | COPS Communication Working Group (CCWG) Meeting | CCWG | Concluded |
| Apr 19 '11 | Board of Directors Meeting | BOARD | Concluded |
| Apr 7 '11 | TAC Meeting | TAC | Concluded |
| Apr 1 '11 | Special PRS Meeting | PRS | Concluded |
| Mar 24 '11 | PRS Meeting | PRS | Concluded |
| Mar 17 '11 | Special WMS Meeting | WMS | Concluded |
| Mar 9 '11 | WMS Meeting | WMS | Concluded |
| Mar 8 '11 | COPS Meeting | COPS | Concluded |
| Mar 3 '11 | TAC Meeting | TAC | Concluded |
| Feb 23 '11 | Joint CWG/MCWG Meeting | MCWG | Concluded |
| Feb 17 '11 | PRS Meeting | PRS | Concluded |