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NPRR #338 · Revision Request

NPRR338  Modifications to Support Revenue Neutrality

Approved sponsor ERCOT posted 2011-03-17 ercot.com
  1. PRS May 19 '11
  2. TAC Jun 2 '11
  3. BOARD Jul 19 '11
  4. PUCT —
ReasonThe reasons for this revision are: 1) To facilitate revenue neutrality in the CRR Balancing Account closure process in the event of a short payment on the RTM Invoices. The amount collected from the RTM Invoices for the monthly refunds to the short-paid Day-Ahead CRR Owners should be deducted before calculating the pro-rated payout to the short-paid RTM Invoice Recipients. This is consistent with the treatment of those funds for RTM Invoice payout when there is not a short-pay.To facilitate ERCOT’s revenue neutrality by allowing ERCOT to perform a DAM Resettlement Statement to resolve a DAM Settlement error that impacts ERCOT’s ability to achieve revenue neutrality.
Created2011-04-21
Approved2011-07-19
Sections Affected
9.2.59.19
Summary
This Nodal Protocol Revision Request (NPRR) deducts the amount collected for the shortfall charges for Congestion Revenue Right (CRR) Owners from the amount received on all Real-Time Market (RTM) Invoices prior to prorating the payout to the RTM Invoice Recipients. It also adds language to allow ERCOT to resettle the Day-Ahead Market (DAM) in the event that a DAM Settlement error, which does not otherwise meet the Protocol requirements for resettlement, will impact ERCOT’s ability to achieve revenue neutrality.
Timeline