NPRR351  SCED Look-Ahead Step 1: Pricing: Calculate Non-Binding Prices and Basepoints for Initial Research into SCED Look-Ahead and allow Consumers to have a Forward Price Projection (formerly "Calculate and Post Projected Non-Binding LMPs for the Next 15 Minutes")

Using the inputs specified in this Nodal Protocol Revision Request (NPRR), ERCOT will calculate prices and base points over the next hour, using an hour-long optimization instead of a five-minute optimization. These calculated prices and base points will initially be non-binding, although it is anticipated that these will become binding as Security-Constrained Economic Dispatch (SCED) Look-Ahead progresses in future phases. Not covered by this NPRR are the larger pieces of SCED Look-Ahead, like Real-Time commitment of generators and Load Resources (possibly replacing or eliminating the Non-Spinning Reserve (Non-Spin) product), Real-Time co-optimization of energy and Ancillary Services (including determining when the co-optimization occurs), whether to charge make-whole charges and to whom they should be charged to, and how these revisions will support the overall market design and Resource adequacy requirements.