NPRR #453 · Revision Request
NPRR453 Separation of Year 1 and Year 2 of the Annual CRR Auctions by Timing
ReasonCurrently Year 1 and Year 2 of the annual CRR Auctions are run simultaneously. In November 2011, $1.6 billion in credit was locked for Year 1 and Year 2 of the annual CRR Auction and overlapped with the credit lock for the December monthly CRR Auction as well.
Created2012-04-19
Approved2012-06-19
Sections Affected
7.37.4.27.5.17.5.3
Summary
This Nodal Protocol Revision Request (NPRR) outlines the Protocol changes needed to allow ERCOT to execute each year of the two-year annual Congestion Revenue Right (CRR) Auctions in separate bid and credit windows for each year to relieve market credit and improve the ability of ERCOT to efficiently execute and analyze the results. Annual CRR Auction processes and systems are already separated in terms of credit lock, modeling, bidding and auction optimization. These changes simply separate the two annual CRR Auctions to run sequentially during the year, rather than simultaneously, to eliminate overlapping annual credit lock exposure.
Action Log 4 milestones
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Apr 19
PRSRecommended for Approval→ PRS Impact Analysis review
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May 17
PRSRecommended for Approval→ TAC consideration of NPRR453
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Jun 7
TACRecommended for Approval→ ERCOT Board consideration of NPRR453
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Jun 19
BOARDApproved
Amendments
| Date | Body | Motion | Result |
|---|---|---|---|
| Apr 19 '12 | PRS | To recommend approval of NPRR453 as revised by PRS. | Passed |
Documents 7
| Name | Type | Posted | Classification |
|---|---|---|---|
| 453NPRR-01 Separation of Year 1 and Year 2 of the Annual CRR Auc | doc | Apr 2 '12 | Revision Request |
| 453NPRR-02 Impact Analysis 040212 | doc | Apr 2 '12 | Staff Report |
| 453NPRR-03 PRS Report 041912 | doc | Apr 23 '12 | Committee Report |
| 453NPRR-04 Credit WG Comments 050212 | doc | May 2 '12 | Revision Request Comments |
| 453NPRR-05 PRS Report 051712 | doc | May 21 '12 | Committee Report |
| 453NPRR-06 TAC Report 060712 | doc | Jun 7 '12 | Committee Report |
| 453NPRR-07 Board Report 061912 | doc | Jun 19 '12 | Committee Report |
Meetings That Took It Up 4
| Date | Meeting | Committee | Status |
|---|---|---|---|
| Jun 19 '12 | Board of Directors Meeting | BOARD | Concluded |
| Jun 7 '12 | Technical Advisory Committee (TAC) Meeting | TAC | Concluded |
| May 17 '12 | Protocol Revision Subcommittee (PRS) Meeting | PRS | Concluded |
| Apr 19 '12 | Protocol Revision Subcommittee (PRS) Meeting | PRS | Concluded |