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NPRR #453 · Revision Request

NPRR453  Separation of Year 1 and Year 2 of the Annual CRR Auctions by Timing

Approved Urgent sponsor ERCOT posted 2012-04-02 ercot.com
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
Amendments
DateBodyMotionResult
Apr 19 '12PRS To recommend approval of NPRR453 as revised by PRS.Passed
Documents 7
NameTypePostedClassification
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
DateMeetingCommitteeStatus
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