NPRR #463 · Revision Request
NPRR463 CRR Auction Structure Enhancements
ReasonThe current CRR Auction structure offers only one point in time per year where forward hedging (beyond the next month) can be accomplished, and when those long-term auction events do occur they cause a large concentration of credit requirements for Market Participants and workload for Market Participants and ERCOT Staff. This NPRR would distribute the release of network capacity to be more evenly spread out over time, enabling Market Participants to manage their positions incrementally as they evolve over time.
Created2012-05-17
Approved2012-06-19
Sections Affected
2.17.37.4.27.5.17.5.27.5.2.17.5.2.27.5.2.37.5.37.5.3.27.5.5.37.5.5.47.5.6.37.816.11.4.6.1
Summary
This Nodal Protocol Revision Request (NPRR) replaces the annual Congestion Revenue Right (CRR) Auction with a semi-annual sequence of four consecutive six-month CRR Auctions selling CRRs up to two years in the future, scheduled according to a TAC-approved calendar. A proposed initial calendar for TAC consideration will be discussed in parallel to this NPRR.
Action Log 3 milestones
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May 17
PRSRecommended for Approval→ TAC consideration of NPRR463
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Jun 7
TACRecommended for Approval→ ERCOT Board consideration of NPRR463
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Jun 19
BOARDApproved
Amendments
| Date | Body | Motion | Result |
|---|---|---|---|
| May 17 '12 | PRS | To recommend approval of NPRR463 as revised by PRS and to forward NPRR463 to TAC. | Passed |
| Jun 7 '12 | TAC | To recommend approval of NPRR463 as recommended by PRS in the 5/17/12 PRS Report and as amended by the 6/5/12 ERCOT comments and to endorse and forward the Impact Analysis with a recommended priority of 2012 and rank of 685. | Passed |
Documents 9
| Name | Type | Posted | Classification |
|---|---|---|---|
| 463NPRR-01 CRR Auction Structure Enhancements 050712 | doc | May 7 '12 | Revision Request |
| 463NPRR-02 WMS Comments 051512 | doc | May 15 '12 | Revision Request Comments |
| 463NPRR-03 DC Energy Comments 051512 | doc | May 15 '12 | Revision Request Comments |
| 463NPRR-04 PRS Report 051712 | doc | May 21 '12 | Committee Report |
| 463NPRR-05 Credit Work Group Comments 053112 | doc | May 31 '12 | Revision Request Comments |
| 463NPRR-06 Impact Analysis 060512 | doc | Jun 5 '12 | Staff Report |
| 463NPRR-07 ERCOT Comments 060512 | doc | Jun 5 '12 | Revision Request Comments |
| 463NPRR-08 TAC Report 060712 | doc | Jun 7 '12 | Committee Report |
| 463NPRR-09 Board Report 061912 | doc | Jun 19 '12 | Committee Report |
Meetings That Took It Up 9
| Date | Meeting | Committee | Status |
|---|---|---|---|
| Mar 22 '13 | NPRR463 CRR Rolling Auction Market Call #2 by WebEx only | Concluded | |
| Mar 20 '13 | NPRR463 CRR Rolling Auction Market Call by WebEx only | Concluded | |
| Mar 13 '13 | Wholesale Market Subcommittee (WMS) Meeting | WMS | Concluded |
| Jan 9 '13 | Wholesale Market Subcommittee (WMS) Meeting | WMS | Concluded |
| Jun 19 '12 | Board of Directors Meeting | BOARD | Concluded |
| Jun 7 '12 | Technical Advisory Committee (TAC) Meeting | TAC | Concluded |
| May 30 '12 | Joint Credit Working Group (CWG)/Market Credit Working Group (MCWG) Meeting | MCWG | Concluded |
| May 17 '12 | Protocol Revision Subcommittee (PRS) Meeting | PRS | Concluded |
| May 9 '12 | Wholesale Market Subcommittee (WMS) Meeting | WMS | Concluded |