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NPRR #570 · Revision Request

NPRR570  Reduce RTM Settlement Timeline to Operating Day Plus Five

Approved Urgent sponsor Harika Basaran and Jim Galvin on behalf of COPS and the Communications and Settlements Working Group (CSWG) posted 2013-09-30 ercot.com
ReasonThis NPRR addresses concerns raised in regards to the impact of the increase to the high SWCAP pursuant to the adoption of amendments to P.U.C. Subst. R. 25.505. COPS held two workshops, on 8/29/13 and 9/10/13, to discuss how to reduce the RTM Settlement timeline further, given the successful implementation of NPRR509, Shortened RTM Settlement Timeline. Market Participants reached a compromise to continue with a two phased approach as in NPRR509 with an objective of RTM Initial Settlement on Operating Day plus five by 6/1/2014. COPS continues to discuss aspects related to impacts, tradeoffs, benefits, and potential solutions for RTM Settlement on a faster timeline.
Created2013-10-17
Approved2013-11-19
Sections Affected
2.19.5.29.5.49.5.510.8.1.2
Summary
This NPRR proposes a phased approach to change the posting date for the Real-Time Market (RTM) Initial Settlement Statement from seven days after the Operating Day to five days after the Operating Day and changes the posting date of the Final Settlement Statement from the 57th day after the Operating Day to the 55th day after the Operating Day.
Action Log 3 milestones
Amendments
DateBodyMotionResult
Oct 17 '13PRS To recommend approval of NPRR570 as amended by the 10/10/13 COPS comments and to forward NPRR570 to TAC.Passed
Nov 7 '13TAC To recommend approval of NPRR570 as recommended by PRS in the 10/17/13 PRS Report and as amended by the 10/31/13 ERCOT comments with an effective date of 1/1/14 for phase one and a recommended priority of 2014 and rank of 1030 for phase two targeting a 5/1/14 effective date. All Market Segments were present for the vote.Passed
Documents 8
NameTypePostedClassification
570NPRR-01 Reduce RTM Settlement Timeline to Operating Day Plus doc Sep 30 '13 Revision Request
570NPRR-02 COPS Comments 101013 doc Oct 10 '13 Revision Request Comments
570NPRR-03 PRS Report 101713 doc Oct 21 '13 Committee Report
570NPRR-04 Credit Work Group Comments 103113 doc Oct 31 '13 Revision Request Comments
570NPRR-05 ERCOT Comments 103113 doc Oct 31 '13 Revision Request Comments
570NPRR-06 Impact Analysis 110613 doc Nov 5 '13 Staff Report
570NPRR-07 TAC Report 110713 doc Nov 7 '13 Committee Report
570NPRR-08 Board Report 111913 doc Nov 22 '13 Committee Report
Meetings That Took It Up 13
DateMeetingCommitteeStatus
Jul 16 '14 COPS Meeting COPS Concluded
May 14 '14 COPS Meeting COPS Concluded
Apr 8 '14 Board of Directors Meeting BOARD Concluded
Mar 27 '14 TAC Meeting TAC Concluded
Mar 17 '14 COPS Meeting COPS Concluded
Feb 5 '14 WMS Meeting WMS Concluded
Dec 3 '13 Technical Advisory Committee (TAC) Meeting TAC Concluded
Nov 19 '13 Board of Directors Meeting BOARD Concluded
Nov 7 '13 Technical Advisory Committee (TAC) Meeting TAC Concluded
Oct 30 '13 Joint Credit Working Group (CWG)/Market Credit Working Group (MCWG) Meeting CREDITWG Concluded
Oct 17 '13 Protocol Revision Subcommittee (PRS) Meeting PRS Concluded
Oct 16 '13 Retail Market Subcommittee (RMS) Meeting RMS Concluded
Oct 8 '13 Commercial Operations Subcommittee (COPS) Meeting COPS Concluded