NPRR #586 · Revision Request
NPRR586 Align Credit Lock for CRR Auctions with Transaction Submission Deadline
ReasonThe current CRR Auction credit lock process requires credit to be allocated for a CRR Auction no later than three Business Days prior to the close of the CRR transaction submission deadline. This results in an inefficient and unnecessary utilization of credit during the period when credit is locked and the transaction submission window is not closed. In addition, events may occur after the credit lock deadline that impact the valuation of a CRR Account Holder’s portfolio of bids and offers. Currently, a CRR Account Holder, through its Counter-Party, is prevented from increasing or decreasing the credit allocated to an auction as a result of an event which occurs after the credit lock deadline but prior to transaction submission. Therefore, this NPRR will allow the amount of credit locked for an auction to be consistent with the submitted CRR portfolios.
Created2014-01-16
Approved2014-04-08
Sections Affected
7.5.2 and 16.11.4.6.1
Summary
This Nodal Protocol Revision Request (NPRR) aligns the deadline to allocate credit for a Congestion Revenue Right (CRR) Auction with the transaction submission deadline for that CRR Auction.
Action Log 4 milestones
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Jan 16
PRSRecommended for Approval→ PRS for IA review.
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Feb 13
PRSRecommended for Approval→ TAC for consideration
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Feb 27
TACRecommended for Approval→ ERCOT Board for consideration
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Apr 8
BOARDApproved
Amendments
| Date | Body | Motion | Result |
|---|---|---|---|
| Feb 13 '14 | PRS | To endorse and forward the 1/16/14 PRS Report as amended by the 1/23/14 ERCOT comments and Impact Analysis for NPRR586 to TAC with a recommended priority of 2014 and rank of 895. | Passed |
Documents 8
| Name | Type | Posted | Classification |
|---|---|---|---|
| 586NPRR-01 Align Credit Lock for CRR Auctions with Transaction S | doc | Dec 11 '13 | Revision Request |
| 586NPRR-02 DC Energy Comments 121313 | doc | Dec 13 '13 | Revision Request Comments |
| 586NPRR-03 PRS Report 011614 | doc | Jan 20 '14 | Committee Report |
| 586NPRR-04 ERCOT Comments 012314 | doc | Feb 6 '14 | Revision Request Comments |
| 586NPRR-05 Impact Analysis 020314 | doc | Feb 3 '14 | Staff Report |
| 586NPRR-06 PRS Report 021314 | doc | Feb 18 '14 | Committee Report |
| 586NPRR-07 TAC Report 022714 | doc | Mar 3 '14 | Committee Report |
| 586NPRR-08 Board Report 040814 | doc | Apr 8 '14 | Committee Report |
Meetings That Took It Up 6
| Date | Meeting | Committee | Status |
|---|---|---|---|
| Apr 8 '14 | Board of Directors Meeting | BOARD | Concluded |
| Feb 27 '14 | TAC Meeting | TAC | Concluded |
| Feb 13 '14 | PRS Meeting | PRS | Concluded |
| Jan 16 '14 | PRS Meeting | PRS | Concluded |
| Jan 8 '14 | WMS Meeting | WMS | Concluded |
| Jan 7 '14 | CMWG Meeting | CMWG | Concluded |