OBDRR #15 · Revision Request

OBDRR015 Linking of VOLL to the Effective SWCAP

Approved sponsor ERCOT posted 2019-05-15 ercot.com

TAC May 22 '19
BOARD Jun 11 '19
PUCT —

Created2019-05-22

Approved2019-06-11

Sections Affected

Methodology for Implementing Operating Reserve Demand Curve (ORDC) to Calculate Real-Time Reserve Price Adder

Summary

This Other Binding Document Revision Request (OBDRR) modifies the Value of Lost Load (VOLL) to be set equal to the System-Wide Offer Cap (SWCAP). This would result in VOLL changing from the High System-Wide Offer Cap (HCAP) to the Low System-Wide Offer Cap (LCAP) should the Peaker Net Margin (PNM) exceed the PNM threshold within an annual Resource adequacy cycle.

Timeline

2019
May 15
TACFiled by ERCOT
- 015OBDRR-01 Linking of VOLL to the Effective SWCAP 051519 May 15 '19 · Revision Request
- 015OBDRR-02 Impact Analysis 051519 May 15 '19 · Staff Report
May 22
TAC TAC Meeting
TACRecommended for Approval
“To recommend approval of OBDRR015 as submitted” — Passed

→ Board for consideration
Jun 11
BOARD Board of Directors Meeting
BOARDApproved
“To approve OBDRR015 as recommended by TAC in the 5/22/19 TAC Report” — Passed
- 015OBDRR-03 TAC Report 052219 May 23 '19 · Committee Report
- 015OBDRR-04 Board Report 061119 Jun 11 '19 · Committee Report