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OBDRR #26 · Revision Request

OBDRR026  Change Shadow Price Caps to Curves and Remove Shift Factor Threshold

Withdrawn sponsor Independent Market Monitor (IMM) posted 2021-01-21 ercot.com
ReasonMarket efficiencies or enhancements
Created2021-03-24
Sections Affected
Methodology for Setting Maximum Shadow Prices for Network and Power Balance Constraints
Summary
This Other Binding Document Revision Request (OBDRR) makes certain congestion management changes for contingency constraints. No base case or Generic Transmission Constraint (GTC) pricing is affected by this OBDRR. This OBDRR 1) Changes the default Shadow Price caps to curves. The change lowers the value for small violations and raises the value for large violations; and 2) Removes the Shift Factor threshold as a factor for determining eligibility for Security-Constrained Economic Dispatch (SCED) consideration. Currently, a constraint is only eligible for resolution by SCED if at least one Resource exists that has a Shift Factor of greater than 2% or less than negative 2%. This OBDRR also proposes minor cleanup items and simplifications to Section 3, Elements for Methodology for Setting the Network Transmission System-Wide Shadow Price Caps.
Action Log 1 milestones
Ballots
DateBodyResultYesNoAbstain
Apr 7 '21 WMS Motion Fails 4.66667 2.83333 0 xls
Mar 24 '21 TAC Motion Passes 29 0 0 xls
Documents 9
NameTypePostedClassification
026OBDRR-01 Change Shadow Price Caps to Curves and Remove Shift Factor Threshold 012121 docx Jan 21 '21 Revision Request
026OBDRR-02 TAC Ballot 032421 xls Mar 29 '21 Revision Request Ballot
026OBDRR-03 TAC Report 032421 docx Mar 29 '21 Committee Report
026OBDRR-04 DC Energy Comments 042821 docx Apr 28 '21 Revision Request Comments
026OBDRR-05 Joint Commenters Comments 050421 docx May 4 '21 Revision Request Comments
026OBDRR-06 WMS Ballot 050521 xls May 7 '21 Revision Request Ballot
026OBDRR-07 WMS Comments 050721 doc May 7 '21 Revision Request Comments
026OBDRR-08 Joint Commenters Comments 071621 docx Jul 16 '21 Revision Request Comments
026OBDRR-09 Request for Withdrawal 010622 docx Jan 6 '22 Revision Request
Meetings That Took It Up 18
DateMeetingCommitteeStatus
Jan 5 '22 WMS Meeting by Webex Only WMS Concluded
Dec 1 '21 WMS Meeting by Webex Only WMS Concluded
Nov 29 '21 TAC Meeting by Webex Only TAC Concluded
Nov 3 '21 WMS Meeting by Webex Only WMS Concluded
Oct 6 '21 WMS Meeting by Webex Only WMS Concluded
Sep 29 '21 TAC Meeting by Webex Only TAC Concluded
Sep 1 '21 WMS Meeting by Webex Only WMS Concluded
Aug 27 '21 TAC Meeting by Webex Only TAC Concluded
Aug 4 '21 WMS Meeting by Webex Only WMS Concluded
Jul 28 '21 TAC Meeting by Webex Only TAC Concluded
Jul 7 '21 WMS Meeting by Webex Only WMS Concluded
Jun 23 '21 TAC Meeting by Webex Only TAC Concluded
Jun 2 '21 WMS Meeting by Webex Only WMS Concluded
May 26 '21 TAC Meeting by Webex Only TAC Concluded
May 5 '21 WMS Meeting by Webex Only WMS Concluded
Apr 28 '21 TAC Meeting by Webex Only TAC Concluded
Apr 7 '21 WMS Meeting by Webex Only WMS Concluded
Mar 24 '21 TAC Meeting by Webex Only TAC Concluded