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Market Trials Congestion Revenue Rights

Market Trials Congestion Revenue Rights. Weekly Update. August 6, 2010. Antitrust Admonition. ANTITRUST ADMONITION

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Market Trials Congestion Revenue Rights

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  1. Market TrialsCongestion Revenue Rights Weekly Update August 6, 2010 http://nodal.ercot.com 1

  2. Antitrust Admonition ANTITRUST ADMONITION ERCOT strictly prohibits Market Participants and their employees who are participating in ERCOT activities from using their participation in ERCOT activities as a forum for engaging in practices or communications that violate the antitrust laws. The ERCOT Board has approved guidelines for members of ERCOT Committees, Subcommittees and Working Groups to be reviewed and followed by each Market Participant attending ERCOT meetings. If you have not received a copy of these Guidelines, copies are available at the Client Relations desk. Please remember your ongoing obligation to comply with all applicable laws, including the antitrust laws. DISCLAIMER All presentations and materials submitted by Market Participants or any other Entity to ERCOT staff for this meeting are received and posted with the acknowledgement that the information will be considered public in accordance with the ERCOT Websites Content Management Operating Procedure. http://nodal.ercot.com 2

  3. Agenda • Anti-trust Admonition • Environment Report • Planned / unplanned outages • Known Issues • Standing Reports and Updates • Future activities • Question and Answers / General Discussion • FAQ ERCOT asks that Market Participants log into the WebEx session using their company name and then their name. This will allow ERCOT to take roll-call offline http://nodal.ercot.com 3

  4. Market Trials 2010 Roadmap http://nodal.ercot.com 4

  5. Day-to-day operations summary: Planned / Unplanned Outages of EDS Planned Outages None during Business Hours this week Next Friday, 8/13, the CRR application will be down (this will not affect posting the Sept network model to MIS) Unplanned Outages Monday, 8/2 11:15am-11:20am (restart CRR application so that bid limits for Annual auction would take effect) http://nodal.ercot.com 5

  6. Known Issues • Topology Processor (software that creates the PSS/E file from the Network data) does not export the outages to CRR’s PSS/E file – manual updates are being applied for the September network model, but the vendor has commited to having this fixed asap – we will keep you apprised of the status • Annual Market for 2011-2012 allows OBL bids beyond first month (Operator error – not an application, infrastructure, or data defect) • Estimated Exposure for the Locked Credit incorrectly calculated and sent to downstream systems for Annual Market (only Wed DAM was affected). Fixed by vendor and will be deployed on 8/13 into Production.

  7. Standing Reports and Updates: General reminders / updates • Future Market Trials Activities • 2011-2012 Annual Auction • 2010-2012 Annual Auction execution (8/6-8/8) • 2nd Round 2011-2012 Annual Auction not required (bid count < 200,000) • 2010 September True-Up Allocation 2010 September True-Ups Allocated by 8/15 • 2010 September Monthly Auction NEW DATES** 2010 September Network Model, with outages, posted to MIS on Friday, 8/13 2010 September Market Notice and Auction Credit window opens on Monday, 8/16 2010 September Credit Lock date on Monday, 8/23 at 5:00pm 2010 September Credit remedial period (eCollateral) ends at noon, Tuesday, 8/24 2010 September Auction Bid Window – shortened to 2 days for this auction Monday, 8/23 at 00:00:01am until Tuesday, 8/24 at 11:59:59pm 2010 September Auction execution Wednesday, 8/25 – Friday, 8/27 2010 September Auction Market Results Posted on Friday, 8/27 2010 September Auction Market Invoices Posted on Monday, 8/30 ** Market Trials Handbook has been updated with these new dates http://nodal.ercot.com 7

  8. Q&A Q&A / Open Forum http://nodal.ercot.com 8

  9. Questions from the Forum? • Q: What will the new procedure be if NPR233 passes? • A: The proposed Protocol revision, NPR233, sets the following limits on the number of CRR bids to be submitted. • 1) Auction Bid Limit = Maximum of 10,000 bids per CRRAH • 2) If the Maximum System Bid Limit (currently 200,000) is exceeded then • Secondary Bid Limit = (Maximum System Bid Limit / number of CRRAHs) • CRR System will automatically track bid counts across Portfolios for each CRRAH, such that Auction Bid Limit is not exceed by multiple portfolio submissions • At the close of the bidding window, ERCOT will ‘unsubmit” all the portfolios of CRRAH’s whose combined bid total exceeded the Secondary Bid Limit • ERCOT will notify CRRAHs who’s portfolios have been unsubmitted from the auction to edit their portfolios such that the total bid count meet the Secondary Bid Limit and then resubmit them to the auction – this will be a very short timeframe during Business Hours • 3) Maximum of 3 CRRAHs per Counterparty • Maximum System Bid Limit, Auction Bid Limit, and Secondary Bid Limit will be published in the Market Notice • For more information on the proposed NPR, see http://nodal.ercot.com/protocols/nprr/index.html http://nodal.ercot.com 9

  10. Questions from the Forum? Q: When is ERCOT going to send out information to NOIE’s regarding Go-Live allocations for December and future PCRRs? A: Legal will be sending out the letters to the NOIE’s during the week of August 9th, with response time back to ERCOT by 8/30/10. http://nodal.ercot.com 10

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