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This update from the Reliability and Compliance Working Group (RCWG) on December 11, 2013, covers key agenda items, including a vote on Fuel Adder NPRR 485. The meeting highlights the importance of compensated total fuel costs through a rolling 12-month average, as reviewed quarterly by ERCOT staff. Additionally, VCMRR-01 procedures for incorporating fuel adder were discussed. It is critical to note that once the fuel adder is established, Resource Entities cannot revert to the generic rate of 50 cents. The definition of total fuel price was clarified to reflect total volumes purchased.
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RCWG Update to WMS December 11, 2013
General Update • Agenda Items for Today: • Fuel Adder NPRR 485-(vote) • Chair of RCWG
Fuel Adder NPRR 485 • WMS guidance: Mitigated fuel costs are intended to allow resources to be compensated for its total fuel cost, through a 12 month rolling average, updated and reviewed by ERCOT staff quarterly • VCMRR-01 has been developed to incorporate procedure to include fuel adder. • Issues discussed and incorporated at RCWG: • Once the fuel adder is established, the Resource Entity cannot switch back to the generic 50 cents. • “total fuel price” means total volumes purchased, not the burn volumes and not the net of sales.
