ERCOT Monitor Reports

ERCOT Monitor Reports

Highlights and Detailed Monthly Reports for Meetings of:
–Board of Directors
–Technical Advisory Committee
–Commercial Operations Subcommittee
–Wholesale Market Subcommittee
–Retail Market Subcommittee
–Other Meetings as Appropriate

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Report: ERCOT’s Commercial Operations Subcommittee (COPS) Meeting 9/9/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

At the September meeting, the Commercial Operations Subcommittee considered several revision requests, discussed an update on the potential new weather zone, and reviewed the Settlement Stability Report.

  • The Commercial Operations Subcommittee (COPS) considered several revision requests.The Retail Market Subcommittee (RMS) Chair reported on the work of RMS.
  • ERCOT staff reported that the Market Data Transparency IT systems met all System Level Agreement (SLA) targets in August.
  • ERCOT staff provided an update on the Settlement Stability Report Q2 Net Allocation Changes v2.
  • The Chair of the Profiling Working Group (PWG) provided an update on the group’s work related to Protocol Section 18, Load Profiling.
  • Slides for the Communications and Settlement Working Group (CSWG) were posted.
  • COPS reviewed an update from the Market Information System User Group (MISUG).

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Report: ERCOT’s Wholesale Market Subcommittee (WMS) Meeting 9/2/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

At the September meeting of the Wholesale Market Subcommittee, participants reviewed a number of revision requests and discussed next steps for the Real-time Co-optimization projects. They also debated how to improve the management of stability limits. 

  • The Wholesale Market Subcommittee (WMS) considered several Nodal Protocol Revision Requests.
  • The Chair of the Congestion Management Working Group (CMWG) reported on the balance in the Congestion Revenue Right (CRR) Balancing Account.
  • The WMS members addressed with ERCOT staff the ISO’s performance this summer.
  • From the report of the Verifiable Cost Working Group (VCWG), WMS reviewed VC Manual Revision Request VCMRR010, Alignment with NPRR714, Real-Time Make-Whole Payment for Exceptional Fuel Cost.
  • The Chair of the Supply Analysis Working Group (SAWG) reported on a white paper titled ‘Real-Time Co-Optimization (RTC) and Multi-Interval Real-Time Market.’
  • The proposed concept for LMP-G (Locational Marginal Pricing) may be discussed at the October WMS.
  • The Chair of the Emerging Technologies Working Group (ETWG) reported on the progress of the short-term solar forecast.

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Report: ERCOT’s Retail Market Subcommittee (RMS) Meeting 9/1/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

In addition to the consideration of revision requests and a Change Request, the September Retail Market Subcommittee heard updates from ERCOT staff on a new weather zone, Demand Response survey, and a web services certificate.

  • The Retail Market Subcommittee (RMS) considered several revision requests.
  • ERCOT staff gave an update on their effort to develop a new weather zone in the Rio Grande Valley.
  • The RMS Chair reported on the Technical Advisory Committee’s (TAC’s) Structural and Procedural TAC/TAC Subcommittee Review.
  • The update from the Commercial Operations Subcommittee (COPS) focused on the proposed NPRR702, Flexible Accounts, Payment of Invoices, and Disposition of Interest on Cash Collateral.
  • A Sharyland representative updated RMS on the utility’s upcoming switch of its EDI provider.
  • RMS agreed to create a new working group.
  • ERCOT staff provided an update on the External Web Services Secure Sockets Layer certificate.
  • RMS discussed the cost estimate for an Advanced Metering Working Group’s Change Request (CR) 2015 041.

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Report: ERCOT’s Technical Advisory Committee (TAC) Meeting 8/27/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

At the August Technical Advisory Committee meeting, participants reviewed a number of revision requests, discussed how to proceed on the Real-Time Co-optimization project, and got an update from ERCOT staff on errors in operations that had been recently discovered.

  • The Technical Advisory Committee (TAC) considered several revision requests.
  • The TAC members discussed the use of manual work-arounds, particularly in cases when an automated solution becomes too expensive.  
  • The COPS Chair discussed a proposal for a new weather zone in the Valley.
  • ERCOT staff provided an update on the Future Ancillary Services (FAS) project.
  • From the report of the Wholesale Market Subcommittee (WMS), TAC discussed issues related to the Real-Time Co-optimization and how to proceed with the potential project.
  • TAC heard an update from the new Distributed Resources Energy and Ancillaries Market Task Force.
  • ERCOT staff provided the Analysis of Reserves and Prices, showing the function of the Operating Reserve Demand Curve.
  • ERCOT staff reported on additional operations errors that were recently discovered, and discussed ways to avoid similar occurrences in the future.
  • Under Other Business, TAC considered a change to the TAC procedures and the 2016 meeting schedule.
  • In the afternoon, some TAC members met to work on the TAC/TAC Subcommittee Structural and Procedural Review.

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Report: ERCOT’s Commercial Operations Subcommittee (COPS) Meeting 8/12/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

At its August meeting, the Commercial Operations Subcommittee considered several revision requests, discussed data from the Settlement Stability and Unregistered DG reports, and heard an update on ERCOT’s plans for market training.

  • The Commercial Operations Subcommittee (COPS) considered Load Profiling Guide Revision Request LPGRR055, Extend Load Profile Model Calendar Inputs to 2030.
  • COPS discussed ERCOT plans to develop a new weather zone in the Rio Grande Valley.
  • COPS considered NPRR702, Flexible Accounts, Payment of Invoices, and Disposition of Interest on Cash Collateral.
  • COPS considered stakeholder comments on NPRR719, Removal of Trigger and Requirement to Reduce the Distributed Generation (DG) Registration Threshold, and COPMGRR040, Alignment with NPRR719, Removal of Trigger and Requirement to Reduce the DG Registration Threshold.
  • ERCOT staff presented the Non-Registered DG Installed Capacity and Current DG Registration Threshold Quarterly Report.
  • ERCOT staff reported that the Market Data Transparency IT systems met all System Level Agreement (SLA) targets in July. There were some planned outages, though.
  • ERCOT staff provided an update on COPS Settlement Stability Report Q2 2015.
  • The Chair of the Profiling Working Group (PWG) provided an update, noting that the group will spend the next meeting in a full review of Protocol Section 18, Load Profiling.
  • COPS reviewed an update from the Market Information System User Group (MISUG).
  • ERCOT staff presented their training plan for market participants.

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Report: ERCOT’s Board of Directors (BOD) Meeting 8/11/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

At its August meeting, the ERCOT Board considered a number of NPRRs, received certain recommendations from the IMM David Patton, and heard updates from staff on the recent period of high temperatures and demand. Also, it confirmed new titles for several members of the management team.   

  • The ERCOT Board approved on consent a number of NPRRs and other items.
  • The ERCOT CEO reported, among other items, that: (a) net revenues have recovered somewhat with the higher temperatures, but a negative variance is still expected at year-end; (b) Release 5 in September will implement several NPRRs and system changes; and (c) the ERCOT market has been deemed most competitive in the U.S. in a recent survey.
  • The CEO presented a number of interns who have successfully participated in ERCOT’s summer intern program.
  • ERCOT staff reported on the recent period of high temperatures and increased demand, noting that on 8/10/15, it exceeded 69,000MW for the first time in ERCOT’s history.
  • ERCOT’s meteorologist reported that temperatures have been higher than originally predicted.
  • The Independent Market Monitor (IMM) reported on a recommendation from the 2014 State of the Market Report, which concluded that improvements to the commitment and dispatch of peaking resources (and other resources that can respond quickly) ought to be pursued in ERCOT.
  • The Vice Chair of the Technical Advisory Committee (TAC) reported that TAC set up the Distributed Resource Energy and Ancillaries Market (DREAM) Task Force; heard an update on the Energy Management System (EMS) coding error; and is planning for the TAC/TAC Subcommittee Goals and Structural and Procedural Review.
  • ERCOT Board also considered several voting items.

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Report: ERCOT Wholesale Market Subcommittee (WMS) Meeting 8/5/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

At its August meeting, the Wholesale Market Subcommittee considered a number of NPRRs, assessed recommendations of the  Outage Coordination Improvement Task Force, and discussed issues related to stability limits.

  • The Wholesale Market Subcommittee (WMS) considered a number of Nodal Protocol Revision Requests (NPRRs).
  • ERCOT staff reported on the development of a Generic Transmission Constraint (GTC) in one area.
  • WMS discussed options from the Outage Coordination Improvement Task Force (OCITF) report.
  • The WMS Chair referred questions around the Energy Management System (EMS) coding error to a working group
  • The Chair of the Emerging Technologies Working Group (ETWG) reported that ERCOT is still in the selection process for a vendor to provide solar forecast.
  • The Chair of the Market Credit Working Group (MCWG) reported that the two credit groups discussed alternatives to NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL).
  • The Chair of the Demand Side Working Group reported that the work of the Loads in SCED v2 Subgroup has raised a number of policy issues.

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Report: ERCOT’s Retail Market Subcommittee (RMS) Meeting 8/4/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

At its August meeting, the Retail Market Subcommittee considered a number of revision requests and Change Requests, discussed possible upgrades to certain retail systems, and heard updates by ERCOT staff on several retail issues. Participants also discussed potential improvements to the reporting of Inadvertent Gains. 

  • The Retail Market Subcommittee (RMS) voted on several Retail Market Guide Revision Requests, Change Requests, NPRRs, and System Change Requests.
  • ERCOT staff presented an update on their effort to develop a new weather zone.
  • A representative of the Joint Development and Operating Agreement (JDOA) reported in more detail on the March outage at the Smart Meter Texas (SMT).
  • The RMS Chair reported that the Joint RMS/Wholesale Market Subcommittee (WMS) Workshop I: Improving Third-Party Access to SMT was held on 7/23-24/15, and was very well attended.
  • The Co-Chair of the MarkeTrak Task Force said that the training sessions on the Inadvertent Gains (IAG) processes was successful and well attended.
  • RMS members discussed the possibility of upgrading several retail systems.
  • ERCOT staff reported on the following topics:
    • ERCOT IT Report August 2015 Inadvertent Switch (IAS) Impact by REP June 2015 MarkeTrak Upgrade 2015
    • RMS August 2015 Project Update.
    • July 2015 IAG Numbers
    • Flight Testing Update
    • August RMS Legacy Tool Migration Update

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Report: ERCOT’s Technical Advisory Committee (TAC) Meeting 7/30/15
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The July TAC had a full meeting, with updates on the Future Ancillary Service redesign, a coding error in the Energy Management System, and the Voltage Reduction Task Force. Participants also considered a number of NPRRs and the possibly unintended effect of one revision request. 

  • The Technical Advisory Committee (TAC) considered a number of Nodal Protocol Revision Requests and other revision requests.
  • TAC discussed how to manage older NPRRs that have yet to be implemented.
  • TAC heard an update on the work of the Voltage Reduction Task Force.
  • Luminant made a presentation on what the company believes are unintended consequences of NPRR639, Corrections to Minimum Current Exposure (MCE), and asked TAC to change a related T5 parameter.
  • The Chair of the Commercial Operations Subcommittee (COPS) provided an update.
  • ERCOT staff and the Brattle Group representatives provided an hour-long update on the Future Ancillary Services (FAS) project.
  • The TAC members also discussed how to proceed on NPRR714, Real-Time Make-Whole Payment for Exceptional Fuel Cost.
  • TAC heard an update from the new DREAM TF (Distributed Resources Energy and Ancillaries Market Task Force).
  • ERCOT staff presented an update on the Energy Management System (EMS) coding error that was recently discovered.
  • TAC discussed a possible Revision Request Alignment with the 2015 TAC Goals.

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Report: ERCOT’s Credit Working Group and Market Credit Working Group Meeting 7/22/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

In July, the credit groups reviewed several NPRRs, including draft ones to address certain problems, and heard a presentation from Argus on Forward Curves. They also briefly reviewed an item on third-party clearing of congestion rights at the ISO-NE.

  • The Credit Working Group (CWG) and Market Credit Working Group (MCWG) met jointly on 7/22/15.
  • The groups reviewed several Nodal Protocol Revision Requests (NPRRs). Draft NPRRs on certain topics were also considered.
  • A representative of Argus made a presentation on Forward Curves, as part of an effort to address credit issues.
  • The staff discussed the need to correct or clean up some credit Protocol language.
  • Luminant representatives presented comments/calculations on NPRR639, Corrections to Minimum Current Exposure (MCE), to fix certain problems.
  • Participants also briefly reviewed an item on third-party clearing of congestion rights at the ISO-NE.
  • At the end, ERCOT staff provided additional Credit Updates.

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Report: ERCOT’s Commercial Operations Subcommittee (COPS) Meeting 7/15/15
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At its July meeting, the Commercial Operations Subcommittee considered a number of revision requests – both filed and draft; received updates from ERCOT staff on several recent changes; and reviewed updates from its working groups.

  • The Commercial Operations Subcommittee (COPS) met on 7/15/15.
  • COPS considered Load Profiling Guide Revision Request LPGRR055, Extend Load Profile Model Calendar Inputs to 2030.
  • COPS also considered several filed and draft Nodal Protocol Revision Requests (NPRRs).
  • The Retail Market Subcommittee (RMS) Chair reported that the group in early June considered:
    • RMGRR130, Alignment of Section 7, Market Processes, with TDSP Terms & Conditions Tariff
    • – RMGRR129, Revision to Customer Rescission Completion Timeline
    • – RMGRR132, Non-Opt-In Entity (NOIE) Disconnect and Reconnect Process – tabled, and referred to the TX Set Working Group to review
    • – Retail Market Guide Revision Request RMGRR131, Guidelines for Notification of Invoice Dispute
  • ERCOT staff reported the data on the Market Data Transparency IT systems.
  • ERCOT staff explained changes to the revision request form.
  • ERCOT staff provided an update on the proposed Settlement Stability Report.
  • The Chair of the Communications and Settlement Working Group (CSWG) provided an update.
  • The Chair of the Profiling Working Group (PWG) provided an update.
  • COPS also reviewed slides from the Market Information System User Group (MISUG).

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Report: ERCOT’s Wholesale Market Subcommittee (WMS) Meeting 7/8/15
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At the July meeting of the Wholesale Market Subcommittee, participants reviewed a number of NPRRs, discussed price correction procedures, and considered changes to the Verifiable Cost Manual. They also heard a conceptual presentation from ERCOT staff on the Real-Time Co-optimization. 

  • The Wholesale Market Subcommittee (WMS) considered several Nodal Protocol Revision Requests (NPRRs).
  • The Chair of QMWG reported that additional comments will be drafted on certain NPRRs under consideration.
  • ERCOT staff made a presentation on the Supplemental AS Market (SASM) costs and allocations.
  • WMS discussed the issue of price corrections.
  • The Chair of the Congestion Management Working Group (CMWG) reported that the group reviewed ‘dynamic line rating telemetry’ procedures.
  • From the Resource Cost Working Group (RCWG), WMS discussed Verifiable Cost Manual Revision Request VCMRR009, Calculation of the Minimum Requirements Fee, and VCMRR008, Alignment with NPRR700, Utilizing Actual Fuel Cost in Startup Offer Caps.
  • Related to the Supply Analysis Working Group (SAWG) update, ERCOT staff explained in greater detail their proposal for Real-Time Co-optimization of Energy and AS and Co-ordination of Power Balance Penalty Curve, Value of Lost Load (VOLL), and System-wide Offer Cap (SWCAP) for AS Demand Curves.The Chair of the Emerging Technologies Working Group (ETWG) reported on the 6/18/15 workshop on Distributed Energy Resources (DERs).

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Report: ERCOT’s Demand Side Working Group (DSWG) Meeting 7/9/15
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The Demand Side Working Group spent most of its July meeting going over the details of the concept of ‘Locational Marginal Price (LMP) – G,’ including a review of a number of policy issues. There was a general acknowledgement that this is a very complex topic.

  • The Demand Side Working Group (DSWG) met on 7/9/15.
  • The group reviewed its goals for 2015.
  • Most of the meeting was devoted to the review of Locational Marginal Price (LMP) – G Policy Issues.
  • Participants acknowledged the complexity of the subject matter.
  • In the end, they agreed on a path forward.
  • ERCOT staff made a presentation on Emergency Response Service (ERS) developments.

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Report: ERCOT’s Technical Advisory Committee (TAC) Meeting 6/25/15
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On 6/25/15, the Technical Advisory Committee met in an informational session to hear updates from ERCOT staff on the Ancillary Services redesign, budget process, and Distributed Energy Resource (DER) workshop.  

  • The Technical Advisory Committee (TAC) met on 6/25/15, in a WebEx-only ‘information session,’ since there were no voting items.
  • ERCOT staff provided an update on the 6/18/15 Distributed Energy Resource (DER) workshop.
  • ERCOT staff reviewed the progress of the Future Ancillary Services (FAS) redesign.
  • ERCOT staff also listed potential improvements to the ERCOT budget process.
  • The TAC Chair mentioned the need for an update to the PUCT on Real-time Co-optimization.

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Report: ERCOT’s Demand Side Working Group (DSWG) Meeting 6/10/15
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At its 6/10/15 meeting, the Demand Side Working  Group spent most of the time in a line-by-line review of the LMP-G (Locational Marginal Pricing) concept paper, drafting additional comments. The group also discussed the recent Emergency Response Service (ERS) procurement.

  • The Demand Side Working Group (DSWG) met on 6/10/15.
  • The group reviewed its goals for 2015.
  • The group discussed a draft Nodal Protocol Revision Request (NPRR) on Emergency Response Service (ERS) Performance Calculations during TDSP Outages.
  • The group also discussed NPRR564, Thirty-Minute ERS and Other ERS Revisions, noting that it needs some clarifying language.
  • ERCOT staff provided an update on the ERS Procurement.
  • The group spent most of the meeting discussing the LMP-G Concept Paper (as a consolidated draft black-line), and drafted additional notes.

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Report: ERCOT’s Board of Directs (BOD) Meeting 6/9/15
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At its June meeting, the ERCOT Board considered a number of NPRRs, reviewed the proposed budget for 2016-2017, and received several reports from staff. The weather report indicated a relatively mild summer for 2015.

  • The ERCOT Board approved on consent a number of Nodal Protocol Revision Requests (NPRRs) and Planning Guide Revision Request (PGRR).
  • The ERCOT CEO reported on finances, solar power, and LNG facilities.
  • The ERCOT meteorologist provided an update on the upcoming weather.  
  • ERCOT staff provided a summer operations and communications update.
  • ERCOT staff provided a briefing on major compliance activities in 2015.
  • The Independent Market Monitor (IMM) reported on the money load pays for energy in real time.
  • From the report of the Technical Advisory Committee (TAC), the Board considered NPRR662, Proxy Energy Offer Curves.
  • The TAC Chair reported on the analyses of NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL).
  • From the report by the Finance and Audit Committee (F&A), the Board considered the 2016-2017 budget and Administrative Fee.
  • ERCOT staff provided an update on results of the special meeting of ERCOT Corporate Members.

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Report: ERCOT’s Wholesale Market Subcommittee (WMS) Meeting 6/3/15
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At its June meeting, the Wholesale Market Subcommittee considered a number of NPRRs, discussed several unusual events that led to higher costs, and reviewed new NERC standards for generators

  • The Wholesale Market Subcommittee (WMS) considered a number of Nodal Protocol Revision Requests (NPRRs).
  • WMS discussed ERCOT’s price correction policy during SCED failure.
  • A representative of the Texas Reliability Entity (TRE) made a presentation on two new ‘generator obligations’ NERC standards.
  • WMS discussed a recent event in the Houston area, when prices rose significantly.
  • The Chair of the Outage Coordination Improvements Task Force (OCITF) reported on the group’s work.
  • WMS discussed a recent even in the West Zone, with high congestion costs.
  • From the Resource Cost Working Group (RCWG) report, WMS discussed several Verifiable Cost Manual Revision Requests
  • The Chair of the Supply Analysis Working Group (SAWG) reported on the group’s work, including Real-Time Co-optimization and Multi-Interval Real-Time Market.
  • The Chair of the Market Credit Working Group (MCWG) explained that the two credit groups and ERCOT staff further analyzed NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL)

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Report: ERCOT’s Retail Market Subcommittee (RMS) Meeting 6/2/15
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  • The Retail Market Subcommittee (RMS) voted on three Retail Market Guide Revision Requests and draft revision requests.
  • RMS also considered several Change Requests, which led to a heated exchange on their potential approval.
  • The RMS Chair noted several upcoming workshops and training.
  • The RMS Chair provided an update on the RMS/COPS Workshop V Interval Data Recorder (IDR) Meter Protocol Requirement Threshold. 
  • ERCOT staff reported on the following topics:
  • Communication of unplanned retail system issues
    • ERCOT IT Report June 2015
    • Flight Testing Update
    • IAG Impact by REP
    • May 2015 IAG Numbers
    • Browser Presentation
    • Legacy Tool Migration Update.

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Report: ERCOT’s Technical Advisory Committee (TAC) Meeting 5/28/15
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At the May TAC meeting, participants discussed several revision requests and Other Binding Documents, and heard an update on the Ancillary Service Redesign and its cost/benefit analysis, followed by a long discussion. They also heard updates on several topics from ERCOT staff, including training and web browser support. .  

  • The Technical Advisory Committee (TAC) considered a number of Nodal Protocol Revision Requests (NPRRs) and other revision requests (not all were approved).
  • Several NPRRs elicited discussions about the merits of the proposed language.
  • TAC considered items from the Other Binding Document List.
  • ERCOT staff provided an update on the Future Ancillary Services (FAS) project and the cost/benefit analysis.
  • The staff presented proposals for FAS Procurement and Pricing (also, as a matrix).
  • ERCOT staff presented updates on the following items:
    • Re-write of Protocol Section 20, Alternative Dispute Resolution Procedure
    • ERCOT Browser Support
    • Market Participant Training Plan
    • NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL).

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Report: ERCOT’s Emerging Technologies Working Group Meeting 5/21/15
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At its 5/21/15 meeting, the Emerging Technologies Working Group addressed various aspects of a new market participant – i.e., Distributed Energy Resource (DER). The participants also heard an extensive presentation from CAISO on California’s proposal for a DER Provider concept.

  • The Emerging Technologies Working Group (ETWG) met on 5/21/15.
  • The Chair announced a new workshop on Distributed Energy Resources (DERs).
  • ERCOT staff provided an update on the next phase of the Request for Proposal (RFP) on forecasting of Photo-voltaic Generation Resources (PVGRs).
  • The staff discussed the implementation timeline for NPRR615, PVGR Forecasting.
  • The group reviewed ERCOT’s DER White Paper and filed comments.
  • Representatives from the California ISO made a presentation on the DER Provider (DERP) Concept and Metering and Telemetry Options.
  • A representative from CPower Corp. made a presentation on the ‘Modern Telemetry Capabilities.’
  • At the end, ETWG discussed possible DER telemetry requirements.

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Report: ERCOT’s Commercial Operations Subcommittee (COPS) meeting 5/13/15
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At its May meeting, the Commercial Operations Subcommittee reviewed a new Load Profiling Guide Revision Request, heard a long update from the Retail Market Subcommittee, and considered a new communications plan for changes in Unregistered Distributed Generation. 

  • The Commercial Operations Subcommittee (COPS) met on 4/13/15.
  • The Retail Market Subcommittee (RMS) Chair reported that the group considered a number of items.
  • She also reported that training on Inadvertent Gains has started.
  • ERCOT staff that Market Data Transparency IT systems met all System Level Agreement (SLA) targets in April.
  • The Chair of the Communications and Settlement Working Group (CSWG) reported on the development of a plan to communicate DG changes.
  • ERCOT staff reported on the DG report.
  • The Chair of the Profiling Working Group (PWG) reported that the group considered a draft LPGRR, and will be reviewing a related Protocol Section.
  • The Chair of RMS also provided an Update on the RMS/COPS Workshop V IDR Meter Protocol Requirement Threshold.

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Report: ERCOT’s Wholesale Market Subcommittee (WMS) meeting 5/6/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

At its May meeting, the Wholesale Market Subcommittee considered many NPRRs, discussed a change to the Day-Ahead Market (DAM) Offer Bid Limitations, and voted on a clarification related to the allocation of minimum gas transportation costs in the fuel adder calculation. The group also reviewed performance of four vendors on Photo-voltaic forecasting. 

  • The Wholesale Market Subcommittee (WMS) considered a number of NPRRs.
  • The Chair WMS reported on the Outage Coordination Improvements Task Force (OCITF) meeting.
  • ERCOT staff reported on a new problem with the Day-Ahead Market (DAM) Offer and Bid Limitations, caused by an increase in transactions.
  • From the update of the Resource Cost Working Group (RCWG), WMS discussed Real-Time Mitigation during Exceptional Fuel Events.
  • The RCWG Chair reported that ERCOT staff were seeking clarification ‘on allocating minimum gas transportation costs in the fuel adder calculation.’
  • The Chair of the Supply Analysis Working Group (SAWG) reported that ERCOT released the summer/fall forecasts and Capacity, Demand, Reserves (CDR) report.
  • The Chair of the Emerging Technologies Working Group (ETWG) reported that ERCOT reviewed proposals/performance from four vendors on Photo-voltaic forecasting.
  • The Congestion Management Working Group (CMWG) held a meeting in April (after a long break) and reviewed the Load Zone Assignment Methodology.
  • The Chair of the Market Credit Working Group explained that the credit groups continue to review and refine NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL).

 

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Report: ERCOT’s Retail Market Subcommittee (RMS) meeting 5/5/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

At its May meeting, the RMS members reviewed several changes to the Texas Test Plan and Flight Test Schedule, considered Retail Market Guide Revision Requests, and discussed upcoming and future training. Also, ERCOT staff provided updates on several new retail developments. 

  • The Retail Market Subcommittee (RMS) considered several Market Guide Revision Requests and other voting items.
  • RMS also considered Change Requests from the Advanced Metering Working Group (AMWG).
  • The Co-Chair of the MarkeTrak Task Force said that the group is planning training on the Inadvertent Gains processes.
  • The Retail Market Training Task Force (RMTTF) had its first meeting in April. As the group decides on its priorities, one Co-Chair asked for input from Market Participants (MPs).
  • The Vice Chair of the Commercial Operations Subcommittee (COPS) reported that the group heard an update on the Settlement Stability Data and also addressed the Unregistered Distributed Generation (DG) Threshold Trigger Communication Plan.
  • ERCOT staff presented an update on ERCOT Browser Support and Changes.
  • ERCOT staff provided an update on the most recent Flight Testing.

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Report: ERCOT’s Credit Working Group and Market Credit Working Group (CWG/MCWG) meeting 4/22/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

At its joint meeting in April, the ERCOT credit groups again reviewed NPRR638, discussed results of the Capacity Forecast Model, and heard updates on upcoming assignments. They also agreed that the Credit Risk Impacts and Modeling (CRIM) Task Force would continue to meet to address unresolved issues.  

  • The Credit Working Group (CWG) and Market Credit Working Group (MCWG) met jointly on 4/22/15.
  • The credit groups reviewed several Nodal Protocol Revision Requests (NPRRs) for credit implications.
  • The credit groups again discussed NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL).
  • The Credit Risk Impacts and Modeling (CRIM) Task Force met in the afternoon to continue reviewing NPRR638.
  • ERCOT staff reported that they are continuing to analyze the Capacity Forecast Model.
  • ERCOT staff reported on new developments related to the market credit insurance.
  • ERCOT staff said that they are working on new NPRRs.
  • The Chair of CWG reported on a new assignment by the Board’s Finance and Audit Committee (F&A).
  • At the end, ERCOT staff provided additional Credit Updates.

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Report: ERCOT’s Commercial Operations Subcommittee (COPS) meeting 4/15/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

At the April COPS meeting, participants discussed the structure of new reports on settlement stability, how to prepare for changes to the Unregistered Distributed Generation process, and whether to maintain the Load Profiling Guide.

  • The Commercial Operations Subcommittee (COPS) met on 4/15/15.
  • The Retail Market Subcommittee (RMS) Chair reported that the group considered a number of voting items.
  • ERCOT staff reported that Market Data Transparency IT systems met all System Level Agreement (SLA) targets in March.
  • ERCOT staff presented an update on settlement performance for 1Q 2015.
  • ERCOT staff announced personnel changes to the Settlement and Retail Operations Organization.
  • During the report of the Communications and Settlement Working Group (CSWG), COPS members discussed how, and whether, to change the process/threshold for registering Unregistered Distributed Generation (DG).
  • The Chair of the Profiling Working Group (PWG) reported that the group considered Load Profiling Guide Revision Request LPGRR055, Extend Load Profile Model Calendar Inputs to 2030. It may a COPS voting item in May.
  • The Chair of the Market Information System User Group (MISUG) reported that ERCOT will distribute an online survey to Market Participants regarding preferences and interests for external web services.
  • The Chair of RMS also reported on the RMS/COPS Workshop IV on IDR Meter Protocol Requirement Threshold.

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Report: ERCOT’s Board of Directors (BOD) meeting 4/14/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

At its April meeting, the ERCOT Board considered a number of NPRRs, reviewed Independent Market Monitor’s report on recent prices in the ERCOT market, and considered a new transmission project. Also, the Chair announced a new Board member nominee.

  • The Board approved on consent a number of revision requests.
  • The ERCOT CEO reported, among other items, that net revenues are currently $2.2 million favorable.
  • The Independent Market Monitor (IMM) reported on the level of prices in the first three months of 2015.
  • The Chair of the Technical Advisory Committee (TAC) noted the progress of NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL).
  • The Board discussed the LCRA-CPS Energy Transmission System Addition.
  • From the report by the Finance and Audit Committee (F&A), the Board considered the Acceptance of Financial Statement Audit Report and DAM Credit Parameters.
  • The Board discussed a new meeting schedule and a Call for a Special Meeting of ERCOT Corporate Members.
  • The Board’s Nominating Committee continued to search for a new member.

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Report: ERCOT’s Retail Market Subcommittee (RMS) meeting 4/7/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

At its April meeting, the Retail Market Subcommittee considered several revision requests and change requests, in addition to updates on ERCOT and Smart Meter Texas outages. The participants also discussed several upcoming events.

  • The Retail Market Subcommittee (RMS) voted on several Retail Market Guide Revision Requests and other procedures.
  • A representative of the Joint Development and Operating Agreement (JDOA) gave an update on the recent problems and outages related to Smart Meter Texas (SMT) processes.
  • A representative of TNMP explained the company’s recent problems with delayed LSE (Load Serving Entity) files.
  • ERCOT staff made an in-depth presentation on ERCOT Retail IT Incidents.
  • A proposal by the Advanced Metering Working Group (AMWG) to approve one Change Request led to a long discussion and close votes.
  • The Co-Chair of the MarkeTrak Task Force discussed training on the Inadvertent Gains processes.
  • RMS also discussed several upcoming events.

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Report: ERCOT’s Wholesale Market Subcommittee (WMS) meeting 4/6/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

At the April meeting of the Wholesale Market  Subcommittee, participants discussed a number of  NPRRs, prioritization of projects, and how to resolve ‘exceptional fuel cost events.’ The group also approved the filing of several draft revision requests. 

    • The Wholesale Market Subcommittee (WMS) considered a number of Nodal Protocol Revision Requests (NPRRs) and draft revision requests.
    • WMS had a long discussion about prioritizing the 2015 Strategic Initiatives.
    • ERCOT staff provided an update on the Outage Coordination Improvements Task Force.
    • The QMWG update discussed a future white paper on switchable generation and whether ERCOT should replace its use of wind chill factor in RUC procurement.
    • The WMS members discussed a recent SCED (Security Constraint Economic Dispatch) failure and instances of delayed Day-Ahead Market (DAM) publications
    • WMS voted on the future of the ‘Revision to 2015 Market System Enhancements Scope – Phase 2: OFF10/OFF30 (NPRR568, Real-Time Reserve Price Adder Based on Operating Reserve Demand Curve (ORDC)).
    • There was another long discussion about NPRR664, Fuel Index Price for Resource Definition and Real-Time Make-Whole Payments for Exceptional Fuel Cost Events. 
    • ERCOT staff presented a report on the Distributed Generation Interconnection and Registration Challenges in ERCOT.

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Report: ERCOT’s QSE Managers Working Group Meeting 3/27/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

At the March meeting of the QSE Managers’ Working Group, the participants reviewed a number of NPRRs, performance of renewable resources, and Supplemental Ancillary Services Markets. They also discussed a change to the procurement of Reliability Unit Commitment. 

  • The QSE Managers’ Working Group (QMWG) met on 3/27/15.
  • ERCOT staff presented data on the February 2015 GREDP Performance.
  • ERCOT staff presented the Supplemental Ancillary Service Market (SASM) Update.
  • QMWG discussed several Nodal Protocol Revision Requests (NPRRs).
  • The February 2015 Nodal Monthly Aggregate Wind Power Forecast (WPF) Report was presented, but not discussed.
  • QMWG also discussed changing the use of windshield value for procurement of Reliability Unit Commitment (RUC).

 

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Report: ERCOT’s Technical Advisory Committee (TAC) Meeting 3/26/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

At the March meeting of the Technical Advisory Committee, participants addressed a number of revision requests, reviewed subcommittee goals, and discussed changes to auction bid limits and the Seasonal Adjustment Factor. They also considered a new transmission project.  

  • The Technical Advisory Committee (TAC) considered several Nodal Protocol Revision Requests (NPRRs), Load Profiling Guide Revision Requests, Retail Market Guide Revision Requests, Planning Guide Revision Requests, and Nodal Operating Guide Revision Requests.
  • TAC reviewed the list of Other Binding Documents.
  • From the Reliability and Operations Subcommittee (ROS) report, TAC discussed the 2015 ROS Goals.
  • TAC reviewed several previously tabled items, including revision requests.
  • The Chair of the Wholesale Market Subcommittee (WMS) said that NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL), is still being discussed.
  • The TAC members had a substantive discussion about a proposal from the Resource Cost Working Group (RCWG) to use a flag for ‘exceptional fuel events.’
  • TAC discussed new Congestion Revenue Right Account Holder (CRRAH) Transaction Limits for CRR Auctions.
  • The Chair of RMS presented an update on the latest RMS efforts.
  • ERCOT staff provided an update on the Future Ancillary Services (FAS) project.
  • ERCOT staff presented information on the CPS-LCRA Transmission Addition Regional Planning Guide (RPG) Project.
  • ERCOT staff presented the Emergency Response Service (ERS) 2014 Annual Report.
  • ERCOT staff presented a new proposal for the Seasonal Adjustment Factor.

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Report: ERCOT’s Credit Working Group and Market Credit Working Group Meeting 3/10/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

The two ERCOT credit groups met in March to discuss the Seasonal Adjustment Factor, NPRR638, and Capacity Forecast Model. They also took up issues related to risk appetite and risk modeling.

  • The Credit Working Group (CWG) and Market Credit Working Group (MCWG) met on 3/10/15.
  • The credit groups had no Nodal Protocol Revision Requests (NPRRs) to review for credit implications.
  • The credit groups again discussed NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL), which was approved in January.
  • The credit groups reviewed the Seasonal Adjustment Factor back-cast results.
  • ERCOT staff provided an update on the Capacity Forecast Model.
  • The Chair of CWG reported on the development of the Market Risk Appetite Goal.
  • The Chair of CWG also reported on the establishment of the Credit Risk Impacts and Modeling (CRIM) Task Force.
  • ERCOT staff provided additional Credit Updates.

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Report: ERCOT’s Wholesale Market Subcommittee (WMS) meeting 3/4/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

At its March meeting, the Wholesale Market Subcommittee discussed a number of filed and draft NPRRs, reviewed goals and strategic initiatives, and considered new CRR transaction limits. The group also debated how to reach consensus on NPRR638.

  • The Wholesale Market Subcommittee (WMS) considered a number of Nodal Protocol Revision Requests.
  • WMS discussed prioritization of the 2015 Technical Advisory Committee (TAC) Strategic Initiatives.
  • ERCOT staff analyzed potential impacts on the Operating Reserve Demand Curve (ORDC) Phase 2, using historical data (related to ‘As-Built OFF10 and OFF30 Clarification’). 
  • The staff discussed a change to Congestion Revenue Right (CRR) Account Holder Transaction Limits for CRR Auctions.
  • Procedures for Reliability Unit Commitments (RUCs) and Supplemental Ancillary Services Markets (SASMs) will be again discussed in a working group.
  • WMS discussed the filing of a draft NPRR, Ancillary Service Assignment Settlement.
  • From the Resource Cost Working Group (RCWG), WMS discussed a new Verifiable Cost Manual Revision Request and alternatives to NPRR664. 
  • The Chair of the Supply Analysis Working Group (SAWG) said that an analysis of the Real-Time (RT) Co-Optimization and Multi-Interval RT Market proposals seems more manageable now.
  • The Chair of the Market Credit Working Group brought up NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL), and WMS discussed how to get consensus on it.

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Report: ERCOT’s Retail Market Subcommittee (RMS) meeting 3/3/15
Copyright 2015 by Competitive Assets, LLC.  All rights reserved

POINTS OF INTEREST

  • The Retail Market Subcommittee (RMS) voted on the Impact Analyses for Retail Market Guide Revision Requests, RMS goals, a new task force, and several Change Requests.
  • ERCOT staff reported that IT systems for Market Operations, Retail Market, and Market Data Transparency met all of the Service Level Agreement (SLA) targets. 
  • ERCOT staff responded to questions about MarkeTrak incidents in February.
  • ERCOT staff held a workshop on Advanced Metering System (AMS) Data on 2/3/15.
  • ERCOT staff reported that they are still evaluating revisions needed to support a newer version of Internet Explorer (11), but will continue to support IE8.
  • The Vice chair of the Commercial Operations Subcommittee (COPS) reported that the group will spend more time addressing the growth of un-registered Distributed Generation.
  • The Chair of RMS reported on the RMS/COPS Workshop IV on Interval Data Recorder (IDR) Meter Protocol Requirement Threshold v2.
  • The Co-Chair of the MarkeTrak said that the group is planning more training.

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Report: ERCOT’s Retail Market Subcommittee (RMS) meeting 3/3/15
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

In March, the Retail Market Subcommittee members addressed a number of voting items, including goals, a new task force, and Change Requests. They also reviewed in depth the recent MarkeTrak problems and a workshop on IDR Threshold.

  • The Retail Market Subcommittee (RMS) voted on the Impact Analyses for Retail Market Guide Revision Requests, RMS goals, a new task force, and several Change Requests.
  • ERCOT staff reported that IT systems for Market Operations, Retail Market, and Market Data Transparency met all of the Service Level Agreement (SLA) targets. 
  • ERCOT staff responded to questions about MarkeTrak incidents in February.
  • ERCOT staff held a workshop on Advanced Metering System (AMS) Data on 2/3/15.
  • ERCOT staff reported that they are still evaluating revisions needed to support a newer version of Internet Explorer (11), but will continue to support IE8.
  • The Vice chair of the Commercial Operations Subcommittee (COPS) reported that the group will spend more time addressing the growth of un-registered Distributed Generation.
  • The Chair of RMS reported on the RMS/COPS Workshop IV on Interval Data Recorder (IDR) Meter Protocol Requirement Threshold v2.
  • The Co-Chair of the MarkeTrak said that the group is planning more training.

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Report: ERCOT’s Technical Advisory Committee (TAC) meeting 2/26/15
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At the February meeting, TAC members addressed a number of NPRRs and NOGRRs, discussed the need to harmonize NERC and ERCOT testing and modeling requirements for resource owners, and decided how ERCOT could be represented at TAC. They also agreed to create a plan for handling the growth of unregistered distributed generation.

  • The Technical Advisory Committee (TAC) considered several Nodal Protocol Revision Requests (NPRRs) and Nodal Operating Guide Revision Requests.
  • In her ERCOT Board report, the TAC Chair said that NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL) was extensively discussed by the Board.
  • From the WMS update, TAC addressed the 2015 Day-Ahead Market (DAM) Collateral ‘e’ Factors.
  • The TAC members discussed a revision to TAC Procedures on who would represent ERCOT at TAC.
  • The TAC members discussed TAC’s 2015 goals and strategic objectives. 
  • ERCOT staff provided an update on the Future Ancillary Services (FAS) project, noting that they are waiting for the cost/benefit analysis from the Brattle Group. 
  • The Chair of RMS presented an update on the latest RMS efforts.
  • From the Commercial Operations Subcommittee (COPS) report, TAC considered Load Profiling Guide Revision Request LPGRR054, Alignment with NPRR661, Discontinue Posting Profile Data Evaluation Report.

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Report: ERCOT’s Board of Directors (BOD) meeting 2/10/15
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At its first meeting of the year, the ERCOT Board confirmed the CEO and corporate officers, reviewed the 2014 load forecast methodology, and got an update on market prices. The ERCOT CEO noted two new reports, and the Board also approved transmission project in the area of Freeport.  The subcommittee also reviewed its goals and several planned projects.

  • The ERCOT Board elected its 2015 leadership. 
  • The Board approved on consent a number of Nodal Protocol Revision Requests (NPRRs).
  • ERCOT CEO reported on a number of latest developments.
  • ERCOT CEO highlighted the recently issued State of the Grid report.     
  • ERCOT’s analysis of the proposed Environmental Regulations and Future Electric Reliability indicates some concerns for system reliability.
  • The Independent Market Monitor (IMM) reported on prices in 2014.
  • From the report of the Technical Advisory Committee (TAC), the Board considered:
    • System Change Request SCR783, Outage Scheduler Enhancements – Group 2, Usability and Filtering Enhancements, and
    • NPRR219, Resolution of Alignment Items A33, A92, A106, and A150 – TSPs Must Submit Outages for Resource-Owned Equipment and Clarification of Changes in Status of Transmission Element Postings.
  • ERCOT staff made a presentation on CNP’s Jones Creek Project to be located in the Freeport area. 
  • From the reports by the Finance and Audit Committee and Human Resources and Governance Committee, the Board considered a number of related items.

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Report: ERCOT’s Commercial Operations Subcommittee (COPS) meeting 2/11/15
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

In February, the Commercial Operations Subcommittee reviewed plans for 2015 and considered Load Profiling Guide Revision Requests and a System Level Agreement. The members also discussed a new report on the Unregistered Distributed Generation in each load zone.   The subcommittee also reviewed its goals and several planned projects.

  • The Commercial Operations Subcommittee (COPS) reviewed the 2015 goals and working groups’ leadership.
  • COPS reviewed Load Profiling Guide Revision Request LPGRR054, Alignment with NPRR661, Discontinue Posting Profile Data Evaluation Report.
  • COPS reviewed the 2015 Market Data Transparency System Level Agreement (SLA).
  • The Retail Market Subcommittee (RMS) Chair reported that the group considered:ERCOT staff presented information on the amount of un-registered Distributed Generation (DG) in each load zone. 
    • Retail Market Guide Revision Request RMGRR126, Additional ERCOT Validations for Customer Billing Contact Information File
    • Smart Meter Texas Portal Change Requests
    • 2015 Retail SLA
    • RMGRR128, Reinstate Critical Care Status after Resolution of an Inadvertent Gain (IAG)
  • ERCOT staff again reported on the efforts to move to a higher version of Internet Explorer, noting that no decisions have been made yet.
  • The Chair of the Market Information System User Group (MISUG) explained that the ERCOT staff are working on language from the original Nodal Operating Guide Revision Request NOGRR084, Daily Grid Operations Summary Report.   
  • The Chair of RMS also reported on the RMS-COPS Workshop III on Interval Data Recorder (IDR) Meter Protocol Requirement Threshold.

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Report: ERCOT’s Wholesale Market Subcommittee (WMS) meeting 2/4/15
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At its February meeting, the Wholesale Market Subcommittee considered a number of NPRRs, discussed at great length prioritization of major projects, and approved new leaders. The subcommittee also reviewed its goals and several planned projects.

  • The Wholesale Market Subcommittee (WMS) considered a number of Nodal Protocol Revision Requests.
  • The Resource Cost Working Group (RCWG) is continuing to look at alternatives for NPRR664 Fuel Index Price for Resource Definition and Real-Time Make-Whole Payments for Exceptional Fuel Cost Events. 
  • From the RCWG report, WMS considered the filing of a Verifiable Cost Manual Revision Request (VCMRR) on Fuel Adder Timeline.
  • ERCOT staff announced creation of a new task force. 
  • The WMS members discussed a draft NPRR, As-Built OFF10 and OFF30 Clarification. 
  • WMS approved the new leadership of its working groups.
  • The WMS members discussed how to prioritize some of the major projects currently undertaken by ERCOT. 
  • WMS considered its 2015 goals.  
  • ERCOT staff reviewed the report it filed with the PUCT in Project No. 42302, related to reliability standards.
  • The Chair of the Supply Analysis Working Group (SAWG) said that an analysis of the Real-Time (RT) Co-Optimization and Multi-Interval RT Market proposals (and/or draft NPRRs) will take a long time.
  • The Chair of the Emerging Technologies Working Group (ETWG) reported that the group will invite a representative from New York to report on that state’s distributed generation efforts.

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Report: ERCOT’s Retail Market Subcommittee (RMS) meeting 2/3/15
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At the 2/3/15 meeting, the Retail Market Subcommittee reviewed several revision requests, discussed new change requests, and got an update on the latest Flight Test.  The RMS also considered a revised System Level Agreement.

  • The Retail Market Subcommittee (RMS) voted to approve the new leadership of its working groups and considered several revision requests.
  • ERCOT staff reported that IT systems data for January were not ready.
  • ERCOT staff presented a revised Retail Service Level Agreement (SLA) 2015 draft v2, with certain changes to the release schedule. 
  • ERCOT staff held a workshop on Advanced Metering System (AMS) Data on 2/3/15.
  • ERCOT staff reported that they are still evaluating revisions needed to support a newer version of Internet Explorer (11), but will continue to support IE8.
  • The Texas Data Transport Working Group (TDTWG) noted its 2015 goals.  
  • The Chair of RMS reported on the RMS-COPS Workshop III – IDR Meter Protocol Requirement Threshold (Interval Data Recorder). 
  • January 2015 numbers for Inadvertent Gains have been posted, and RMS Chair said that new training for IAG processes is being discussed.
  • ERCOT staff reported on the current Flight Test, which is running more efficiently after some changes.

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Report: ERCOT’s Technical Advisory Committee (TAC) meeting 1/29/15
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At its 1/29/15 meeting of the Technical Advisory Committee, members elected the new leadership, reviewed a number of NPRRs, and considered two procedural changes. They also discussed a new transmission project and a couple of workshops.

  • The Technical Advisory Committee (TAC) re-elected Randa Stephenson (LCRA) as the Chair, and Adrianne Brandt (Austin Energy) as the Vice Chair, for 2015.
  • TAC considered several Nodal Protocol Revision Requests (NPRRs) and a System Change Request (SCR).
  • TAC members confirmed the TAC Subcommittee Leadership.
  • A proposed Board Bylaw amendment, “regarding Segment Alternates for the Industrial and Large Commercial Consumer Sub-segments” was considered. 
  • TAC members discussed the possibility of prioritizing the various projects ERCOT is currently working on to make sure all have adequate resources.
  • From the Reliability and Operations Subcommittee (ROS) report, TAC considered several revision requests.
  • ERCOT staff reminded all about a workshop on the Future Ancillary Services (FAS) proposal and NPRR667, Ancillary Services Redesign. 
  • The ROS Chair reminded all about a workshop on the economic impact of Outage Scheduler.
  • ERCOT staff made a presentation on CNP’s Jones Creek Project to be located in the Freeport area.     
  • ERCOT staff also presented information on the ‘Annual Review of the Market Impacts of Reliability Unit Commitments.’ 

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Report: ERCOT’s Credit Working Group and Market Credit Working Group Meeting 1/20/15
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At the January meeting, the credit groups addressed a number of NPRRs, discussed new proposals for Available Credit Limit calculations and risk exposure mitigation, and reviewed the Credit Work Group Charter.  

  • The Credit Working Group (CWG) and Market Credit Working Group (MCWG) met on 1/20/15.
  • The credit groups reviewed several Nodal Protocol Revision Requests (NPRRs) for credit implications.
  • The credit groups again discussed NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL).
  • The groups also discussed three new NPRRs:
    • NPRR671, Day-Ahead Credit Parameters
    • NPRR673, Correction to EAL for QSE that Represents Neither Load nor Generation
    • NPRR670, Clarification of Portfolio Weighted Auction Clearing Price (PWACP).
  • Participants discussed Luminant’s proposal for Available Credit Limit (ACL) and ERCOT staff’s ACL Discount Impact.
  • The credit groups discussed the Day-Ahead Market (DAM) collateral factors for 2015.
  • The credit groups reviewed the draft CWG Charter, and discussed how best to coordinate the work and representation of the joint groups.
  • The Chair of CWG presented an updated proposal on the Mitigation of Credit Tail Risk Exposure (i.e., a Letter of Credit (LOC) concept).
  • ERCOT staff provided additional Credit Updates.

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Report: ERCOT’s Commercial Operations Subcommittee (COPS) Meeting 1/14/15
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At its first 2015 meeting, the Commercial Operation Subcommittee discussed the 2015 Market Data Transparency System Level Agreement, comments on an NPRR, and new settlement NPRRs. Also, ERCOT staff provided updates on the implementation of a couple of settlement projects.

  • The Commercial Operations Subcommittee (COPS) elected Michelle Trenary (Tenaska) as the Chair, and John Schatz (Luminant) as the Vice Chair, for 2015.
  • COPS considered comments by the Profiling Working Group (PWG) for NPRR661, Discontinue Posting Profile Data Evaluation Report.
  • COPS considered the vote on the Market Data Transparency System Level Agreement (SLA).
  • The Retail Market Subcommittee (RMS) Chair reported that the group considered:The RMS Chair also reminded participants about several upcoming events.
    • Retail Market Guide Revision Request RMGRR126, Additional ERCOT Validations for Customer Billing Contact Information File
    • RMGRR127, Efficiencies for Acquisition Transfer
    • NPRR668, Updates to Texas SET Implementation Guide Process
    • RMGRR128, Reinstate Critical Care Status after Resolution of an Inadvertent Gain (IAG).
  • The RMS Chair also reminded participants about several upcoming events.
  • ERCOT staff’s report showed that in December, IT systems for Market Operations, Market Data Transparency, and Retail Market met all of the Service Level Agreement (SLA) targets. 
  • ERCOT staff reported on the efforts to move to a higher version of Internet Explorer.
  • ERCOT staff announced that some new settlement NPRRs may be implemented.
  • The Chair of the Communications and Settlement Working Group (CSWG) reported on the implementation of NPRR580, Establishment of Rolling Congestion Revenue Right (CRR) Balancing Account.
  • The Chair of RMS also reported on the RMS-COPS Workshop II on Interval Data Recorder (IDR) Meter Protocol Requirements.
  • ERCOT staff reported on the implementation of SCR772, New Extract for Five Minute Interval Settlement Data.

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Report: ERCOT’s Wholesale Market Subcommittee (WMS) Meeting 1/7/15
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At its first meeting in 2015, the Wholesale Market Subcommittee  agreed to consider more extensively: (a) the impact of higher Ancillary Service procurement on prices, (b) alternatives to the implementation of make-whole payments for certain fuel cost events, and (c) alternatives to Reliability Unit Commitment during cold weather. Also, the subcommittee will research the impact of outages on prices.

  • The Wholesale Market Subcommittee (WMS) voted to keep Seth Cochran (DC Energy) as the Chair, and Bob Helton (GDF Suez) as the Vice Chair, for 2015.
    • WMS considered several Nodal Protocol Revision Requests.WMS discussed recommendations contained in the 2013 State of the Market Report (by the Independent Market Monitor).
    • WMS will consider an alternative to make-whole payments for certain fuel events because of high implementation cost. 
    • The WMS members discussed a new NERC standard and the impact of higher Ancillary Service procurement on prices.   
    • WMS noted that ERCOT staff may be reviewing the impact of outages on prices.  Members then debated how best to manage outages/notices. 
  • The Chair of the Supply Analysis Working Group (SAWG) alerted WMS members to the posting of the 2014 Long-Term System Assessment Report for the ERCOT Region. 
  • The Chair of the RUC Task Force will continue to discuss alternatives to using RUC during cold weather.
  • ERCOT staff will proceed with new time periods for ERS contracts.
  • After the WMS meeting, there was a workshop on NPRR649, Lost Opportunity Payments for High Dispatch Limit (HDL) Manual Overrides. 

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Report: ERCOT’s Retail Market Subcommittee (RMS) Meeting 1/6/15
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

On 1/6/15, the Retail Market Subcommittee considered several revision requests, discussed changes to the System Level Agreement, and agreed on next steps for improving ERCOT test environment. The group also heard an update on a smart-meter project for low-income customers.

  • The Retail Market Subcommittee (RMS) voted on new leadership for 2015.
  • RMS considered several revision requests.
  • ERCOT staff reported on the IT systems performance.
  • During the update from the Texas Data Transport Working Group (TDTWG), RMS discussed a recommendation for improving the ERCOT test environment. 
  • ERCOT staff presented revised Retail SLA 2015 draft v2.
  • ERCOT staff presented the January 2015 Project Update.
  • ERCOT staff said that another workshop on Advanced Metering System (AMS) Data has been planned.
  • ERCOT staff reported that they are still evaluating revisions needed to support a newer version of Internet Explorer (11).  
  • The Chair of RMS reported on the joint workshop with the Commercial Operations Working Group (COPS) on whether to review/revise the IDR-Required Threshold (Interval Data Recorder). 
  • Rob Bevill reported on the posting of the AMS Low Income Program – Implementation Plan.
  • The Co-Chair of the MarkeTrak said that the group is considering new and ongoing MT training and also to make it mandatory for new market entrants.
  • In the Advanced Metering Working Group (AMWG) update, the Co-Chair reported that many third-party providers are integrating into the system. 

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Report:  ERCOT’s Technical Advisory Committee (TAC) Meeting 12/18/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

On 12/18/14, the Technical Advisory Committee considered a number of NPRRs, reviewed ERCOT management re-organization, and heard an update on the Future Ancillary Services re-design. Its longest discussion was about alternatives to using RUC (Reliability Unit Commitment) in cold weather.

  • The Technical Advisory Committee (TAC) considered a number of Nodal Protocol Revision Requests (NPRRs).
  • The Chair of the Protocol Revision Subcommittee (PRS) mentioned that there may be a workshop on a new System Change Request.
  • From the Reliability and Operations Subcommittee (ROS) report, the Chair highlighted as important a Planning Guide Revision Request on Load Scaling Methodologies in Planning Studies.
  • ERCOT staff provided an update on the Future Ancillary Services (FAS) project.
  • During the update from the Wholesale Market Subcommittee, the TAC members discussed ERCOT’s proposal for handling RUC during cold weather.
  • Brad Jones (ERCOT) announced a reorganization of ERCOT’s management.

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Report:  ERCOT’s Credit Working Group and Market Credit Working Group (CWG/MCWG) Meeting 12/12/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At its December meeting , the credit groups reviewed several NPRRs, an analysis of Luminant’s proposal for NPRR638 (related to price seasonality), and revisions to the credit application. Also, the groups’ new leadership for 2015 was announced.

  • The Credit Working Group (CWG) and Market Credit Working Group (MCWG) met on 12/12/14.
  • The credit groups reviewed several Nodal Protocol Revision Requests (NPRRs) for credit implications.  Some will be considered again in January.
  • The credit groups reviewed an analysis of the new proposal for NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL).
  • ERCOT staff presented revisions to the Credit Application; it may be voted on next month.
  • ERCOT staff announced the credit groups’ new leadership for 2015.
  • The Capacity Forecast Model v3 may be brought back next month for consideration.
  • The proposal to use a Letter of Credit (LOC) to address the possibility of high losses in the market may also be taken up in January.
  • ERCOT staff provided new credit updates.

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Report:  ERCOT’s Board of Directors (BOD) Meeting 12/9/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

On 12/9/14, the ERCOT Board considered a number of NPRRs, the new Ancillary Services Methodology, and certain price corrections. Also, the CEO reported on the effects of the mild weather and accuracy of the revised forecast methodology.

  • The ERCOT Board approved on consent several Nodal Protocol Revision Requests (NPRRs) and other items.
  • The ERCOT CEO reported, among other items, that: (a) because of the mild weather, collections of the administrative fee have fallen somewhat.
  • ERCOT staff performed a new analysis of the revised load forecast methodology.
  • The Board considered the new 2015 Methodology for Determining Minimum Ancillary Service Requirements.
  • The Board confirmed the 2015 TAC representatives.
  • The Chair of the Board’s Nominating Committee reported on the efforts to find a replacement for an outgoing Board member.
  • The Board considered price corrections for certain Settlement Points in Real-Time Market (RTM) from the October time period.
  • The Board considered Acceptance of the 2014 Service Organization Control (SSAE16) Audit and the Proposed 2015 Key Performance Indicators.

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Report: ERCOT’s Wholesale Market Subcommittee (WMS) Meeting 12/3/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At its December meeting, the Wholesale Market Subcommittee addressed a number of NPRRs, agreed on the next steps for the Multi-interval SCED and Co-optimization proposals, and offered direction to ERCOT staff on several initiatives, including on RUC-ing for capacity in cold weather.

  • The Wholesale Market Subcommittee (WMS) considered several Nodal Protocol Revision Requests and a System Change Request.
  • The WMS members discussed options for addressing ‘Reliability Unit Commitments (RUC) in extreme cold weather.’ 
  • WMS considered the Minimum Point-to-Point (PTP) Option Bid Price.
  • ERCOT staff reported on the Interconnection Handbook.
  • WMS approved a new name for the Generation Adequacy Task Force, and also approved its revised charter.
  • WMS considered a change control process for the Seasonal Assessment of Resource Adequacy (SARA).
  • In a close vote, WMS decided on the next steps for the Multi-interval SCED and Real-Time Co-optimization proposals.
  • The Chair of the Market Credit Working Group reported that the group is still working on NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL).

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Report: ERCOT’s Retail Market Subcommittee (RMS) Meeting 12/2/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At its December meeting, the Retail Market Subcommittee reviewed new guide revisions and results from several workshops. There was also a discussion about how to improve MarkeTrak monitoring and the need to update REP contact information.  

  • The Retail Market Subcommittee (RMS) considered several voting items.
  • ERCOT staff reported that in October, IT systems for Market Operations, Retail Market, and Market Data Transparency met all of the Service Level Agreement (SLA) targets. 
  • During the Commercial Operations Subcommittee (COPS) update, the COPS Vice Chair reported on the efforts of the Market Information System (MIS) User Group.
  • The COPS Vice Chair also said that MISUG held a workshop.
  • The RMS Chair listed 2014 RMS Goals and accomplishments.
  • After the meeting, RMS held a second joint workshop with COPS on whether to review/revise the IDR-Required Threshold (Interval Data Recorder). 
  • ERCOT staff provided an update on the latest Flight Test.
  • Another workshop on Advanced Metering System (AMS) Data has been planned.

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Report:  Generation Adequacy Task Force Meeting 11/10/14
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The November meeting of the Generation Adequacy Task Force (GATF) focused on discussions about the Real-time Co-optimization and Multi-interval SCED, CDR inputs, and a couple of NERC studies. The group also reviewed a new charter and goals.

  • At the 11/10/14 meeting of the Generation Adequacy Task Force (GATF), there was a discussion about how to combine GATF and the Resource Adequacy Task Force (RATF).
  • The group agreed on a possible name, the scope, and goals.
  • ERCOT staff provided an update on the NERC Long-term Reliability Assessment (LTRA) and Loss of Load Expectation (LOLE) Study. 
  • ERCOT staff also presented updates on the status of several inputs into the Capacity, Demand, and Reserves (CDR) report.
  • The group discussed the Real-time Co-optimization and Multi-interval SCED (Security Constrained Economic Dispatch) proposal.  

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Report: ERCOT’s Technical Advisory Committee (TAC) Meeting 11/20/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At its November meeting, the Technical Advisory Committee devoted most of the time to an NPRR on new index fuel price, heard an update on the Future Ancillary Services project, and discussed ERCOT’s agreement on how to handle Frontera’s output in emergency conditions. The Technical Advisory Committee (TAC) considered several Nodal Protocol Revision Requests (NPRRs).

  • From the Reliability and Operations Subcommittee (ROS) update, TAC considered a Nodal Operating Guide Revision Request and Planning Guide Revision Request.
  • From the update of the Wholesale Market Subcommittee (WMS), TAC considered Verifiable Cost Manual Revision Request VCMRR005, Index Fuel Price.
  • ERCOT staff provided an update on the Future Ancillary Services (FAS) project, noting that ERCOT Responses to MP Comments on Draft FAS NPRR have been posted. 
  • From the Retail Market Subcommittee (RMS) update, TAC reviewed Proposed 2015 Flight Schedule v1.
  • From the update of the Commercial Operations Subcommittee (COPS), TAC considered Load Profiling Guide Revision Request LPGRR053, Zip Code to Weather Zone Table Update.
  • ERCOT legal staff provided an update on Frontera’s sales to Mexico and the agreement it now has with ERCOT on how to handle emergencies. 
  • ERCOT staff reported that they are working on new Protocol language addressing “how to restore the market in an event of a system outage.”

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Report: ERCOT Commercial Operations Subcommittee  (COPS) Meeting 11/5/14
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At its November meeting, the Commercial Operations Subcommittee reviewed several revision requests, heard an update on the settlement system upgrade, and discussed an issue with low-load factor ESIIDs. The members also reviewed latest efforts of the Market Information System User Group.The Commercial Operations Subcommittee (COPS) discussed Load Profiling Guide Revision Requests and NPRR comments.

  • The Retail Market Subcommittee (RMS) Chair noted approval of several items, including the new flight schedule.  She also reminded participants about upcoming events and training, and reported on the RMS/COPS Workshop I – IDR Meter Protocol Requirement.
  • ERCOT staff’s report showed that in October, IT systems for Market Operations, Market Data Transparency, and Retail Market met all of the Service Level Agreement (SLA) targets.
  • COPS members asked for a six-month notice before ERCOT transitions to Internet Explorer 11.
  • ERCOT staff presented the 2014 Third Quarter Unregistered Distributed Generation (DG) Report.
  • ERCOT staff provided an update on the Settlement System Upgrade Project and the go-live dates.
  • The Communications and Settlement Working Group (CSWG) discussed the new settlement schedule (including for Nov. 2014).
  • ·The Chair of the Market Information System User Group (MISUG) explained that revisions have been identified to NOGRR084, Daily Grid Operations Summary Report.

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Report: ERCOT Retail Market Subcommittee (RMS) Meeting 10/28/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At its November meeting, the Retail Market Subcommittee heard updates on Smart Meter Texas, Change Requests, and Third-party Functionality; approved the 2015 Flight Test
schedule; and discussed upcoming training and workshops.

  • The Retail Market Subcommittee (RMS) considered a Retail Market Guide Revision Request (RMGRR) and several other voting items.
  • ERCOT staff reported that in October, IT systems for Market Operations, Retail Market, and Market Data Transparency met all of the Service Level Agreement (SLA) targets, and there were no incidents.
  • RMS heard an update from the Joint Development and Operating Agreement (JDOA) group on the status of Change Requests.
  • The MarkeTrak Task Force (MTTF) Co-Chair reported that Project (PR) 010_03 SCR756 Phase III Part B Stabilization “go live” went well with these minimal issues reported.
  • ERCOT staff presented a Flight Testing Update.
  • ERCOT staff reported on the Performance Measures for 3Q 2014. 
  • ERCOT staff provided an update on the Advanced Metering System (AMS)_Data Workshops, held this summer and in September.
  • RMS held a joint workshop with the Commercial Operations Subcommittee (COPS) on whether to review/revise the IDR-Required Threshold (Interval Data Recorder).     

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Report: ERCOT Wholesale Market Subcommittee (WMS) Meeting 10/29/14
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The Wholesale Market Subcommittee had a busy November meeting, with discussions about the co-optimization proposal, several NPRRs, and whether to delete certain ERCOT reports. There were also updates on the Interconnection Handbook and CRR Balancing Account.

  • At the Wholesale  Market Subcommittee (WMS) meeting, ERCOT staff presented an overview of a proposal for Real-Time Co-optimization of Energy and Ancillary Services  (AS) and Multi-Interval Real-Time Market.      
  • WMS discussed questions around switchable units.
  • WMS discussed a number Nodal Protocol Revision Requests.
  • The WMS members reviewed six NPRRs that were drafted by the Market Information System User Group (MISUG) to remove certain reports from MIS.
  • ERCOT staff reported that a revised Interconnection Handbook has been emailed to stakeholders.
  • WMS discussed the merits of a credit insurance proposal.
  • The Chair of the Emerging Technologies Working Group (ETWG) reported that the group will be focusing on discussing “Further Integration and/or Business Case Scenarios for Aggregated Distributed Resource Market Participation.”
  • The task force on Reliability Unit Commitment (RUC) issues is planning to schedule a meeting soon.

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Report: ERCOT Technical Advisory Committee (TAC) Meeting 10/23/14
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On 10/23/14, the Technical Advisory Committee reviewed a number of NPRRs, discussed ERCOT staff’s proposal for the new Ancillary Services (AS) Methodology, and Congestion Revenue Right calendar. Further, there were updates on Future AS, Frontera sales, and Valley outages.

  • The Technical Advisory Committee (TAC) considered several Nodal Protocol Revision Requests (NPRRs) and System Change Request (SCR).
  • The Chair of the Reliability and Operations Subcommittee (ROS) presented the ROS goals.
  • From the WMS report, TAC considered the new Congestion Revenue Right (CRR) Activity Calendar.
  • ERCOT staff presented the new 2015 Ancillary Services (AS) Methodology, as it was revised at the joint ROS/WMS meeting, and TAC discussed additional changes.
  • ERCOT staff provided an update on the Future Ancillary Services (FAS) project, noting that Market Participant comments on the draft FAS NPRR have been posted.  The staff are also working on reviewing bids for the cost/benefit analysis (CBA).
  • ERCOT staff presented updates on  ERCOT Operations, Planning, and IT:
    • Assessment of the Valley Region and Review of Frontera Facility, and
    • Rio Grande Valley Outages.
  • The staff said that Frontera’s sales to Mexico could be managed under normal circumstances, but there are concerns if other problems occur. 

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Report: ERCOT’s Credit Working Group and Market Credit Working Group (CWG/MCWG) Meeting 10/15/14
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At their 10/15/14 meeting, the credit groups reviewed several NPRRs, addressed additional concerns with NPRR638, and discussed solutions to the Capacity Forecast Model and Letter of Credit proposal. Also, ERCOT staff asked for input on the Credit Application revisions.

  • The Credit Working Group (CWG) and Market Credit Working Group (MCWG) met on 10/15/14.
  • The credit groups reviewed several Nodal Protocol Revision Requests (NPRRs) for credit implications.
  • The credit groups reviewed new comments on NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL).
  • ERCOT staff reviewed the M2 Parameters’ change from ten to nine days.
  • ERCOT staff presented proposed changes to the Credit Application and asked that MPs review it. 
  • The Credit Work Group considered its Charter.
  • The credit groups discussed possible goals for 2015.
  • ERCOT staff described a problem with the Capacity Forecast Model v3.
  • The proposal to use a Letter of Credit (LOC) to address the possibility of high losses in the market will be further explored.
  • ERCOT staff also provided additional Credit Updates.

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Report: ERCOT’s Board of Directors (BOD) Meeting 10/14/14
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The ERCOT Board held a two-day meeting in October, with much time devoted to the Nominating Committee. Its 10/14/14 meeting focused on the review of the Independent Market Monitor’s items and improvement projects in the Rio Grande Valley. 

  • The ERCOT Board reviewed a number of revision requests and an Other binding Document.
  • The ERCOT CEO reported on administrative fee collections, the accuracy of the new load forecast methodology; and a planned assessment of the EPA’s proposed greenhouse gas rule.
  • ERCOT is assessing the potential reliability impacts of the Frontera plant’s intentions regarding its output.
  • The ERCOT CEO reported on the recent outages in the Rio Grande Valley.  
  • ERCOT staff are performing an update to the West Texas Sensitivity (WTS) transmission study to examine the impact of growing oil/gas production loads.
  • The Independent Market Monitor (IMM) reported on prices, effects of the Competitive Renewable Energy Zone (CREZ) lines, and the Operating Reserve Demand Curve adder.
  • An AEP representative presented an update on the Lower Rio Grande Valley (LRGV) Transmission Improvements, initiated after the Feb. 2011 cold-weather events. 
  • On 10/13/14, the Board met to review the updated Strategic Plan and to hold an executive session.
  • On 10/14/14, the Board’s Nominating Committee also met, but mostly in an executive session. 

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Report: ERCOT’s Wholesale Market Subcommittee (WMS) Meeting 10/6/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

The October Wholesale Market Subcommittee meeting was held jointly, with the Operations and Reliability Subcommittee, specifically to discuss the new Ancillary Services
Methodology and NPRR642, Constraint Management during Energy Emergency Alerts (EEAs). In addition, WMS addressed several other NPRRs and voting items.

  • On 10/6/14, the Wholesale Market Subcommittee (WMS) held a joint meeting with the Reliability and Operations Subcommittee (ROS), specifically to discuss the 2015 Ancillary Services Methodology and NPRR642, Constraint Management during Energy Emergency Alerts (EEAs).
  • Both items were endorsed, with certain revisions.
  • WMS then held its own meeting, discussing a number Nodal Protocol Revision Requests, including:
    • NPRR645, Real-Time On-Line Capacity Revisions
    • NPRR612, Reduction of Cure Period Subsequent to Event of Default 
    • NPRR648, Remove References to Flowgate
    • NPRR646, Emergency Operations Settlement for Constant Frequency Control (CFC) Testing.
  • WMS approved the 2015 ERCOT Schedule, with one change.
  • Among its voting items, WMS considered the Congestion Revenue Right (CRR) Activity Calendar, and a draft NPRR on Resource Specific Fuel Price. 
  • WMS members did not review the Working Group and Task Force Reports, but ERCOT staff reported on the highest and average adders for the Operating Reserve Demand Curve (ORDC) this summer.

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Report: ERCOT Technical Advisory Committee (TAC) 9/25/14
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The 9/25/14 meeting of the Technical Advisory Committee (TAC) was dominated by the discussions about the Future Ancillary Services (FAS) project and the related cost/benefit analysis. The members also reviewed a number of revision requests and reports on antitrust issues and voltage reduction.

  • The Technical Advisory Committee (TAC) considered several Nodal Protocol Revision Requests (NPRRs).
  • TAC heard an update on antitrust issues in ERCOT.
  • From the WMS update, TAC considered limits on the Letter of Credit (LOC) concentrations.
  • From the Reliability and Operations Subcommittee (ROS) report, TAC considered several Resource Registration Glossary Revision Requests (RRGRR).
  • The TAC members heard an update on the Voltage Reduction Task Force Final Report.
  • The Commercial Operations Subcommittee (COPS) update highlighted a number of ERCOT reports that may be discontinued.
  • The TAC members had a long and difficult discussion on how to proceed with the Future Ancillary Services (FAS) project and the cost/benefit analysis (CBA).
  • ERCOT staff posted their proposal for Real-time (RT) Co-optimization of AS and Energy and Multi-interval RT Market. 
  • ERCOT staff presented an update on the summer contract period for the Emergency Response Service (ERS) for loads, including the weather-sensitive load. 

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Report: ERCOT’s Credit Working Group and Market Credit Working Group (CWG/MCWG) Meeting 9/17/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At the 9/17/14 meeting of ERCOT credit groups, the participants reviewed a number of NPRRs for credit implications, including several addressing credit issues. In addition, ERCOT staff presented alternatives to credit insurance and an analysis of revisions to the Seasonal Adjustment Factor.  The Credit Working Group (CWG) and Market Credit Working Group (MCWG) met on 9/17/14.

  • The credit groups reviewed several NPRRs for credit implications.
  • NPRR612, Reduction of Cure Period Subsequent to Event of Default, was reviewed. 
  • The credit groups reviewed NPRR639, Correction to Minimum Current Exposure (MCE).
  • The credit groups also reviewed NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL).
  • NPRR648, Remove References to Flowgate Rights, will be discussed next month.
  • ERCOT staff made a presentation on alternatives to Credit Insurance
  • ERCOT staff also presented the impact of changes to the Seasonal Adjustment Factor.

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Report: ERCOT Commercial Operations Subcommittee (COPS) Meeting 9/10/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

Much of the 9/10/14 COPS meeting was spen reviewing the draft revision requests that would decommission certain ERCOT reports. The group also received a comprehensive report from the Retail Market Subcommittee, which noted several upcoming workshops and training.  

  • The Commercial Operations Subcommittee (COPS) considered Commercial Operations Market Guide Revision Request and Load Profiling Guide Revision Request.
  • The Retail Market Subcommittee (RMS) Chair reminded participants about several upcoming events.
  • The RMS Chair also discussed a proposal for a joint workshop with COPS on whether to review/revise the IDR-Required Threshold (Interval Data Recorder).
  • ERCOT staff reported that in August, IT systems for Market Operations and the Retail Market met all of the Service Level Agreement (SLA) targets, but not for the Market Data Transparency (as there were missed intervals for 23 reports).
  • ERCOT staff presented a brief overview of the new Market Training Working Group.
  • The Chair of CSWG stated that the group will continue to track settlement impacts of the accelerated timeline.
  • COPS spent most of the meeting reviewing NPRRs that have been drafted by the Market Information System User Group (MISUG) to decommission certain ERCOT reports.
  • ERCOT staff reported on certain schedule changes related to metering.

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Report: ERCOT Retail Market Subcommittee (RMS) Meeting 9/9/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

The September RMS meeting addressed a number of operational issues, discussed scheduled workshops and training, and debated the newly proposed Market Training Working Group. The participants also reviewed various market statistics.

  • The Retail Market Subcommittee (RMS) considered several Retail Market Guide Revision Requests.
  • ERCOT staff reported that in August, IT systems for Market Operations and the Retail Market met all of the Service Level Agreement (SLA) targets, but not for the Market Data Transparency.
  • ERCOT staff presented a brief overview of the new Market Training Working Group.
  • The MarkeTrak Task Force (MTTF) Co-Chair said that a training session has been planned.
  • A Sharyland Utilities (SU) representative reported on the Lessons Learned summary.
  • ERCOT staff reported on the planned EPS (ERCOT-Polled Settlement) Meter Holiday Work Schedule.
  • Between 8/21/14 and 8/26/14, ERCOT successfully completed a mass transition of 639 ESI IDs.
  • ERCOT staff reported that 9/10/14 is the deadline for the Flight 1014 signup.
  • ERCOT staff reported on the Performance Measures for 2Q 2014.
  • A third Advanced Metering Systems (AMS) Data workshop has been planned.
  • RMS discussed a proposal for a joint workshop with the Commercial Operations Subcommittee (COPS).

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Report: ERCOT Wholesale Market Subcommittee (WMS) Meeting 9/3/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At the 9/3/14 meeting of the Wholesale Market Subcommittee, the members discussed potential changes to the 2003 load zones, difficulties with the Loads in SCED (Security Constrained Economic Dispatch) project, and credit concerns. They also reviewed several draft and filed NPRRs.

  • The Wholesale Market Subcommittee (WMS) discussed a number Nodal Protocol Revision Requests.
  • ERCOT staff and WMS members discussed a request to analyze/evaluate the analysis that was done at the time of the Operating Reserve Demand Curve (ORDC) implementation to see how closely it correlates with this summer’s results.
  • The Chair of the Market Credit Working Group (MCWG) reported that the credit groups and ERCOT staff are still working on credit insurance issues.
  • The Chair of the Congestion Management Working Group (CMWG) reported that there was “general support for eliminating the 2003 load zones,” and WMS members provided further guidance on how to proceed on this topic.
  • The Chair of the Demand Side Working Group (DSWG) updated WMS on the progress of the ‘Loads in SCED’ project (Security Constrained Economic Dispatch).
  • The Resource Cost Working Group is still developing a draft NPRR on gas purchases during exceptional events.
  • QMWG plans to file an NPRR related to concerns about settlement of Ancillary Services (AS) assigned to certain units.

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Report: ERCOT Technical Advisory Committee (TAC) 8/28/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At the 8/28//14 TAC meeting, participants discussed TAC’s structural review, the proper role of the Regional Planning Group, and real time Ancillary Services (AS) co-optimization. The members also voted on a number of questions related to the Future AS. The Technical Advisory Committee (TAC) reviewed several Nodal Protocol Revision Requests and Other Binding Documents.

  • The TAC members approved the new 2015 schedule.
  • The TAC Subcommittee Structural Review took place on 8/27/14, and the TAC Chair will report on it to the ERCOT Board in October.
  • The TAC members agreed on combining two task forces and creating a new working group.
  • The TAC members discussed how to proceed with the Future Ancillary Services (FAS) project, including making policy cuts for the cost/benefit analysis (CBA).    
  • ERCOT staff said that a concept paper on ‘Real-Time Co-optimization of AS’ will be released soon, with a purpose of getting market participant (MP) feedback.
  • ERCOT’s general counsel notified TAC that the legal department and a consultant are reviewing anti-trust policies and training. 

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Report: ERCOT’s Credit Working Group and Market Credit Working Group (CWG/MCWG) Meeting 8/20/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At the August meeting of the two ERCOT credit groups, the participants discussed several proposals to protect the market against defaults, reviewed a number of NPRRs, and generally agreed on how to proceed with the Day-Ahead Market Credit Requirements.

  • The Credit Working Group (CWG) and Market Credit Working Group (MCWG) met on 8/20/14.
  • The credit groups reviewed several Nodal Protocol Revision Requests (NPRRs) and approved them as having no credit implications.
  • ERCOT staff reported that, to develop a quote, insurance brokers had asked for deductibles per Counter-party (CP). 
  • The credit groups also briefly discussed a proposal from Austin Energy on funding a Letter of Credit (LOC) that would be drawn upon in times of default. 
  • The credit groups again reviewed NPRR639, Correction to Minimum Current Exposure (MCE) and NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL).
  • The credit groups had a brief discussion about preliminary results of an analysis to evaluate the impact of revisions to the Day-Ahead Market (DAM) Collateral Requirements. 
  • Abolishing the State Change Adder was also discussed.

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Report: ERCOT’s Board of Directors  (BOD) 8/12/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At its 8/12/14 meeting, the ERCOT Board reviewed a long list of NPRRs and Planning Guide Revision Requests, considered results of several analyses by the Independent Market Monitor, and learned that ERCOT’s revisions to its Ancillary Services are attracting attention nationally.

  • The ERCOT Board considered a number of Nodal Protocol Revision Requests (NPRRs) and Planning Guide Revision Requests (PGRRs).
  • The ERCOT CEO reported on the effects of the mild summer and new forecast methodology.
  • The Independent Market Monitor (IMM) reported on issues with coal and the Operating Reserve Demand Curve (ORDC).
  • ERCOT staff provided an update on the Future Ancillary Services Team (FAST) activity, explaining that the change is driven by changing technologies and ERCOT’s desire to take advantage of the new resources’ capabilities.
  • ERCOT staff also provided a comprehensive overview of Demand Response programs in the ERCOT market, highlighting efforts to increase participation.

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Report: ERCOT Wholesale Market Subcommittee (WMS) 8/6/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At its 8/6/14 meeting, the Wholesale Market Subcommittee reviewed several NPRRs, discussed improvements to wind forecasts and the interconnection process, and revised the number of Congestion Revenue Right bids that may be submitted.

  • The Wholesale Market Subcommittee (WMS) members considered revisions to several Nodal Protocol Revision Requests. 
  • ERCOT staff reported that there are no issues with the functioning of the Operating Reserve Demand Curve (ORDC).
  • The Chair of the Market Credit Working Group (MCWG) reported that the credit groups and ERCOT staff are still working on credit insurance issues.  
  • ERCOT staff clarified questions related to the market notice “W-A072914-01 Notice of System Planning Data from Frontera Generation LP on the Switchable Status of Certain Generation Resources.”
  • The WMS members and ERCOT staff discussed revisions to the Interconnection Handbook. 
  • The Chair of the Congestion Management Working Group (CMWG) reported that Oncor made a presentation on outages in April
  • The Resource Cost Working Group is still developing a draft NPRR on gas purchases during exceptional events.
  • The WMS members discussed possible improvements to Wind Forecast/Resource Temperature      Limits. 
  • An Oncor representative  presented the NERC Geo-Magnetic Disturbance (GMD) Standards Update.

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Report: ERCOT Retail Market Subcommittee (RMS) 8/5/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At the 8/5/14 meeting of the Retail Market Subcommittee, the members heard an update on the MarkeTrak implementation, discussed the need to improve ERCOT’s testing environment, and were advised to review the Flight Content and Certification Data.

  • ERCOT staff reported that in July, IT systems for Market Operations, Grid Operations, and Retail Market met all of the Service Level Agreement (SLA) targets, but not for the Market Data Transparency.
  • RMS reviewed Texas SET Working Group Change Control Request – 2014-803: Add a new SAC04 code of “MSC055” for Surcharge Energy Efficiency.
  • RMS considered System Change Request SCR776, Retail Data Transport Upgrade to NAESB EDM v2.2.
  • The MarkeTrak Task Force (MTTF) Co-Chair provided an update on MT Phase 3 Part B.
  • During the 2014 Q3_Project Update, ERCOT staff mentioned the importance of testing.
  • A Sharyland Utilities (SU) representative reported that SU completed the transitioning meter read cycles on 5/30/14; MPs are encouraged to report any problems with the transition.
  • ERCOT staff reported on two workshops (6/27/14 and 8/4/14) on the Advanced Metering Systems (AMS). 
  • ERCOT staff reported on the results of the Retail Demand Response (DR) and Price Response data survey.
  • ERCOT staff reported on the efforts to post REP certification data.

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Report: ERCOT Technical Advisory Committee (TAC) 7/31/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

The longest discussion at the 7/31/14 meeting of the Technical Advisory Committee (TAC) was about the schedule for the approval of the draft Future Ancillary Services proposal and its cost/benefit analysis. The agreed timeline offers opportunities for stakeholder input and another workshop.The Technical Advisory Committee (TAC) considered several Nodal Protocol Revision Requests.

  • From the Reliability and Operations Subcommittee (ROS) update, TAC discussed several NOGRRs and PGRRS.
  • The TAC members discussed how to proceed with the Future Ancillary Services (FAS) project, and agreed on a schedule to manage the proposed changes.
  • During the update from the Commercial Operations Subcommittee (COPS), the TAC members again discussed the process of raising the Seasonal Adjustment Factor (SAF), and how to improve it to mitigate the impact.
  • From the Wholesale Market Subcommittee (WMS) update, its Vice Chair mentioned the 2013 Retail Demand Response Overview – a study conducted to assess the amount of price responsive load on the system.
  • The Chair asked TAC members to review again the 2014 TAC Goals.
  • ERCOT staff presented information on changes to the issuance of Digital Certificates.
  • ERCOT’s General Counsel discussed possible changes to the Alternative Dispute Resolution (ADR) process.
   

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Report: ERCOT’s Credit Working Group and Market Credit Working Group (CWG/MCWG) Meeting 7/23/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At the July meeting of the ERCOT credit groups, the staff reported that they expect a quote on credit insurance within a month. The participants also reviewed two NPRRs on proposed changes to the credit calculations, and had a long discussion about how to evaluate the impact of revisions to the Day-Ahead Market collateral requirements.The Credit Working Group (CWG) and Market Credit Working Group (MCWG) met on 7/23/14.

  • The credit groups reviewed a number of Nodal Protocol Revision Requests (NPRRs) for credit implications.
  • The credit groups discussed how to change/improve the Seasonal Adjustment Factor (SAF) development and notification process, particularly to eliminate the element of surprise.
  • The ERCOT staff reported that they prepared a packet of information about the ERCOT market and sent it to the insurance brokers.  They expect a preliminary quote within a month.
  • The credit groups reviewed NPRR639, Correction to Minimum Current Exposure (MCE) and NPRR638, Revisions to Certain Price Components of Estimated Aggregate Liability (EAL).
  • The credit groups had a long discussion about the type of data/analyses needed to evaluate the impact of revisions to the Day-Ahead Market (DAM) Collateral Requirements. 

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Report: ERCOT Commercial Operations Subcommittee (COP) Meeting 7/16/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

The main discussion at the 7/16/14 meeting of the Commercial Operations Subcommittee (COPS) centered on why the increase in the Seasonal Adjustment Factor (SAF) was not proposed sooner, as implementing it in the middle of the summer had a “huge” impact on the entire market.

  • The Commercial Operations Subcommittee (COPS) reviewed Nodal Protocol Revision Requests (NPRRs)      632 and 628 for the 7/17/14 meeting of the Protocol Revision Subcommittee.
  • ERCOT staff provided an update on the increase in the Seasonal      Adjustment Factor.
  • The Retail Market Subcommittee (RMS) Chair reminded participants about the implementation of System Change Request SCR756, Enhancements to the MarkeTrak Application – Phase III Part B.
    • ERCOT staff reported that in June, IT systems for Market Operations, Market Data Transparency, Grid Operations, and Retail Market met all of the Service Level Agreement (SLA) targets.
    • ERCOT staff reported on the implementation of Phase II of NPRR570, Reduce Real-Time Market (RTM) Settlement Timeline to Operating Day plus Five.
    • The Chair of CSWG stated that the group will continue to track settlement impacts of the accelerated timeline.
    • In reviewing Nodal Operating Guide Revision Request NOGRR084, Daily Grid Operations Summary Report, ERCOT Operations identified additional information that would be helpful to include in the report.
    • ERCOT staff reported that SCR772, New Extract for Five Minute Interval Settlement Data, is currently on hold.

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Report: ERCOT Wholesale Market  Subcommittee (WMS) Meeting 7/9/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At the 7/9/14 meeting, the Wholesale Market Subcommittee considered five NPRRs, endorsed revisions to the methodology for calculating wind capacity, and discussed at
length settlement process for Ancillary Services. The participants also reviewed results of a survey on the retail Demand Response programs.The Wholesale Market Subcommittee (WMS) created a Reliability Unit Commitment (RUC) Task Force.

  • WMS considered several Nodal Protocol Revision Requests.
  • ERCOT staff reported that there have been no issues with the implementation of the ORDC, and only a few intervals with a smaller adder.
  • The Chair of the Market Credit Working Group (MCWG) reported on the changes to the Seasonal Adjustment Factor (SAF).
  • From the QSE Managers’ Working Group (QMWG) update, WMS discussed improvements to various wholesale processes, including settlement.
  • In the Demand Side Working Group update, ERCOT staff reported on the results of the Retail Demand Response and Price Response data survey.
  • ERCOT staff used a new methodology to calculate wind capacity; numbers for both coastal and non-coastal wind are higher than the current value.

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Report: ERCOT’s Technical Advisory Committee (TAC) Meeting 6/26/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

While not long, the 6/26/14 Technical Advisory Committee meeting was certainly an eventful one. In addition to considering a number of revision requests, TAC agreed on a schedule to finalize the Future Ancillary Services proposals and extensively debated raising the Seasonal Adjustment Factor (with implications for many market participants).  The Technical Advisory Committee (TAC) considered several Nodal Protocol Revision Requests (NPRRs).

  • TAC considered Nodal Operating Guide Revision Request NOGRR129, Implement Operational Preparedness for Geomagnetic Disturbances.
  • TAC considered Retail Market Guide Revision Request RMGRR122, Synchronization with NPRR608, Alignment of Transaction Timing to the PUCT Performance Measures.
  • The Chair of the Wholesale Market Subcommittee noted the creation of a Reliability Unit Commitment (RUC) Task Force.
  • ERCOT staff provided an update on the Future Ancillary Service Team (FAST), and TAC agreed on a schedule to manage the proposed changes, including providing comments.
  • TAC considered ERCOT Business Practice – Nodal Manual Deployment and Recall of Responsive Reserve Service (RRS) during Scarcity Conditions (Release of High Ancillary Service Limit (HASL)).
  • The TAC members discussed raising the Seasonal Adjustment Factor, based on the staff’s proposal.
  • The TAC Chair said that the TAC Annual Structural and Procedural Review will take place later this summer.

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Report: ERCOT’s Credit Working Group and Market Credit Working Group 6/18/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At their 6/18/14 meeting, the ERCOT credit groups again discussed raising collateral requirements, given the increased likelihood of higher prices this summer. The groups also reviewed the results of additional stress testing and started the process of revising the Day-Ahead Market collateral requirements.The Credit Working Group (CWG) and Market Credit Working Group (MCWG) met on 6/18/14.

  • The credit groups reviewed a number of Nodal Protocol Revision Requests (NPRRs) for credit implications.
  • ERCOT staff presented their proposal to raise the Seasonal Adjustment Factor, although some participants objected that the levels for this summer are too high.
  • The SAF proposal will go next to the Technical Advisory Committee (TAC).
  • The SAF proposal does not have to be approved by the ERCOT Board. 
  • The credit groups’ members reviewed revisions to the look-back period in a draft NPRR. 
  • The Chair of CWG reported that the F&A got an update on the efforts to develop a proposal for credit (i.e., default) insurance. 
  • ERCOT staff presented the results of additional Exposure Stress Testing, showing the potential settlement implications of uncovered exposure in scenarios with higher prices. 
  • A Calpine representative presented a refresher on the Day-Ahead Market (DAM) Collateral Requirements. 
  • ERCOT staff sought guidance on changes to the State Change Adder, but the item was deferred.  

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Report: ERCOT’s Board of Directors (BOD) Meeting 6/10/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

In June, the ERCOT Board discussed a need for better transmission planning, heard an update on the expected weather patterns, including the persistent drought, and noted higher energy prices in winter and spring.  The ERCOT Board considered a number of Nodal Protocol Revision Requests (NPRRs).

  • ERCOT’s meteorologist presented information on the expected weather patterns this year.
  • The Independent Market Monitor (IMM) reported that prices have been higher this spring.
  • By far the longest discussion at the meeting was on the staff’s recommendation to reject Planning Guide Revision Request PGRR031, Implement 95% Facility Rating Limit in the Planning Criteria.
  • The Board considered Leander-Round Rock Regional Planning Group Project.
  • The Board considered Non-Opt-In Entity (NOIE) Load Zone Changes.
  • The Board considered Day-Ahead Market (DAM) Credit Parameters for 2014.
  • ERCOT legal staff provided updates on the Special Meeting of Corporate Members and 2014 Annual Membership Meeting Planning.
  • The Board considered Proposed Changes to the Benefits Committee Membership and Chart.
  • The 2015 ERCOT Board Meeting and Annual Meeting Schedule will be further considered in August.

 

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Report: ERCOT’s Wholesale Market Subcommittee (WMS) Meeting 6/4/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

Two of the most talked about questions at the June meeting of the Wholesale Market Subcommittee (WMS) involved renewable power, including the amount of solar power on the ERCOT system and how to calculate the Effective Load Carrying Capability (ELCC) of wind. The WMS also set up a new task force and agreed on the next steps for the development of the Capacity, Demand, and Reserves (CDR) report.  At the Wholesale Market Subcommittee (WMS) meeting, ERCOT staff reported on the FERC/NAESB efforts to change the timing of the “gas nominations day.”

  • ERCOT staff reported on the implementation of NPRR491.
  • The Vice Chair of WMS informed members about a possible compromise on the PUCT directive to address price reversals and the impact on the Operating Reserve Demand Curve (ORDC) of certain deployments.
  • The Chair of the Market Credit Working Group (MCWG) reported that the two credit groups heard from insurance brokers.  
  • From the report of the Emerging Technologies Working Group (ETWG), WMS discussed NPRR615, PhotoVoltaic Generation Resource (PVGR) Forecasting. 
  • WMS spent a long time discussing the Generation Adequacy Task Force (GATF) update, including revisions to the Capacity, Demand, and Reserves (CDR) methodology and what number to use for the Effective Load Carrying Capability (ELCC) of wind.  
  • The WMS members reviewed NPRR611, Modifications to CDR Wind Capacity Value.
  • From the report of the Resource Cost Working Group (RCWG), WMS discussed three options for a possible recommendation for the Real-Time Mitigation during Exceptional Fuel Cost Events. 
  • The Chair of the Demand Side Working Group (DSWG) reported on the work of the Loads in SCED sub-group.

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Report: ERCOT’s Retail Market Subcommittee (RMS) Meeting 6/3/14
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At the June meeting, members of the Retail Market Subcommittee (RMS) discussed at least three upcoming workshops and training on the MarkeTrak upgrade. They also got an update on the new schedule and requirements for the Retail Demand Response data collection programThe Retail Market Subcommittee (RMS) voted on several items.

  • ERCOT staff reported  on the IT systems Service Level Agreement (SLA) targets performance in May. 
  • Some SMT decisions had to be deferred because of poor attendance in May at the working group.
  • The TX SET Working Group reviewed and revised proposed language on the Continuous Service Agreement (CSA) bypass.
  • The RMS members discussed how to proceed with SCR776, Retail Data Transport Upgrade to NAESB EDM v2.2.
  • Training has been scheduled for MarkeTrak Phase 3 implementation.
  • ERCOT staff reported on the Inadvertent Gains numbers for. 
  • ERCOT staff reported on a recent decision with regard to the possible upload of retail testing information to a public web. 
  • A Sharyland Utilities (SU) representative reported on the level of completion of the transitioning meter read cycles.
  • ERCOT staff presented information on the 867_03_Data Loading.
  • ERCOT staff presented information on the Retail Demand Response data collection.

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Report: ERCOT’s Technical Advisory Committee (TAC) Meeting 5/29/14
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The Technical Advisory Committee (TAC) held two meetings on 5/29/14. The 5/29/14 meeting of the Technical Advisory Committee (TAC) saw a conclusion to the much debated problem of price reversals and the Operating Reserve Demand Curve when members. agreed on a compromise. The participants also reviewed a number of revision requests, although not all got approved.

  • In a workshop, TAC considered a compromise proposal for addressing the PUCT directive on price reversals and the Operating Reserve Demand Curve (ORDC).
  • The decision on the compromise proposal was made at the regular TAC meeting.
  • TAC also considered several NPRRs, but did not approve all of them.
  • From the ERCOT staff updates, TAC was notified about:
    • A recommendation to the ERCOT Board on Planning Guide Revision Request PGRR031, Implement 95% Facility Rating Limit in the Planning Criteria
    • Leander-Round Rock Regional Planning Group (RPG) Project
    • NPRR568, Real-Time Reserve Price Adder Based on ORDC
    • Loss of Load Probability (LOLP) Update and Posting Calendar
    • Corrections to the Assignments of Loads to Non-Opt-In Entity (NOIE) and Competitive Load Zones in the Network Operations Model.
  • TAC considered revisions to the ERCOT Board’s policies and procedures, mainly dealing with how to handle appeals under several scenarios.
  • From the report of the Wholesale Market Subcommittee (WMS), TAC reviewed revisions/corrections to the Other Binding Document, Requirements for Aggregate Load Resource Participation in the ERCOT Markets.  
  • ERCOT staff provided an update on the work of the Future Ancillary Service Team (FAST). 

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Report: ERCOT’s Credit Working Group and Market Credit Working Group Meeting 5/22/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

In their May meeting, the two ERCOT credit groups reviewed a number of revision requests, took another step towards formulating a credit/default insurance proposal, and looked at the preliminary results of the credit exposure stress testing.The Credit Working Group (CWG) and Market Credit Working Group (MCWG) met on 5/22/14.

  • The credit groups reviewed a number of Nodal Protocol Revision Requests (NPRRs) for credit implications.
  • The participants discussed possible credit (i.e., default) insurance, as a way to remedy insufficient collateral in the current situation of higher prices and market volatility. 
  • The review of RTLE (Real Time Liability Extrapolated) and URTA(Un-billed Real-Time Amount) for look-back period values was not discussed extensively, as the accompanying NPRR on seasonality has yet to be filed. 
  • ERCOT staff presented the results of exposure stress testing, essentially showing the potential settlement implications of uncovered exposure. 
  • ERCOT staff presented information on the Seasonal Adjustment Factor (SAF).
  • The participants agreed to discuss a proposal for re-writing the Day-Ahead Market (DAM) credit requirements.

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Report: ERCOT’s Commercial Operations Subcommittee (COPS) Meeting 5/14/14
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At its May meeting, the Commercial Operations Subcommittee (COPS) reviewed NPRRs and a possible change to the error code processing for certain data, and heard updates on the implementation of several projects and proposed revisions to some market reports.

  • The Commercial Operations Subcommittee (COPS) reviewed a Nodal Protocol Revision Request on Market Notices for Resettlement Statements and True-up Settlement Timeline Changes.
  • The Retail Market Subcommittee (RMS) Chair reported on a number of issues:
    • New Retail Market Guide Revision Requests
    • Sharyland’s transition to competition
    • A Disaster Recovery Workshop on 4/6/14
    • A workshop on Advanced Metering System (AMS)
    • A market default.
  • ERCOT staff made a report on IT systems in April. 
  • ERCOT staff presented information on 867_03 Data Loading Timing Error Code Processing.
  • ERCOT staff provided an update on the implementation of several projects.
  • The Market Information System User Group (MISUG) made several changes to some of the markets reports and is asking for market input.
  • The Profiling Working Group (PWG) reviewed the Load Profile ID assignment process (an annual requirement).

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Report: ERCOT’s Wholesale Market Subcommittee (WMS) Meeting 5/7/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At its May meeting, the Wholesale Market Subcommittee discussed several issues with a potential impact on the ERCOT grid, considered several NPRRs and an Other Binding Document, and evaluated the possibility of consensus on the proposals of the Resource Adequacy Task Force.  ERCOT staff said they are monitoring the impact of the recent court decision on the Cross State Air Pollution Rule (CSAPR), drought in Texas, and coal deliveries.

  • ERCOT staff presented the proposed Requirements for Aggregate Load Resources (ALRs) Participation in the ERCOT Market.
  • The Market Credit Working Group (MCWG) is considering credit insurance as one way to protect the market from defaults.  
  • ERCOT staff presented proposed revisions to the Locational Marginal Pricing (LMP) Dashboard.
  • ERCOT staff analyzed the impact of NPRR591 and NPRR598 on the 1/6/14 System Lambda and Peaker Net Margin (PNM).
  • WMS considered several items from the reports of the Generation Adequacy Task Force and QSE Managers’ Working Group.
  • WMS discussed the work of the Resource Adequacy Task Force, which has posted a draft NPRR on some issues under consideration.
  • An NRG representative suggested that a better method be developed for keeping track of all solar installations in ERCOT, since they are expected to increase significantly.
  • The Verifiable Cost Working Group discussed options for capturing (for settlement purposes) occasional instances of higher prices for necessary mid-day natural gas purchases.

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Report: ERCOT’s Retail Market Subcommittee (RMS) Meeting 5/6/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At its May meeting, the Retail Market Subcommittee received a report on the work of the Smart Meter Texas, discussed possible release of certain REP data, and got a reminder on the need to update Electricity Fact Labels.

  • The Retail Market Subcommittee (RMS) voted on several new items.
  • The staff’s IT availability report reflected March unplanned outages.   
  • A new development was reported on RMGRR111, Process Updates for the Request of Historical Usage Data via SMT Web Portal.  
  • A representative from the Smart Meter Texas (SMT) provided an update on approved and future Change Requests (CRs).
  • The TX SET Working Group reviewed and revised proposed language on the Continuous Service Agreement (CSA) bypass.
  • The Texas Data Transport Working Group (TDTWG) reported that the group extensively reviewed two major unplanned March outages.
  • New training has been scheduled for MPs.
  • ERCOT staff reported on the Inadvertent Gains and CSA numbers.  
  • ERCOT staff discussed a possible release of certain information, but asked MPs to review it first.  They also proposed to eliminate some error codes.
  • Sharyland Utilities presented an update on its transition to competition.

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Report: ERCOT’s Technical Advisory Committee (TAC) Meeting 4/24/14
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On 4/24/14, the Technical Advisory Committee considered a number of revision requests, discussed the lack of consensus on issues referred to it by the PUCT, and received updates on several ERCOT staff proposals. The members also noted at least two new workshops on retail and wholesale topics.The Technical Advisory Committee (TAC) approved several Nodal Protocol Revision Requests (NPRRs) and noted one withdrawal.

  • ERCOT staff presented the concept of configurable parameters, including Load Resource Discount Factor (LRDF) 1 and LRDF2.
  • TAC considered several items from the report of the Wholesale Market Subcommittee (WMS).
  • The Chair of the Resource Adequacy Task Force (RATF) presented a report on the group’s work to address several issues raised by the PUCT, but noted that consensus is difficult and further discussions may be necessary.
  • From the update of the Reliability and Operations Subcommittee (ROS), TAC considered several revision requests.
  • The Chair of the Retail Market Subcommittee reminded all about ongoing efforts to address the March outage of retail systems.
  • ERCOT staff provided updates on:
    • The work of the Future AS Team (FAST)
    • The implementation of NPRR568/Operating Reserve Demand Curve (ORDC)
    • A proposal for the “Changes to Nodal Non-Spinning Reserve Service Deployment Procedures High AS Limit (HASL) Release,” and
    • A new proposal for the “Wind Effective Load Carrying Capability (ELCC).”

 

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Report: ERCOT Retail Demand Response Workshop
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On 4/9/14, ERCOT held a workshop on the collection of retail Demand Response program data from the Retail Electric Providers. The DR Workshop report provides an overview of the discussions, enumerates requirements for this summer and fall, and lists future issues for REPs to consider. To read more, please subscribe to ERCOT Monitor Reports. If you are interested in purchasing this ERCOT Monitor Reports issue, please click here. If you are interested in subscribing ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

Report: ERCOT’s Wholesale Market Subcommittee (WMS) Meeting 4/9/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At its 4/9/14 meeting, the Wholesale Market Subcommittee (WMS) discussed the possibility of asking the PUCT to raise the offer cap to $9,000kWh this year, instead of on 6/1/15. The subcommittee also reviewed a number of NPRRs and changes to the Congestion Revenue Right (CRR) Activity Calendar.

  • The Wholesale Market Subcommittee (WMS) discussed various items, as posted by ERCOT staff.
  • WMS devoted much time to NPRR605, Ancillary Service Make-Whole Payments under a Watch, before making a decision. 
  • WMS discussed the Day-Ahead Market (DAM) collateral parameters.
  • An announcement was made on the Estimated Aggregate Liability (EAL) calculation.
  • WMS discussed SMOGRR014, Communications Regarding ERCOT-polled Settlement (EPS) Meter Repairs, and Related Notice Deadlines and Clarifications.
  • WMS discussed a new NPRR from the Emerging Technologies Working Group.
  • WMS discussed how to memorialize a change to the CRR Activity Calendar.
  • WMS discussed a draft Verifiable Cost Manual Revision Request.
  • WMS left several NPRRs pending for further work.

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Report: ERCOT’s Board of Directors (BOD) Meeting 4/8/14
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At its April meeting, the ERCOT Board skirted controversy with the consideration of NPRR533 and the Houston Import Project, but in the end both were approved without too much discussion. The Board also reviewed a number of NPRRs and heard a report from the Independent Market Monitor on higher prices this winter.

  • The ERCOT Board Chair announced that, because of corporate changes and retirements, there may be a couple of new Board members in the near future.
  • The Board approved on consent a number of Nodal Protocol Revision Requests (NPRRs), System Change Request (SCR), and other items.
  • The ERCOT CEO reported on the budget, weather variability/demand, and load forecast.
  • A recommendation on Planning Guide Revision Request PGRR031, Implement 95% Facility Rating Limit in the Planning Criteria, may be provided later.
  • The Board considered additional NPRRs, as discussion items.
  • The Independent Market Monitor (IMM) presented a report, noting a difference in winter prices and levels of congestion.
  • ERCOT staff presented information on the proposed Houston Import Project (HIP), explaining that they found a reliability need by 2018 under different scenarios. 
  • ERCOT staff presented a revision to the ERS Procurement Methodology. 
  • The Board also considered additional items from its two Committees.

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ERCOT’s Retail Market Subcommittee (RMS) Meeting 4/1/14
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The Retail Market Subcommittee (RMS) discussed a recent outage of retail systems at ERCOT and agreed on the next steps. The subcommittee also reviewed several revision requests and change control requests.

  • The Retail Market Subcommittee (RMS) voted on several items, including Retail Market Guide Revision Requests (RMGRRs), RMS goals, and Change Control Requests.
  • A CNP representative reported on the increasing smart-meter installations.
  • ERCOT staff reported that in March, IT systems for Market Operations, Market Data Transparency, and Grid Operations met all of the Service Level Agreement (SLA) targets.  There was, however, a lengthy unplanned outage.
  • The RMS members and ERCOT stuff discussed the 3/11/14 outage and agreed on the next steps.
  • ERCOT staff provided an update on the recent Flight Test.
  • ERCOT staff filed the March Inadvertent Gains (IAG) numbers.
  • The CNP REP workshop has been scheduled.
  • ERCOT staff filed numbers on the Bypass Continuous Service Agreement (CSA) on Move-Outs.
  • ERCOT staff noted that a Retail Demand Response workshop has been scheduled.

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ERCOT’s Technical Advisory Committee (TAC) Meeting 3/27/14
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At their 3/27/14 meeting, the TAC members tackled no fewer than three controversial topics, including NPRR576, related to Non-Spin Service; Houston Import Project; and the Resource Adequacy Task Force (RATF) report. The RATF discussion led to about nine proposed motions, with four being voted on.

  • The Technical Advisory Committee (TAC) approved several Nodal Protocol Revision Requests (NPRRs) and one withdrawal.
  • ERCOT staff made a presentation on the development of new cybersecurity standards (i.e., Critical Infrastructure Protection (CIP)), and urged market participants (MPs) to get involved.
  • A large part of the meeting was devoted to the discussion of the Houston Import Project, proposed by ERCOT staff, but opposed by some market participants.
  • Both the Chair of the Retail Market Subcommittee (RMS) and ERCOT staff mentioned the 3/11/14 outage of the retail systems, which was quite long.  The staff asked MPs to contact them with any input, as they conduct further evaluation.
  • The TAC members approved a change to the settlement timeline.
  • The TAC members considered the following changes:
    • A change to the procurement methodology for ERS;
    • Revisions to certain Credit Formulas;
    • Proposed Bylaws Amendment on Board Member Eligibility; and
    • A change to the Power Balance Penalty Curve.
  • TAC also had a long discussion about the Resource Adequacy Task Force (RATF) report and its proposed decision matrix. 
  • ERCOT staff made presentations on a couple of pilots and updates on several projects.

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Report: ERCOT’s Credit Working Group and Market Credit Working Group (CWG/MCWG) Meeting 3/19/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

The main topic of discussion at the recent credit groups’ meeting was whether to set up an insurance fund to protect against defaults. At issue was also whether to hire a consultant and have that decision go through the stakeholder process or take it straight to the ERCOT Board’s Finance & Audit Committee.The Credit Working Group (CWG) and Market Credit Working Group (MCWG) met on 3/19/14.

  • ERCOT staff presented several items, including an analysis of a possible correlation between the load and prices.
  • ERCOT staff discussed setting up an insurance fund, as a way to protect the market from a possible default.
  • The participants discussed whether the decision to hire a consultant on the matter of the insurance fund ought to be presented to the stakeholders before being taken to the ERCOT Board’s Finance and Audit Committee.
  • ERCOT staff reviewed a draft Seasonality NPRR, which contains a seasonal and settlement-point-based exposure calculation methodology for DAM and RTM. 
  • The credit groups considered the current methodology for the setting of the Day-Ahead Market (DAM) parameters.
  • The participants discussed whether to create a “time-out” for entities that try to re-enter the ERCOT market after a default (when no money is owed).

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ERCOT’s Commercial Operations Subcommittee (COPS) Meeting 3/17/14
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In an all-day meeting, the members of the Commercial Operations Subcommittee (COPS) and Communications and Settlement Working Group (CSWG) discussed the recent outage of the retail systems, reviewed several NPRRs (both  filed and drafts), and got an update on the planned ORDC training.

  • The Commercial Operations Subcommittee (COPS) reviewed a Nodal Protocol Revision Request and Settlement Metering Operating Guides Revision Request.
  • COPS discussed Phase 2, Implementation of NPRR570, Reduce Real-Time Market (RTM) Settlement Timeline to Operating Day plus Five.
  • ERCOT staff reported that in February, IT systems for Market Operations, Market Data Transparency, Retail Market, and Grid Operations met all of the Service Level Agreement (SLA) targets.  On 3/11/14, however, there was a major outage of retail systems.
  • The Retail Market Subcommittee (RMS) Chair reported that an NPRR on Continuous Service Agreement will be withdrawn. 
  • System Change Request SCR776 remains tabled at the Protocol Revision Subcommittee (PRS), although it will be taken up on 3/18/14.
  • The RMS Chair reported that at the end of February, about 6.69 million smart-meters have been installed.
  • The RMS Chair also reported on the shortening of the timeline in the mass transition process. 
  • ERCOT staff said that they’ve finalized training days for the Operating Reserve Demand Curve (ORDC) process.  Training will be held in Austin, Houston, and Dallas.

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Report: ERCOT’s Wholesale Market Subcommittee (WMS) Meeting 3/5/14
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In a meeting loaded with major topics, the Wholesale Market Subcommittee considered a number of NPRRs, changes to the Power Balance Penalty Curve, and credit requirement revisions. In addition, participants discussed upcoming workshops and potential resource adequacy solutions.

  • The Wholesale Market Subcommittee (WMS) considered a number of Nodal Protocol Revision Requests (NPRRs), some of which were referred to working groups, while others were endorsed, withdrawn, or tabled.
  • The Emerging Technologies Working Group (ETWG) developed an NPRR on Photo-Voltaic (PV) Generation, and may hold a workshop on PV forecasting.
  • WMS considered a revised Power Balance Penalty Curve (PBPC).     
  • ERCOT staff are developing new Protocol language for Flow Gate Rights.
  • ERCOT staff presented information on revisions to certain credit formulas.
  • WMS members discussed possible testing for the implementation of NPRR568, Real-Time Reserve Price Adder Based on ORDC, but ERCOT staff said they cannot do testing.
  • The Resource Adequacy Task Force (RATF) met to discuss price reversals and ERS, load resources deployments, and RUC deployments. 
  • The Market Credit Working Group (MCWG) is considering a number of NPRRs that would revise credit standards.
  • The Demand Side Working Group is developing a new NPRR on Emergency Response Service (ERS).
  • The Congestion Management Working Group is addressing the interaction of Transmission Constraints and Power Balance Shadow Price Cap. 

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Report: ERCOT’s Retail Market Subcommittee (RMS) Meeting 3/4/14
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At the 3/4/14 meeting of the Retail Market Subcommittee, the participants reviewed several revision requests, discussed a shorter mass transition timeline, and heard an update on the Loads in SCED project.

  • The Retail Market Subcommittee (RMS) considered several Retail Market Guide Revision Requests and an NPRR withdrawal.
  • A CNP representative reported on the additional smart-meter installations.
  • ERCOT staff reported no problems for the IT systems in February.
    • RMS discussed a planned REP workshop.
    • RMS discussed a load zone change, related to Sharyland Utilities transition.
    • ERCOT staff reported that NPRR568, Real-Time Reserve Price Adder Based on ORDC, is proceeding as scheduled.
    • ERCOT staff provided an update on the Loads in SCED (Security Constrained Economic Dispatch) project.
    • New language may be drafted on speeding up the timeline for mass transitions.

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Report: ERCOT’s Technical Advisory Committee (TAC) Meeting 2/27/14
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The 2/27/14 meeting of the Technical Advisory Committee featured a long discussion on NPRR533, Pre-assigned CRR (PCRR) Eligibility Requirements, in which two sets of NOIEs took opposing views. Another important discussion was on how to solve the questions around price suppression and deployment of load resources.

  • The Technical Advisory Committee (TAC) considered several Nodal Protocol Revision Requests (NPRRs), a System Change Request (SCR), and a Nodal Operating Guide Revision Request (NOGRR).
  • TAC members heard presentations on NPRR533, Pre-assigned CRR (PCRR) Eligibility Requirements, and voted on its approval with two sets of comments.  
  • ERCOT staff reported that NPRR568, Real-Time Reserve Price Adder Based on ORDC, is proceeding as scheduled. 
  • ERCOT staff presented information about the development of a Project Priority List (PPL).  The same information was given to the ERCOT Board’s Finance and Audit Committee and Protocol Revision Subcommittee (PRS), with the goal of “helping the Board and stakeholders understand the process of market rules.”
  • The TAC Chair set up a group to address questions around price suppression, ERS, Reliability Unit Commitment (RUC), and load resources.
  • TAC members discussed consideration of the Houston Import Project.

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ERCOT’s Commercial Operations Subcommittee (COPS) Meeting 2/12/14
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The ERCOT Commercial Operations Subcommittee (COPS) met on 2/12/14 and, among other actions, elected leadership for 2014, heard a report on IT system targets, discussed the possibility of training PUCT staff, and heard reports on shortened settlement timelines. The Commercial Operations Subcommittee (COPS) elected its leadership for 2014.

  • ERCOT staff reported on IT systems for Market Operations, Market Data Transparency, Retail Market, and Grid Operations, and their performance for January Service Level Agreement (SLA) targets.
  • ERCOT staff provided an update on the shortened-settlement timeline.
  • Staff reported on NPRRs related to settlement timelines that will be considered soon by PRS.
  • The Communications and Settlement Working Group (CSWG) has analyzed the shortened-timeline process and reported on this to COPS.

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ERCOT’s Board of Directors (BOD) Meeting 2/11/14
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At its first meeting this year, the ERCOT Board considered a long list of NPRRs, SCRs, and PGRRs. Just as in other groups, Planning Guide Revision Request 031 elicited a long discussion and several votes. The Board heard updates on load-forecasting methodology, CRR account improvements, market prices, and the events of 1/6-7/14.

  • The ERCOT Board re-elected its leadership for 2014.
  • The Board considered a number of Nodal Protocol Revision Requests (NPRRs), System Change Requests (SCRs), and Planning Guide Revision Requests (PGRRs).
  • Among other items, the ERCOT CEO reported on a comparison of the load forecast to actual energy consumption in 2013, how ERCOT’s retail market compares to others in the U.S., and improvements in ERCOT’s performance, as a result of the nodal market implementation.
  • The CEO also discussed recent events, when a couple of large units tripped unexpectedly, and the staff’s efforts to get better information on generating units’ weatherization practices and derates.
  • ERCOT staff presented updates on: (a) CRR Modeling; and (b) revisions to the Load Forecasting Methodology. 
  • The Independent Market Monitor (IMM) presented his report on prices in the market.

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ERCOT’s Wholesale Market Subcommittee Meeting 2/5/14
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The Wholesale Market Subcommittee discussed at length the Operating Reserve Demand Curve and Physical Responsive Capability on 1/6/14, scheduling a follow-up meeting on 2/10/14. The group endorsed several revision requests, while deferring certain items.

  • The Wholesale Market Subcommittee (WMS) continued a discussion about the events of 1/6/14, including the disparity between the Operating Reserve Demand Curve (ORDC) and Physical Responsive Capability (PRC). 
  • QMWG will meet on 2/10/14, to discuss ORDC issues that could have resolutions implemented by 6/1/14. 
  • WMS discussed revisions to the Power Balance Penalty Curve (PBPC), reflecting rising offer caps, but the proposal was tabled for one month.    
  • WMS approved the 2014 working groups’ leadership.
  • WMS considered the following Nodal Protocol Revision Requests (NPRRs):
    • NPRR582, Refinements to Testing Emergency Response Service (ERS) NPRR588, Clarifications for Photo-voltaic (PV) Generation Resources
    • NPRR592, Clarification of Meter Repair Timelines for Real-Time Market (RTM) Settlements.
  • WMS approved a revision to M2 parameters, as related to      NPRR570 (on shortened settlement timeline).
  • ERCOT staff provided an update on the load-forecasting      methodology and Capacity, Demand, and Reserves (CDR) report, noting that a      second report by Itron is expected in mid-February.

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ERCOT’s Retail Market Subcommittee Meeting 2/4/14
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In February, the Retail Market Subcommittee heard an update on the shortening of a mass transition process and discussed a work-around for the Continuous Service Agreement issues.  Two upcoming REP workshops were noted – for Sharyland and CNP – and the members also raised the possibility of providing retail market training for the PUCT staff.  The Retail Market Subcommittee (RMS) considered Retail Market Guide Revision Request RMGRR120, Sharyland Updates.

  • A CNP representative reported on the number of smart meters installed.
  • ERCOT staff reported on the January IT systems for Market Operations, Market Data Transparency, and Grid Operations.
  • The Texas Data Transport Working Group (TDTWG) will continue to discuss the Impact Analysis for System Change Request SCR776, Retail Data Transport Upgrade to NAESB EDM v2.2 (Electronic Delivery Mechanism). 
  • RMS discussed solution to Nodal Protocol Revision Request NPRR583, Validate that CSA Bypass Code in a Move-Out Request Is from Current CSA Competitive Retailer (CR) of Record. 
  • RMGRR111, Process Updates for the Request of Historical Usage Data via SMT Web Portal, remains tabled.
  • RMS discussed workshops for CNP and Sharyland.
  • The RMS leadership is considering organizing a training seminar for the PUCT staff.

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ERCOT’s Technical Advisory Committee Meeting 1/28/14
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At the January meeting of the Technical Advisory Committee, the members considered many new revision requests, and received updates on the latest developments in load forecasting and several events related to the 1/6/14 cold snap.  They also revisited a planning guide revision request from December and were notified of upcoming changes to the credit requirements.

  • The Technical Advisory Committee (TAC) elected the Chair and the Vice Chair, for 2014.
  • TAC considered a number of new Nodal Protocol Revision Requests (NPRRs) and System Change Requests (SCRs).
  • The TAC members re-visited Planning Guide Revision Request PGRR031, Implement 95% Facility Rating Limit in the Planning Criteria.
  • TAC reviewed discussions from the 1/27/14 workshop on the Updated Load Forecast Methodology for the Capacity, Demand, and Reserves (CDR) Report. 
  • ERCOT staff presented detailed information about the 1/6/14 Energy Emergency Alert (EEA) event. 
  • TAC considered several previously tabled items.
  • From the Reliability and Operations Subcommittee (ROS) update, TAC considered several NOGRRs.
  • From the report of the Retail Market Subcommittee (RMS), TAC considered three Retail Market Guide Revision Requests.
  • From the report of the Wholesale Market Subcommittee (WMS), TAC considered a new Verifiable Cost Manual Revision Request. 
  • ERCOT staff presented the 2013 Annual TAC Review of the Market Impacts of Reliability Unit Commitments (RUCs) v5.
  • An update was received on NPRR568 ORDC (NPRR568, Real-Time Reserve Price Adder Based on Operating Reserve Demand Curve (ORDC)).

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ERCOT’s Credit Working Group and Market Credit Working Group Joint Meeting 1/22/14
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The Credit Working Group (CWG) and Market Credit Working Group (MCWG) held a joint meeting on 1/22/14 to elect new leadership and consider several Nodal Protocol Revision Requests (NPRRs) for credit implications. ERCOT staff presented several draft NPRRs, dealing with revisions to credit criteria and standards, some of which are related to the shortened settlement timeline.. 

  • The credit groups considered the following Nodal Protocol Revision Requests (NPRRs):
    • NPRR503, Removal of Language Related to NPRR219
    • NPRR556, Resource Adequacy during Transmission Equipment Outage
    • NPRR581, Add Fast Responding Regulation Service as a Subset of Regulation Service
    • NPRR583, Validate That Continuous System Agreement (CSA) Bypass Code in a Move-Out Request is From Current CSA Competitive Retailer (CR) of Record
    • NPRR584, Alignment with Technical Advisory Committee (TAC) Procedures to Shorten the Appeals Timeline
    • NPRR586, Align Credit Lock for Congestion Revenue Right (CRR) Auctions with Transaction Submission Deadline
    • NPRR591, As-Built Clarification and Corrections Related to NPRR568 and NPRR555.
  • ERCOT staff presented several new proposals for changes to the credit criteria/calculations:The credit groups discussed the correlation between load and prices (Load to Price Correlation v1).
    • Review of revisions to the M2 v3 parameters, as related to NPRR570 (on shortened settlement timeline);
    • New NPRR on M1 revisions: Draft M1 NPRR Methodology v1 and NPRRxxx Counter-Party (CP) Specific M1;
    • New NPRR on the shortening of the cure period: Shortened Cure Period v1 and NPRRxxx Reduce Cure Period v7;
    • New NPRR – Settlement-Point-based Real-Time and Day-Ahead Market (DAM) Exposure – New Estimated Aggregate Liability (EAL) Calculations Hierarchy and NPRRxxx EAL Price Components; and
    • New NPRR – Provider of Last Resort (POLR) Incremental Load Exposure – POLR Incremental Exposure v1 and NPRR_POLRs Incremental Load Exposure.
  • A Citi representative presented information on the Default Uplift Allocation.

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ERCOT Demand Side Working Group (DSWG) Meeting 1/10/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

The Demand Side Working Group (DSWG) met on 1/10/14, to elect new leadership, discuss its 2014 goals, and receive updates on recent developments.  The updates included information about the implementation of the Operating Reserve Demand Curve (ORDC), and preliminary analysis of the recent Load Resource deployment. The Demand Side Working Group (DSWG) met on 1/10/14 and elected new leadership.

  • The group reviewed and revised its goals for 2014, and the Chair asked that members send in any additional goals they consider important for further discussion.
  • ERCOT staff presented an update on the 1/6/14 deployment of load resources, when reserves dropped during the cold spell.
  • ERCOT staff also presented an update on the implementation of the Operating Reserve Demand Curve (ORDC), and noted that training may be provided before the start of the project.
  • The DSWG members discussed the need for a workshop/training on the ORDC before its start to alleviate any confusion before its implementation.
  • DSWG discussed its meeting schedule, observing that the Future Ancillary Services Team (FAST) meets every Friday (in Taylor) for the next six months. 

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Report: ERCOT’s Wholesale Market Subcommittee (WMS) Meeting 1/8/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

On 1/8/14, the Wholesale Market Subcommittee reviewed a number of NPRRs, discussed “MW allocation for determining default risk to the market,” and received updates on the Capacity, Demand, Reserves (CDR) report.  The subcommittee finalized a decision on the cost of fuel, as related to verifiable costs, and agreed on a set of goals for 2014The Wholesale Market Subcommittee (WMS) re-elected Seth Cochran (DC Energy) as the 2014 WMS Chair, and elected Bob Helton (GDF Suez) as the Vice Chair.  

  1. WMS considered the following Nodal Protocol Revision Requests (NPRRs):
    • NPRR574, Removal of Offer Curve Flexibility for (Day-Ahead Market) DAM-Committed Resources
    • NPRR576, Changing Non-Spin Service to an Off-Line Service
    • NPRR535, Resource Status Startup-Shutdown
    • NPRR582, Refinements to Testing Emergency Response Service (ERS) NPRR586, Align Credit Lock for Congestion Revenue Right (CRR) Auctions with Transaction Submission Deadline
    • NPRR589, Ancillary Service Offers in the Supplemental Ancillary Services Market (SASM).
  2. ERCOT staff presented information on the “Max MW Allocation for Determining Default Risk to the Market,” with preliminary market-wide values. 
  3. The update on the Capacity, Demand, and Reserves (CDR) report was limited to a note that it is still under review.
  4. ERCOT staff said that the load-forecasting methodology is still undergoing review.
  5. The WMS members approved goals for 2014, after making some revisions.
  6. The Congestion Management Working Group is working on the Element Competitiveness Index.
  7. The Resource Cost Working Group (RCWG) developed a Verifiable Cost Manual Revision Request VCMRR001, Submission of Fuel  Costs, to incorporate a procedure for including the fuel adder. 

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Report: ERCOT’s Retail Market Subcommittee (RMS) Meeting 1/10/14
Copyright 2014 by Competitive Assets, LLC.  All rights reserved

At its first 2014 meeting, the Retail Market Subcommittee voted on the new leadership, reviewed several Impact Analyses,  and received updates on changes to MarkeTrak and the NAESB process.   The group also discussed business cases for a couple of revision requests and noted several upcoming meetings, including on the Sharyland transition.The Retail Market Subcommittee (RMS) elected a Chair and Vice Chair for 2014.

  • The Chair reported on the number of smart meters installed, with AEP crossing the 1 million mark.
  • ERCOT staff reported that in December, IT systems for Market Operations, Market Data Transparency, and Grid Operations met all of the Service Level Agreement (SLA) targets.  There were, however, some missed extract postings.
  • ERCOT staff finalized the Impact Analysis (IA) for System Change Request SCR776, Retail Data Transport Upgrade to NAESB EDM v2.2 (Electronic Delivery Mechanism). 
    • RMS considered the Impact Analyses for RMGRR119, the Texas SET Cleanup of the Retail Market Guide, and Nodal Protocol Revision Request NPTT583 Validate that Continuous Service Agreement (CSA) Bypass Code in a Move-Out Request Is from Current CSA Competitive Retailer (CR) of Record. 
    • The Co-Chair of the Advanced Metering Working Group (AMWG) asked for nominations for the group’s leadership, which will be voted on at the next week’s meeting.
    • ERCOT staff noted that the sign-up for the Flight Test 0214 has started.
    • The Chair of the Texas Data Transport Working Group (TDTWG) said that the group will have a draft of the NAESB EDM v2.2 Implementation Guide ready in February. 

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Report: ERCOT’s Retail Market Subcommittee (RMS) Meeting 12/18/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

The Retail Market Subcommittee approved several revision requests, noted a delay in the NAESB upgrade, and approved a revised release window.  The participants also discussed a lengthy failure in processing of certain retail transactions, and agreed to address the matter again in January.

  • The Vice Chair of      the Retail Market Subcommittee (RMS) noted the filing of NPRR584, Alignment with TAC (Technical Advisory      Committee) Procedures to Shorten the Appeals Timeline.
  • A CNP representative reported that more than 6.65 million smart meters have been installed, and ERCOT is settling 97.3% of load with 15-minute-interval data.
  • ERCOT staff reported that in November, IT systems for Market Operations, Market Data Transparency, and Grid Operations met all of the Service Level Agreement (SLA) targets. 
  • The Texas Data Transport Working Group (TDTWG) will discuss further the 11/20/13-12/6/13 867_03 05 transaction processing failure, including the short notice for a market call.
  • ERCOT staff said that they’d asked for more time to do the Impact Analysis for System Change Request SCR776, Retail Data Transport Upgrade to NAESB EDM v2.2 (Electronic Delivery Mechanism). 
    • RMS considered Impact Analyses for Retail Market Guide Revision Request RMGRR116, Updates to the Process for Acquisition Transfer Events and RMGRR118, Customer Chooses to Receive Non-Standard Metering Services.
    • RMS considered RMGRR119 Texas SET Cleanup of the Retail Market Guide and NPRR583, Validate that CSA Bypass Code in a Move-Out Request Is from Current CSA Competitive Retailer (CR) of Record.
  • The RMS members considered the revisions to the Retail SLA 2014, which focus on updates to the SLA exception process and release calendar.

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Report: ERCOT’s Commercial Operations Subcommittee Meeting (COPS) 12/16/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

At its December meeting, the Commercial Operations Subcommittee heard updates on several recent settlement problems, a proposal to eliminate 15 ERCOT reports, and an interim solution for settling Emergency Response Service during holidays.  A COPS working group will be reviewing the benefits of replacing Interval Data Recorder meters with smart meters.

  • ERCOT staff reported that in November, IT systems for Market Operations, Market Data Transparency, Retail Market, and Grid Operations met all of the Service Level Agreement (SLA) targets.
  • The Retail Market Subcommittee (RMS) Vice Chair reported that:
    • Retail Market Guide Revision Request RMGRR116 (Updates to the Process for Acquisition Transfer Events) and RMGRR118 (Customer Chooses to Receive Non-Standard Metering Services) may be voted on by TAC in January;
    • Implementation of System Change Request SCR776 (Retail Data Transport Upgrade to NAESB EDM v2.2) will impact the entire market.
  • She added that ERCOT is settling 97.3% of load with 15-minute-interval data.  At the end of November, 6.6 million smart-meter ESI IDs have been installed.
  • The Advanced Metering Working Group (AMWG) is meeting on 12/2013, to discuss third-party access issues.
  • COPS considered a revised Market Data Transparency SLA 2014.
  • The Market Information System User Group (MISUG) met in November to consider limiting the number of reports published by ERCOT. 
  • ERCOT staff proposed an interim solution for the settlement of Emergency Response Service (ERS) during holidays.
  • The Profiling Working Group (PWG) is looking at the Interval Recorder Data meters to assess whether they can be replaced with smart meters.

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Report: ERCOT Wholesale Market Subcommittee (WMS) 12/11/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

Participants at the 12/11/13 meeting of the Wholesale Market Subcommittee discussed the goals for 2014, reviewed several NPRRs, and debated whether the work of the Generation Adequacy Task Force had been “hijacked.”  NPRR574, Removal of Offer Curve Flexibility for DAM-Committed Resources was deferred for one month in an attempt to find an alternative.

  • The Wholesale Market Subcommittee (WMS) considered the following Nodal Protocol Revision Requests (NPRRs):
    • NPRR503, Removal of Language Related to NPRR219
    • NPRR574, Removal of Offer Curve Flexibility for (Day-Ahead Market) DAM-Committed Resources
    • NPRR576, Changing Non-Spin Service to an Off-Line Service
    • NPRR535, Resource Status Startup-Shutdown
    • NPRR556, Resource Adequacy during Transmission Equipment Outage.
  • ERCOT staff presented information on the Resource Asset Registration Form (RARF) project.
  • The Chair of WMS asked members to review the WMS 2014 goals and provide comments for the January meeting.
  • From the report of the Emerging Technologies Working Group (ETWG), WMS considered the filing of a draft NPRR on PhotoVoltaic Generation Resources (PVGRs). 
  • The WMS members discussed the future work of the Generation Adequacy Task Force (GATF), including the CDR (Capacity, Demand, and Reserves) report. 
  • WMS considered a draft NPRR to give notice to QSEs to submit offers prior to the Supplemental Ancillary Services Market (SASM), as a way of addressing inadequate number of offers in SASM.
  • The Resource Cost Working Group (RCWG) developed a      Verifiable Cost Manual Revision Request VCMRR[1]-01 (Draft XXXVCMRR-01 Submission of Fuel Costs, ERCOT comments) to      incorporate a procedure for including the fuel adder. 

[1]  Verifiable Cost Manual Revision Request.

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Report: ERCOT Board of Directors (BOD) Meeting 12/10/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

The focus of the last ERCOT Board meeting was a detailed presentation on the new load forecasting methodology, presented by ERCOT staff.  The changes could lead to significantly lower load forecast going forward.  The Board also considered a number of NPRRs and revisions to the 2014 Ancillary Services Methodology.

  • The ERCOT Board considered the following Nodal Protocol Revision Requests (NPRRs) and a Planning Guide Revision Request (PGRR):
    • NPRR575, Clarification of the Reliability Unit Commitment (RUC) Resource Buy-Back Provision for Ancillary Services
    • NPRR578, Restores RUC Decommitment Charge Language Deleted in NPRR416
    • NPRR579, Amendment to the Minimum Point-to-Point (PTP) Option Bid Price Approval Timeline
    • NPRR528, Clarification of Assessment of Chronic Congestion
    • NPRR529, Constraint Management Plan
    • NPRR540, Clarification of Credible Single Contingency
    • NPRR542, Clarification of the Use of Emergency Condition
    • NPRR558, Addition of Bilateral Load Response Data to Protected Information List
    • NPRR561, Clarification of Shutdown Telemetry Status
    • NPRR565, Seasonal Generation Notifications
    • NPRR566, Removal of Language Regarding QSE Service Filings
    • PGRR030, New Planning Guide Section 8A, Declaration of Resource Data Accuracy and 8B, Declaration of Adequate Water Rights
    • NPRR571, Emergency Response Service (ERS) Weather-Sensitive Loads Requirements, and
    • NPRR541, Special Protection System (SPS) and Remedial Action Plan (RAP) Modeling Clarification.
  • Among other items, the ERCOT CEO reported that: (a) through November, ERCOT’s collections of system administration fee were $1.7 million lower than expected; (b) there was a 1.4% error in ERCOT’s year-to-date energy forecast; and (c) Kent Saathoff will retire in early 2014.
  • ERCOT staff presented a detailed overview of their new methodology for Load Forecasting, noting that the change is driven by national and regional trends. 
  • ERCOT staff also presented information about the Weather-Sensitive ERS Pilot Project.  The staff concluded that, in spite of some problems, the pilot confirmed the ability of weather-sensitive loads to provide dispatchable demand response during summer system conditions.  
  • The Board approved proposed changes to the 2014 Methodology for Ancillary Services Procurement. 
  • The Board approved the newly elected representatives of the Technical Advisory Committee.
  • At the Annual Meeting, the Board ratified several new Board members, and heard a speech from Representative Keffer.

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Report: ERCOT Technical Advisory Committee (TAC)Meeting 12/3/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

At the 12/3/13 meeting of the Technical Advisory Committee (TAC), the participants reviewed a compromise proposal for the 2014 Ancillary Services Methodology.  They discussed Planning Guide Revision Request PGRR031, Implement 95% Facility Rating Limit in the Planning Criteria, which failed approval – a decision that was reversed the next day because of incorrect vote count.  In addition, TAC considered a number of revision requests and heard several updates from ERCOT staff.

  • The Technical Advisory Committee (TAC) considered the following Nodal Protocol Revision Requests (NPRRs):
    • NPRR563, Credit Lock Standards
    • NPRR567, Stakeholder Review of Resource Registration Data Requirements
    • NPRR569, Retail Clarification and Cleanup
    • NPRR571, Emergency Response Service (ERS) Weather-Sensitive Loads Requirements
    • NPRR575, Clarification of the Reliability Unit Commitment (RUC) Resource Buy-Back Provision for Ancillary Services
    • NPRR578, Restores RUC Decommitment Charge Language Deleted in NPRR416
    • NPRR579, Amendment to the Minimum Point-to-Point (PTP) Option Bid Price Approval Timeline
    • Notice of PRS Rejection of NPRR537, ERS Clearing Price.
  • The ERCOT CEO announced formal assignments of ERCOT staff to TAC and the subcommittees for 2014.
  • ERCOT General Counsel explained the new process for stakeholder evaluation of the revised load-forecasting methodology. 
  • ERCOT staff made a short presentation on the      implementation of NPRR568, Real-Time Reserve Price Adder Based on      Operating Reserve Demand Curve (ORDC).
  • From the report of the Reliability and Operations      Subcommittee (ROS), TAC considered Nodal Operating Guide Revision Requests,      Planning Guide Revision Requests, and a Resource Registry Glossary      Revision Request:
    • NOGRR121, ERCOT Operator Certification Program and ERCOT Fundamentals Manual
    • NOGRR122, CRR Network Model Clarification for Accepted Outages
    • PGRR032, Stakeholder Review of Resource Registration Data Requirements
    • RRGRR001, Section 2, Resource Registration Glossary
    • PGRR031, Implement 95% Facility Rating Limit in the Planning Criteria.
  • TAC considered two previously tabled items:
    • NOGRR113, Synchronization with NPRR536, ERS Time Obligation Certainty, and
    • Commercial Operations Market Guide Revision Request COPMGRR036, Alignment with NPRR570, Reduce Real-Time Market (RTM) Settlement Timeline to Operating Day plus Five.
  • ERCOT staff presented an update on changes to the Ancillary Services (AS) Methodology, which was revised with ROS comments.
  • The Chair of the Commercial Market Subcommittee (COPS) presented an update on the Market Information System User Group (MISUG) meeting.

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Report: ERCOT Board’s Finance and Audit Committee Meeting 11/18/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

The Finance and Audit Committee report captures the comprehensive overview of the Affordable Care Act, and its effect on large employers, as presented by Ernst&Young.  At the 11/18/13 meeting, the members also discussed the newly proposed user fee policy, ERCOT’s financial investment information, and limits on Letters of Credit.  

  • The Finance and Audit Committee (F&A) heard a comprehensive update on the Affordable Care Act (ACA), and how it potentially affects ERCOT.
  • The F&A discussed possible revisions to the Key Performance Indicators (KPIs), and agreed to forward any comments to the Human Resources and Governance Committee (HR&G).
  • The F&A members heard results from the Examination and Independence Report, as completed by the Service Organization Control (SSAE 16) Auditor. 
  • ERCOT staff presented information about the Letters of Credit (LOC) Concentration Limits. 
  • The F&A considered a recommendation to increase the Day-Ahead Market (DAM) Credit Parameters – i.e., Point-to-Point (PTP) Obligation Discount Factor.
  • The ERCOT counsel presented information on revised criteria for the setting of New User Fees.
  • ERCOT staff reported on the work of the Credit Work Group.
  • ERCOT staff reported on ERCOT’s financial situation.
  • ERCOT staff reported on the managing of ERCOT’s investments, highlighting issues related to the government shutdown.
  • The committee meets next in February 2014.

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Report: ERCOT’s Retail Market Subcommittee Meeting 11/20/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

At the 11/20/13 meeting of the Retail Market Subcommittee (RMS), the participants discussed alternate solutions in case there is another outage in retail transactions processing, like the one at the end of October.  They also considered several revision requests, and a System Change Request to update NAESB guide.  Several voting items were deferred until December.  

  • The Chair of the Retail Market Subcommittee (RMS) noted that the Technical Advisory Committee (TAC) approved revised TAC Procedures.
  • The Smart Meter Texas (SMT) representative provided an update on Third-Party Access work. 
  • The TX SET Working Group presented a draft NPRR on CSA (Continuous Service Agreement) Bypass Code.  
  • A CNP representative reported that more than 6.63 million smart meters have been installed, and ERCOT is settling 97.3% of load with 15-minute-interval data.
  • ERCOT staff reported that in October, IT systems for Market Operations, Market Data Transparency, and Grid Operations met all of the Service Level Agreement (SLA) targets. 
  • RMS discussed an extended outage in the retail transaction processing at the end of October. 
  • Revisions to the Retail SLA 2014 will be considered at the December RMS meeting.
  • The Chair of the Texas Data Transport Working Group (TDTWG) presented System Change Request SCR776, Retail Data Transport Upgrade to NAESB EDM v2.2 (Electronic Delivery Mechanism). 
    • RMS considered Retail Market Guide Revision Request RMGRR116 and RMGRR118. 
    • ERCOT staff provided an update on retail projects, and said that next year, they’ll come every quarter to offer updates. 
    • ERCOT staff said that market participants ought to review the list of reports, posted at MISUG Meeting Materials.
    • ERCOT staff reported that the third quarter performance measures were very good.

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Report: ERCOT’s Board of Directors Meeting 11/19/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

At the 11/19/13 meeting of the ERCOT Board, there was a contentious discussion of the next Capacity, Demand, and Reserves (CDR) report that included concern out when it would be released and the data that would be used for load growth.  Other topics discussed included, among others, the Peaker Net Margin, the ERS pilot, and reports from the Finance and Audit Committee and the Human Resources and Governance Committee.

  • The ERCOT Board considered the following Nodal Protocol Revision Requests (NPRRs) and a Planning Guide Revision Request (PGRR):
    • NPRR570, Reduce Real-Time Market (RTM) Settlement Timeline to Operating Day (OD) plus Five
    • NPRR550, Modifications to Planning Reserve Margin Inputs
    • NPRR568, Real-Time Reserve Price Adder Based on Operating Reserve Demand Curve (ORDC)
    • NPRR559, Revisions to Minimum Current Exposure (MCE) Calculation
    • NPRR527, Required Combined Cycle Telemetry for Operational Awareness and Performance, Disturbance, Compliance Working Group (PDCWG) Analysis
    • NPRR536, Emergency Response Service (ERS) Time Obligation Certainty
    • NPRR543, Message for Confirmed E-Tags
    • NPRR545, Removal of Reference to Wave Traps
    • NPRR546, Removal of References to Reliability Unit Commitment (RUC) Notifications
    • NPRR547, Governor Test Data
    • NPRR548, Remove NPRR153 Grey Boxes and Clarify Fixed Quantity Block Treatment in the Day-Ahead Market (DAM)
    • NPRR549, Clarification for Posting Transmission Loss Factors
    • NPRR553, Monthly Block Load Transfer (BLT) Payment and Charge for Presidio Exception,
    • NPRR564, Thirty-Minute ERS and Other ERS Revisions, with its Other Binding Document.and
    • PGRR029, Deadline for Regional Transmission Plan.
  • Among other items, the ERCOT CEO reported on: (a) ERCOT’s collections of system administration fee, (b) ERCOT’s year-to-date energy forecast, (c) ERCOT staff’s visits of generation sites for review of weatherization preparedness.
  • There was a somewhat heated discussion about the next Capacity, Demand, and Reserves (CDR) report concerning when it will be issued, and which data for load growth that it would use. 
  • The Independent Market Monitor (IMM) presented information on the Peaker Net Margin (PNM.
  • ERCOT staff presented the final report on the 30-minute ERS pilot. 

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Report: ERCOT’s Wholesale Market Subcommittee 11/13/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

The 11/13/13 meeting of the Wholesale Market Subcommittee (WMS) heard a presentation from Raiden Commodities on NPRR574 (Removal of Offer Curve Flexibility for DAM-Committed Resources), agreeing to further discussions on the changes to the offer curves under certain circumstances. while some members wanted to reject the NPRR.  The group also reviewed a number of other NPRRs, and considered additional language on the fuel adder in the Verifiable Cost Manual. 

  • The Wholesale Market Subcommittee (WMS) considered the following Nodal Protocol Revision Requests (NPRRs) and System Change Request (SCR):
    • NPRR503 (Removal of Language Related to NPRR219)
    • NPRR574 (Removal of Offer Curve Flexibility for (Day-Ahead Market) DAM-Committed Resources)
    • NPRR580 (Establishment of a Rolling Congestion Revenue Right (CRR) Balancing Account Fund)
    • SCR775 (Posting Results of Real-Time Data in a Display Format)
    • NPRR556 (Resource Adequacy during Transmission Equipment Outage)
    • A draft NPRR, defining a Photo-voltaic Generation Resource
    • NPRR571 (Emergency Response Service (ERS) Weather-Sensitive Loads Requirements)
    • NPRR535 (Resource Status Startup – Shutdown)
    • NPRR486 (Calculation of Generation to be Dispatched)
  • ERCOT staff presented information on:
    • Resource Asset Registration Form (RARF) Project
    • Review of Minimum Point-to-Point (PTP) Option Bid Price
    • Update to Verifiable Cost Escalation Cost Factors.
  • The Chair of the Resource Cost Working Group presented proposed language related to the fuel adder.
  • The Chair of the Demand Side Working Group reminded WMS members that there will be a workshop on Loads in SCED (Security Constrained Economic Dispatch).
  • From the report of the Emerging Technologies Working Group (ETWG), WMS approved new leadership.
  • The WMS Chair reminded members that comments are due on the Ancillary Services redesign proposal.
  • The last training session for NPRR484 (Revisions to CRRs Credit Calculations and Payments) was held on 11/15/13.

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Report: ERCOT’s Technical Advisory Committee meeting 11/7/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

At the 11/7/13 meeting of the Technical Advisory Committee (TAC), participants handled several controversial subjects, including NPRR568 (Real-Time Reserve Price Adder Based on Operating Reserve Demand Curve (ORDC)), changes to the planning reserve margin inputs, and two types of Emergency Response Service (ERS).  After long discussions, consensus was reached on these and other issues.

  • The Technical Advisory Committee (TAC) considered the following Nodal Protocol Revision Requests (NPRRs):
    • NPRR528 (Clarification of Assessment of Chronic Congestion)
    • NPRR529 (Constraint Management Plan)
    • NPRR540 (Clarification of Credible Single Contingency)
    • NPRR541 (Special Protection System (SPS) and Remedial Action Plan (RAP) Modeling Clarification)
    • NPRR542 (Clarification of the Use of Emergency Condition)
    • NPRR558 (Addition of Bilateral Load Response Data to Protected Information List)
    • NPRR561 (Clarification of Shutdown Telemetry Status)
    • NPRR565 (Seasonal Generation Notifications)
    • NPRR566 (Removal of Language Regarding QSE Service Filings)
    • NPRR570 (Reduce Real-Time Market (RTM) Settlement Timeline to Operating Day (OD) plus Five).
  • After an update on the new load forecast methodology, TAC approved NPRR550 (Modifications to Planning Reserve Margin Inputs). 
  • After ERCOT staff presented information on the 30-Minute ERS pilot, TAC considered NPRR564 (Thirty-Minute Emergency Response      Service (ERS) and Other ERS Revisions) and ERS Procurement Methodology_v0.1 
  • TAC considered NPRR568 (Real-Time Reserve Price Adder  Based on Operating Reserve Demand Curve (ORDC)) during a long discussion.  The NPRR was approved, with some modifications. 
  • ERCOT staff also revised the NPRR568 Impact Analysis, which estimates: (a) the cost of $400k-$500K; (b) a longer implementation time,      including stabilization period (seven-to-nine months); and (c) delivery of the NPRR in two phases, starting on 6/1/14.
  • From the report of the Reliability and Operations Subcommittee (ROS), TAC considered Nodal Operating Guide Revision Request NOGRR111(Synchronization with NPRR527, Required Combined Cycle Telemetry for Operational Awareness and Performance, Disturbance, Compliance Working Group (PDCWG) Analysis) and Planning Guide Revision Request PGRR030 (New Planning Guide Section 8A, Declaration of Resource Data Accuracy and 8B, Declaration of Adequate Water Rights (formerly, New Planning Guide Section 8A, Declaration of      Resource Data Accuracy)).
  • ERCOT General Counsel made a presentation on the proposed modifications to the Board Policies Procedures, which focus on better defined criteria for the setting of user fees.
  • From the report of the Wholesale Market Subcommittee (WMS), TAC approved the Nodal Non-Spin Deployment/Recall Procedure and 2014-2015 Congestion Revenue Right (CRR) Activity Calendar.
  • After a presentation, TAC approved Notrees Application for Permanent Exemption from ERCOT-Polled System (EPS) Metering.
  • TAC approved revised TAC Procedures.
  • The TAC members again discussed how to process the recently posted ERCOT Ancillary Services Concept Paper v1.0, after ERCOT staff said that they’d like to have related NPRRs completed by the next summer.  Some participants thought that the transition ought to take longer.
  • ERCOT staff made a presentation on the Weather-Sensitive Load, noting mostly good results, although some problems had to be worked out.

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Report: ERCOT’s Credit Working Group and Market Credit Working Group Meeting 10/30/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

The credit groups met at ERCOT on 10/30/13, to approve several Nodal Protocol Revision Requests (NPRRs) as operational, discuss the timeline for a mass transition to the Provider of Last Resort (POLR), review an unresolved issue of how to calculate the Minimum Current Exposure (MCE) for traders, and get an update on the Letter of Credit concentration.  There is no meeting in November, but the groups may have an email vote.    

  • The Credit Working Group (CWG) and Market Credit Working Group (MCWG) held a joint meeting on 10/30/13.  The next meeting is on 12/16/13.
  • The two groups reviewed the following Nodal Protocol Revision Requests (NPRRs) as operational and having no credit implications:
    • NPRR563 (Credit Lock Standards)
    • NPRR564 (Thirty-Minute Emergency Response Service (ERS) and Other ERS Revisions)
    • NPRR567 (Stakeholder Review of Resource Registration Data Requirements) and
    • NPRR569 (Retail Clarification and Cleanup).
  • Two additional NPRRs were reviewed and submitted with comments: NPRR568 (Real-Time Reserve Price Adder Based on Operating Reserve Demand Curve) and NPRR570 (Reduce Real-Time Market (RTM) Settlement Timeline to Operating Day (OD) plus Five).
  • ERCOT staff explained that the NPRR on “Exposure Calculations for Non-Load/Non-Generation Counter-Parties” has been drafted, but one issue remains unresolved. 
  • The groups discussed a mass transition to the Provider of Last Resort (POLR).
  • The review of the Letter of Credit Concentration showed no concerns so far, as no institutions reached the limit.
  • Additional training has been scheduled for NPRR484 (Revisions to CRR Credit Calculations and Payment).  

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Report: ERCOT Retail Market Subcommittee (RMS) meeting 10/16/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

At the 10/16/13 meeting of the Retail Market Subcommittee (RMS), the members heard an update on the shortening of mass transition processes and potential streamlining of flight tests in 2014.  ERCOT staff reviewed several reports on the number of switched ESI IDs and customer/REP relationships.  The reports are posted on ERCOT’s Retail webpage, and staff asked the participants to evaluate whether they are still needed. 

  • The Vice Chair of the Retail Market Subcommittee (RMS) updated RMS members on several efforts underway at the Technical Advisory Committee (TAC), including the new 2014 calendar.
  • The TX SET Working Group reviewed mass transition processes, as part of an effort to reduce the timeline from two days to one, because of potential revisions to the credit requirements/parameters. 
  • A CNP representative reported that more than 6.6 million smart meters have been installed, and ERCOT is settling 97% of load with 15-minute-interval data.
  • A release scheduled for 10/26-28/13 has been cancelled. 
  • After a review by the Texas Data Transport Working Group (TDTWG), RMS may hold an email vote on the question of how to manage releases, exceptions, and outages.
    • Retail Market Guide Revision Request RMGRR116 (Updates to the Process for Acquisition Transfer Events) remains tabled, and is at the TXSET Working Group (TXSET).
    • RMGRR117 (Clarification of Inadvertent Gain Valid Reject Reasons) was withdrawn; instead, MarkeTrak will develop a new RMGRR.
    • RMS endorsed NPRR569 (Retail Clarification and Cleanup).
    • ERCOT staff reported that they will be looking at the current execution of flight tests, including how to streamline them.
    • ERCOT staff presented several reports on ESI IDs and switching and asked market participants (MPs) to review whether they are still needed.  
    • ERCOT staff reported that the Inadvertent Gains numbers peaked in the summer.
    • The AEP’s annual REP workshop has been scheduled for 10/23-24/13.
    • The TNMP’s REP workshop is scheduled for 10/30/13.
  • The Vice Chair of      the Commercial Operations Subcommittee (COPS) reported that COPS      approved Nodal Protocol Revision Request NPRR570 (Reduce Real-Time Market      (RTM) Settlement Timeline to Operating Day plus Five). 
  • ERCOT staff reported that in September, IT systems for      Market Operations, Market Data Transparency, Retail Market, and Grid      Operations met all of the Service Level Agreement (SLA) targets. 

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Report: ERCOT Wholesale Market Subcommittee (WMS) meeting 10/9/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

On 10/9/13, the Wholesale Market Subcommittee (WMS) discussed: several Nodal Protocol Revision Requests (NPRRs); changes to the Loss-of-Load Expectation (LOLE) study; and an update  on the Resource Asset Registration Form (RARF) project.  The debates on changes to the Emergency Response Service (ERS), fuel adder, and Ancillary Services Methodology grew to be quite contentious, while the 2014 Congestion Revenue Right (CRR)  Activity Calendar was approved without much discussion.

  • The Wholesale Market Subcommittee (WMS) considered the following Nodal Protocol Revision Requests (NPRRs):
    • NPRR563 (Credit Lock Standards)
    • NPRR571 (Emergency Response Service (ERS) Weather-Sensitive Loads Requirements)
  • ERCOT staff presented an update  on Resource Asset Registration Form (RARF) project.  .
  • WMS members discussed that the Loss-of-Load Expectation (LOLE) study will be done in early November. 
  • WMS endorsed Congestion Revenue Right (CRR) Activity Calendar.
  • ERCOT staff presented information on the ERS Procurement Methodology.
  • WMS endorsed the draft Nodal Non-Spin Deployment and Recall Procedure. 
  • WMS discussed proposed changes to the Ancillary Services (AS) Methodology.
  • From the report of the Resource Cost Working Group, WMS approved new language for NPRR485 (Clarification for Fuel Adder Provisions) on fuel adder. 
  • The Resource Adequacy Working Group had a shorter than expected discussion at the end of WMS, but met again on 10/11/13.

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Report: ERCOT Commercial Operations Subcommittee (COPS) meeting 10/8/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

On 10/8/13, the Commercial Operations Subcommittee (COPS) endorsed Nodal Protocol Revision Request NPRR570, which shortens the settlement timeline to five days, starting on 5/1/14.  Before going to five days, though, the settlement will be at six days as a test.  COPS also heard presentations on the impact of settlement disputes and how to set up the Congestion Revenue Right Balancing Account to address shortfalls.

  • The Chair of the Commercial Operations Subcommittee (COPS) reported that the Technical Advisory Committee (TAC) endorsed a 2014 meeting calendar.  
  • After some discussion, and grey-boxing of Sec. 10 language, COPS approved Nodal Protocol Revision Request NPRR570 (Reduce Real-Time Market (RTM) Settlement Timeline to Operating Day plus Five). 
  • COPS considered Commercial Operations Market Guide Revision Request COPMGRR034 (Updates to the Market Notice Communication Process) and COPMGRR036      (Alignment with NPRR570, Reduce RTM Settlement Timeline to Operating Day plus Five).
  • COPS also considered Load Profiling Guide Revision Request LPGRR050 (Changes the Review of Additional Validations from a Quarterly Review to an Annual Review).
  • ERCOT staff reported that in September, IT systems for Market Operations, Market Data Transparency, Retail Market, and Grid Operations met all of the Service Level Agreement (SLA) targets.
  • COPS approved a new leadership for the Market Information System User Group (MISUG), and will ask it to meet before the end of the year.
  • ERCOT staff presented reports on: (a) Notification of Financial Impact of Settlement Disputes (the issue was referred to the Communications and Settlement Working Group CSWG)); (b) Balancing Account (BA) Fund Concept – a couple of options were discussed on how to deal with Congestion Revenue Right (CRR) BA shortfalls; and (c) NPRR568 (Real-Time Reserve Price Adder Based on Operating Reserve Demand Curve (ORDC)).
  • The staff noted that NPRR568 is moving very fast, and will have a dramatic impact on settlement.  They urged all MPs to follow it.   

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ERCOT’s Technical Advisory Committee (TAC) Meeting 10/3/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

At the 10/3/13 meeting of the Technical Advisory Committee (TAC), the participants tabled NPRR550 (Modifications to Planning Reserve Margin Inputs) to get more information on the impacts of the proposed modifications; generally approved a significantly revised 2014 schedule; and expressed support for a new project designed to make the resource registration process much easier.  There were also discussions about further shortening of the settlement timeline and revisions to TAC Procedures (comments are due on 11/1/13).

  • The Technical Advisory Committee (TAC) considered the following Nodal Protocol Revision Requests (NPRRs):
    • NPRR550 (Modifications to Planning Reserve Margin Inputs)
    • NPRR559 (Revisions to Minimum Current Exposure (MCE) Calculation)
  • The TAC Chair suggested that TAC start working on its goals for 2014, as a response to the Board’s intent to provide more strategic guidance to TAC.
  • The TAC members discussed a draft of the 2014 meeting calendar.
  • The TAC members also discussed the current efforts to shorten the settlement timeline.
  • From the report of the Reliability and Operations Subcommittee (ROS), TAC considered:
    • NOGRR109 (Revisions to Definition of Credible Single Contingency for Operations Planning)
    • NOGRR110 (Synchronization with NPRR529, Congestion Management Plan)
    • NOGRR114 (Synchronization with NPRR540, Clarification of Credible Single Contingency)
    • NOGRR116 (Synchronization with NPRR542, Clarification of the Use of Emergency Condition)
    • NOGRR120 (Black Start Plan Template Revision)
    • Resource Registration Glossary (Section 1: Overview and Revision Process)
  • The TAC Chair noted two unresolved issues from the TAC      Procedures review.
  • The Resource Adequacy Task Force is meeting on 10/4/13, to continue discussing NPRR568 (Real-Time Reserve Price Adder Based on Operating Reserve Demand Curve). 
  • In the update from the Commercial Operations Subcommittee, the COPS Chair said that additional discussions about the shortening of the settlement timeline will take place at the Communications and Settlement Working Group.  
  • ERCOT staff presented an update on their Online Data project. 
  • ERCOT staff reported that prices spiked on 10/1/13 because of resource outages and the system becoming tight. 
  • The TAC members also addressed how to process the recently posted ERCOT paper on revised Ancillary Services.

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ERCOT’s Retail Market Subcommittee (RMS) Meeting 9/18/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

On 9/18/13, the Retail Market Subcommittee (RMS) approved several Change Controls to accommodate the new smart-meter opt-out rule and discussed proposed changes to the NAESB Electronic Delivery Mechanism (EDM).  In the next couple of months, RMS will also address possible ways of shortening the mass transition process. 

  • The Chair of the Retail Market Subcommittee (RMS) discussed an assignment from the Technical Advisory Committee (TAC) to review mass transition processes in light of potential revisions to the credit requirements/parameters.   
  • A CNP representative reported that almost 6.576 million smart meters have been installed, and ERCOT is settling 97% of load with 15-minute-interval data.
  • ERCOT staff reported that in August, IT systems for Market Operations, Market Data Transparency, Retail Market, and Grid Operations met all of the Service Level Agreement (SLA) targets.  There was, however, a short MarkeTrak outage.
    • ERCOT staff’s request for an SLA exception to accommodate R5 Release on 9/28-29/13, was approved.
    • Retail Market Guide Revision Request RMGRR116 (Updates to the Process for Acquisition Transfer Events) remains tabled, and is at the TXSET Working Group (TXSET).
    • RMS considered RMGRR117 (Clarification of Inadvertent Gain Valid Reject Reasons).
    • RMS considered Change Request 2013-017, which increases the maximum number of ESI IDs per request that can be supported by the Application Programming Interface (API) for meter usage.
    • The Sharyland team reported that the latest count shows 28 Competitive Retailers participating in the last flight test for Sharyland.
    • The Inadvertent Gains numbers rose from July to August.
    • Several TDSPs scheduled annual REP workshops in October.
  • The Vice Chair of  the Commercial Operations Subcommittee (COPS) reported that COPS scheduled a meeting on 9/23/13, for further discussions on the shortening of the settlement timeline.  The most likely proposal now is for a timeline of Operating Day + 5.
  • RMS considered the new Proposed Flight Testing Schedule for 2014, with three planned-flight tests.
  • The Texas Data Transport Working Group (TDTWG) has been working with NAESB on additions to the NAESB Electronic Delivery Mechanism      (EDM). 

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ERCOT’s Board of Directors (BOD) Meeting 9/17/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

At its 9/17/13 meeting, the ERCOT Board approved a number of revision requests, heard updates on the inclusion of outages in the Congestion Revenue Right (CRR) auction models and occasional shortfalls in the CRR Balancing Account, and possible revisions to the planning-reserve margin.  The ERCOT CEO reported on the lower system administration fee collections in 2013 and efforts to address persistent drought conditions.  The Board is urging market participants to develop as soon as possible plans for a shorter-settlement timeline, believing that three days ought to be the ultimate goal.

  • The ERCOT Board considered the following Nodal Protocol Revision Requests (NPRRs):
    • NPRR524 (Resource Limits in Providing Ancillary Service)
    • NPRR532 (Performance Measurement and Verification and Telemetry Requirements for Load Resources Providing Non-Spin)
    • NPRR538 (Clarification of the Non-Spin Energy Offer Curve Requirements for Quick Start Generation Resources (QSGRs))
    • NPRR551 (Posting of Annual Planning Model)
    • NPRR552 (Additional Counter-Party Criteria)
    • NPRR554 (Clarification of Future Credit Exposure Calculation)
    • NPRR555 (Load Resource Participation in Security-Constrained Economic Dispatch (SCED))
    • NPRR557 (Administrative Change for August 1, 2013 Nodal Protocols).
  • Among other items, the ERCOT CEO reported that: (a) through August, ERCOT’s collections of system administration fee were $2.6 million lower than expected, although the year-end budget may still be balanced; (b) there is a 2.8% error in EROT’s year-to-date energy forecast; and (c) Release 4, deployed at the end of July, made 102 changes across all applications.
  • The CEO spent some time reporting on the effect of the milder weather on demand (and, thus, administrative-fee collections) and persistence of drought across Texas. 
  • ERCOT staff presented Congestion Revenue Rights (CRR) Review, responding to concerns about a recent shortfall in the CRR Balancing Account (CRR BA). 
  • The Independent Market Monitor (IMM) presented a report on prices in the market, including for energy, Ancillary Services, and natural gas. 
  • The Chair of the Technical Advisory Committee (TAC) reported on the efforts to reduce the settlement timeline: five days seems fairly easy, and a three-day timeline is also possible. 
  • From the TAC report, the Board considered NPRR539 (Amend Wholesale Storage Load Definition) and NPRR519 (Exemption of (Emergency Response Service) ERS-Only QSEs from Collateral and Capitalization Requirements).
  • ERCOT staff reported on the potential revisions to the Planning Reserve Margin, focusing on three items: outage data; impact of price-responsive load; and wind and solar capacity.  
  • ERCOT staff reported on the Weather-Sensitive ERS pilot, which will soon conclude, having achieved good results. 
  • From the report of the Finance and Audit Committee, the Board approved the Acceptance of 2012 ERCOT 401(k) Savings Plan Audit.
  • The Board also approved a new schedule for 2014, switching meetings to even-numbered months, plus January.

 

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ERCOT’s Wholesale Market Subcommittee (WMS) Meeting 9/11/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

At its 9/11/13 meeting, the Wholesale Market Subcommittee approved several Nodal Protocol Revision Requests, but an NPRR on the new 30-minute Emergency Response Service (ERS) was remanded for further work.  The participants took note of at least six upcoming workshops on various topics and training on NPRR484.  In addition, the Other Binding Document on System-Wide Offer Cap and Scarcity Pricing Mechanism Methodology was revised by raising the Peaker Net Margin to $315K, effective for 2014.

POINTS OF INTEREST

  • The Wholesale Market Subcommittee (WMS) considered the following Nodal Protocol Revision Requests (NPRRs):
    • NPRR528 (Clarification of Assessment of Chronic Congestion)
    • NPRR529 (Congestion Management Plan)
    • NPRR550 (Modifications to Planning Reserve Margin Inputs)
    • NPRR560 (Caps and Floors for Energy Storage Resources) 
    • NPRR558 (Addition of Bilateral Load Response Data to Protected Information List).
  • ERCOT staff presented an update on the Resource Asset Registration Form (RARF) project. 
  • WMS considered revisions to the System-Wide Offer Cap and Scarcity Pricing Mechanism Methodology.      
  • ERCOT staff presented an update on the workshop on Sub-synchronous Resonance (SSR) and NPRR562
  • ERCOT staff presented an update on PR106-1, MP (Market Participant) Online Data Entry – Phase 1, explaining that the focus is on how the data are entered.
  • WMS and ERCOT staff discussed several upcoming workshops/training.
  • ERCOT staff said that there are issues with testing related to NPRR484, and so its implementation may be delayed.
  • ERCOT staff presented an update on the Emergency Response Service (ERS) workshop, and asked for the endorsement of NPRR564 (Thirty-Minute ERS and Other ERS Revisions).
  • ERCOT staff explained that NPRR564 is time-sensitive, and they plan to take it to PRS on 9/19/13, to ask for Urgent status.  
  • The Generation Adequacy Task Force (GATF) will work on the issue of improving the load-forecasting process.
  • In October, QMWG will be discussing again the issue of insufficient Supplemental Ancillary Services Market (SASM) offers and how      to solve it.
  • Revisions to the Verifiable Cost Manual v36 to reflect fuel adder changes were remanded to the Resource Cost Working Group for further work.
  • From the report of the Congestion Management Working Group (CMWG), WMS discussed an effort to have fully-funded CRRs and revisions to the CRR Balancing Account.

 

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Report: ERCOT COPS Workshops on Shortening Settlement Timeline 9/10/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

The latest Commercial Operations Subcommittee (COPS) report summarizes two recent workshops on the shortening of the settlement timeline.  The stakeholders at ERCOT debated options for a shorter timeline, ranging from settlement at day six all the way to day one.  After reviewing the pros and cons of each option, they reached a consensus that going to Operating Day + 5 would be relatively easy to implement.  To read more, please subscribe to ERCOT Monitor Reports. If you are interested in purchasing this ERCOT Monitor Reports issue, please click here. If you are interested in subscribing ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151   

ERCOT’s Technical Advisory Committee Meeting 9/5/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

At the 9/5/13 meeting of the Technical Advisory Committee (TAC), the participants approved 16 revision requests, including two on greater participation of loads in the market.  They also agreed to study improvements to the load-forecasting process, re-evaluate Ancillary Services, and look at market rules for the development of the Congestion Revenue Right (CRR) model.  Discussions about possible revisions to TAC procedures and further shortening of the settlement timeline will continue, and may be voted on in October. 

POINTS OF INTEREST

  • The Technical Advisory Committee (TAC) considered the following Nodal Protocol Revision Requests (NPRRs):

NPRR524 (Resource Limits in Providing Ancillary Service) – Urgent
NPRR527 (Required Combined Cycle Telemetry for Operational Awareness and Performance, Disturbance, Compliance Working Group (PDCWG) Analysis)
NPRR536 (Emergency Response Service (ERS) Time Obligation Certainty)
NPRR543 (Message for Confirmed E-Tags)
NPRR545 (Removal of Reference to Wave Traps)
NPRR546 (Removal of References to Reliability Unit Commitment (RUC) Notifications)
NPRR547 (Governor Test Data)
NPRR548 (Remove NPRR153 Grey Boxes and Clarify Fixed Quantity Block Treatment in the Day-Ahead Market (DAM))
NPRR549 (Clarification for Posting Transmission Loss Factors)
NPRR551 (Posting of Annual Planning Model) – Urgent
NPRR552 (Additional Counter-Party Criteria) – Urgent
NPRR553 (Monthly Block Load Transfer (BLT) Payment and Charge for Presidio Exception)
NPRR554 (Clarification of Future Credit Exposure Calculation) – Urgent
NPRR557 (Administrative Change for August 1, 2013 Nodal Protocols) – Urgent
NPRR532 (Performance Measurement and Verification and Telemetry Requirements for Load Resources Providing Non-Spin) – Urgent
NPRR555 (Load Resource Participation in Security-Constrained Economic Dispatch (SCED)) – Urgent.

  • TAC considered NPRRs 555 and 532 together, after ERCOT staff explained that they would be combined to gain efficiencies. 
  • ERCOT staff announced that within a month of approving NPRRs 555 and 532 by the ERCOT Board, they would hold a workshop on Phase II of Loads in SCED.
  • An Other Binding Document (OBD) on ERCOT Requirements for Aggregate Load Resource Participation v1 was also considered, as was a related Draft Nodal Non-Spinning Reserve Service Deployment Proc v5.
  • The TAC leadership presented issues, as discussed during the TAC Procedure Review, including how to treat comments by working groups/task forces, appeals at TAC, and a need for more workshops on cross-over topics.  The plan is for TAC to vote on these issues in October.
  • TAC discussed for a long time Principles Of Consistency document, before agreeing to delete it.
  • From the Reliability and Operations Subcommittee (ROS), TAC considered:

Nodal Operating Revision Request NOGRR113 (Synchronization with NPRR536, ERS Time Obligation Certainty)
NOGRR115 (Update to the List of Competitive Renewable Energy Zone (CREZ) Circuits and Stations)
NOGRR118 (Hydro Responsive Test Reporting)
Planning Guide Revision Request PGRR029 (Deadline for Regional Transmission Plan)
ERCOT Nodal ICCP Communications Handbook v3 (Inter-Control Center Communication Protocol)
ROS Procedures.

  • TAC referred the re-evaluation of the load-forecasting process to the Wholesale Market Subcommittee (WMS).
  • From the report of the Retail Market Subcommittee (RMS), TAC approved Retail Market Guide Revision Request RMGRR115 (Manual Work-Around Processes to Be Utilized during Extended Retail Outages).
  • ERCOT staff reported that the pilot for weather-sensitive loads will be over soon, and they will present a report to the Board in November. 
  • From the report of the Commercial Operations Subcommittee (COPS), TAC approved the COPS Procedures.
  • The Chair of COPS presented a summary of the Workshop on Shortening the Settlement Timeline, which developed several      options.  A second workshop has been      scheduled for 9/10/13.  

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ERCOT Credit Working Group Meeting 8/28/13
Copyright 2013 by Competitive Assets, LLC.  All rights reserved

At the last meeting of the ERCOT credit groups, the members approved several protocol revision requests, raised the Point-to-Point Obligation discount, and heard a preview of revisions to the Exposure Calculations for Non-Load/Non-Generation Counter-Parties.  In spite of a long discussion, there was no agreement on how to calculate seasonal-adjustment factors; instead, additional comments will be drafted by NRG and others. To read more, please subscribe to ERCOT Monitor Reports. If you are interested in purchasing this ERCOT Monitor Reports issue, please click here. If you are interested in subscribing ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

ERCOT Retail Market Subcommittee (RMS) Meeting 8/21/13
Author: Margarita Fournier, Copyright 2013 by Competitive Assets, LLC.  All rights reserved.

POINTS OF INTEREST

  • The Vice Chair of the Retail Market Subcommittee (RMS) discussed the recent meeting of the committee/subcommittee leadership to review procedures of the Technical Advisory Committee (TAC), including which working-group actions are permissible and what constitutes an appealable action of TAC.   
  • She also reported that more than 6.5 million smart meters have been installed, and ERCOT is settling 96.5% (or, 6.2 million ESI IDs) of load with 15-minute-interval data.
  • ERCOT staff reported that in July, IT systems for Market Operations, Market Data Transparency, Retail Market, and Grid Operations met all of the Service Level Agreement (SLA) targets.
  • ERCOT staff’s request for an SLA exception to accommodate R5 Release, on 9/28-29/13, was discussed, but no action was taken. 
  • RMS considered Retail Market Guide Revision Request RMGRR115 (Manual Work-Around Processes to Be Utilized during Extended Retail Outages) and RMGRR116 (Updates to the Process for Acquisition Transfer Events).
  • The PUCT staff provided an update on Project No. 41111, related to smart-meter opt-out, noting that the changes will be implemented in 2014.
  • TXSET will hold several two-day meetings, starting in September, to work on Change Controls to accommodate the opt-out rule.
  • The PUCT staff also noted that there will meetings and a workshop on the low-income project managed by the TDSPs (Project No. 36234).  
  • It was reported that 21 Competitive Retailers participated in the flight test for Sharyland.
  • The Inadvertent Gains numbers have gone up from June to July.
  • ERCOT staff reported on the second quarter Performance Measures, which showed a small decline in a few areas (e.g., move-ins).
  • The Vice Chair of the Commercial Operations Subcommittee (COPS) explained that COPS devoted a significant part of its meeting to the discussion of further shortening the settlement timeline. 

To read more about the discussion in the meeting, subscribe to the ERCOT Monitor Reports. If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151.

ERCOT Wholesale Market Subcommittee (WMS) Meeting 8/14/13
Author: Margarita Fournier, Copyright 2013 by Competitive Assets, LLC.  All rights reserved.

POINTS OF INTEREST

  • The Wholesale Market Subcommittee (WMS) considered the following Nodal Protocol Revision Requests (NPRRs) and System Change Request (SCR):
    • NPRR548 (Remove NPRR153 Grey Boxes and Clarify Fixed Quantity Block Treatment in the Day-Ahead Market (DAM))
    • NPRR528 (Clarification of Assessment of Chronic Congestion)  
    • NPRR529 (Congestion Management Plan)
    • SCR774  (Enhancement to Outage Scheduler and Reports)
    • NPRR555 (Load Resource Participation in Security Constrained Economic Dispatch (SCED))
    • NPRR556 (Resource Adequacy during Transmission Equipment Outage)
  • ERCOT staff presented Emergency Response Service (ERS) Procurement Methodology, including the Other Binding Document for ERS Procurement Methodology, noting that additional revisions are possible. 
  • WMS and ERCOT staff discussed several upcoming workshops, including:
    • –   The shortening of settlement timeline – 8/29/13
    • –   ERS Procurement Methodology and 30-minute ERS – TBD
    • –   DC Tie Costs – TBD
    • –   NPRRs 528 and 529 – TBD
    • –   NPRR533 (Clarification of Pre-assigned Congestion Revenue Right (PCRR) Eligibility Requirements) – postponed, TBD.
  • Much of the meeting was taken up with the discussion of NPRR555, and other proposed load participation programs.  Together with NPRR555, WMS approved      specific values for X and Y and Other Binding Document (OBD) on ERCOT Requirements for Aggregate Load Resource (LR) Participation v1.
  • ERCOT staff also discussed a Draft NPRR on 30-Minute ERS, noting that a workshop will be scheduled.

To read more about the discussion in the meeting, subscribe to the ERCOT Monitor Reports. If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

ERCOT Commercial Operations Subcommittee (COPS) Meeting 8/13/13
Author: Margarita Fournier, Copyright 2013 by Competitive Assets, LLC.  All rights reserved.

POINTS OF INTEREST

  • The Chair of the Commercial Operations Subcommittee (COPS) reported about a recent meeting of the committee/subcommittee leadership to review procedures of the Technical Advisory Committee (TAC).
  • COPS devoted a significant part of the meeting to the discussion of further shortening the settlement timeline. 
  • COPS approved mostly non-substantive revisions to the COPS Procedures.
  • The Chair of CSWG reported that energy prices remain stable.
  • The Vice Chair of the Retail Market Subcommittee (RMS) reported that more than 6.5 million smart meters have been installed, and ERCOT is settling 96.5% (or, 6.2 million ESI IDs) of load with 15-minute-interval data.
  • ERCOT staff reported that in July, IT systems for Market Operations, Market Data Transparency, Retail Market, and Grid Operations met all of the Service Level Agreement (SLA) targets.
  • COPS considered the ERCOT staff’s request for an SLA exception. 
  • ERCOT staff presented an update on the Simultaneous Feasibility Test (SFT) Day-Ahead Market (DAM) Resettlements. 
  • The Chair of the Profiling Working Group said that the Annual Validation of Residential Profile IDs will be completed in November

To read more about the discussion in the meeting, subscribe to the ERCOT Monitor Reports. If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

Bonus Report: ERCOT Credit Working Group Meeting 7/31/13
Author: Margarita Fournier, Copyright 2013 by Competitive Assets, LLC.  All rights reserved.

At the 7/31/13 meeting, the joint ERCOT credit groups discussed a number of NPRRs for credit implications, the need to craft seasonally-adjusted factors to reflect credit exposure, and whether the Point-to-Point Obligation Discount should be changed or possibly eliminated.  In a long but inconclusive discussion they also addressed options for Estimated Aggregated Liability for traders. To read more about the discussion in the meeting, subscribe to the ERCOT Monitor Reports. If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151.

ERCOT Retail Market Subcommittee (RMS) Meeting 7/17/13
Author: Margarita Fournier, Copyright 2013 by Competitive Assets, LLC.  All rights reserved.

POINTS OF INTEREST

  • The Retail Market Subcommittee (RMS) considered Retail Market Guide Revision Request RMGRR115 (Manual Work-Around Processes to Be Utilized during Extended Retail Outages), with Oncor’s comments
  • RMS considered comments for Commercial Operations Market Guide Revision Request COPMGRR034 (Updates to the Market Notice Communication Process).
  • RMGRR111 (Process Updates for the Request of Historical Usage Data via Smart Meter Texas (SMT) Web Portal) remains tabled.
  • ERCOT staff reported that in June, IT systems for Market Operations, Market Data Transparency, and Grid Operations met all of the Service Level Agreement (SLA) targets. 
  • In June, there was a two-hour MarketTrak outage (6/18/13) and degradation of some retail processes (6/24-25/13).
  • ERCOT staff are planning a release for 7/27/13; it will start at 5:00PM, on Saturday.
  • A CNP representative reported that the utilities have installed over 6.5 million smart meters.  Only AEP and TNMP are still deploying meters.  ERCOT is settling 96.6% of load with 15-minute interval data.  
  • ERCOT staff reported that they’ve posted tips on how to manage meetings without the support of staff.
  • ERCOT staff reported that Flight Test 0613 is 90% complete.
  • ERCOT staff informed RMS that the ERCOT Board approved the shorter settlement timeline (i.e., seven days, to start on 8/1/13). 
  • The Inadvertent Gains numbers continue their downward trend.
  • ERCOT has delayed the Annual Validation files, and meetings are planned to discuss the new timeline.
  • A reminder to REPs: on 8/1/13, ERCOT will start accepting files, with information on REP Demand Response programs.  The provision of this information is mandatory

To read more about the discussion in the meeting, subscribe to the ERCOT Monitor Reports. If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

 

ERCOT Board of Directors (BOD) Meeting 7/16/13
Author: Margarita Fournier, Copyright 2013 by Competitive Assets, LLC.  All rights reserved.

POINTS OF INTEREST

  • The ERCOT Board approved on consent the following Nodal Protocol Revision Requests (NPRRs) and Planning Guide Revision Request (PGRR):

NPRR491 (Updated Demand Response (DR) Information for ERCOT)
NPRR513 (Removal of Nodal Implementation Surcharge)
NPRR515 (Day-Ahead Market (DAM) Self-Commitment of Generation Resources)
NPRR516  (Change to Verifiable Cost Manual Revision Process)
NPRR517 (Revisions to the Telemetry Standards and State Estimator Standards Approval Process)
NPRR522 (Adjustment of DR Performance for Distribution Losses)
NPRR523 (Available Credit Limit (ACLC and/or ACLD) Calculations during Computer System Failures)
NPRR525 (Elimination of Three-Year Expiration for Congestion Revenue Right (CRR) Auction Revenue Distribution Methodology)
NPRR526 (Frequency of Audit on ERCOT Model)
NPRR531  (Clarification of Intermittent Renewable Resource (IRR) Forecasting Process Posting Requirement)
PGRR027 (Analysis of Sub-synchronous Resonance Studies in Transmission Studies).

  • After a discussion about the recent shortfall in the CRR account, ERCOT staff were asked to report on potential improvements to the way outages are incorporated into the models.
  • The Board had on its agenda a proposal to increase the reserve margin from the current 13.75% to 16.1% (and also to increase the Effective Load Carrying Capability for wind), but the Board Chair declined to bring the item up for a vote.  He explained that questions have been raised about the way the Loss of Load Probability study was done, and asked for a report on the matter at the next meeting. 
  • The Chair of the Technical Advisory Committee (TAC) reviewed the Price Reversal Assignment Report, noting several ideas for preventing price reversals on which TAC did not find consensus.
  • The Board considered the following issues:

Phase 2, Implementation of NPRR509 (Shortened Real-Time Market (RTM) Settlement
Methodology for Setting Shadow Price Caps and Power Balance Penalty Curve
Extension of Fast Responding Regulation Service
Additional 30-Minute Emergency Response Service (ERS)
2014-2015 Biennial ERCOT Budget
Credit Parameters
Call for Special Meeting of Corporate Members
Designation of Additional Members of Benefits Committee.

To read more about the discussion in the meeting, subscribe to the ERCOT Monitor Reports. If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

ERCOT Technical Advisory Committee (WMS) Meeting 7/10/13
Author: Margarita Fournier, Copyright 2013 by Competitive Assets, LLC.  All rights reserved.

  • The Wholesale Market Subcommittee (WMS) considered the following Nodal Protocol Revision Requests (NPRRs):

NPRR541 (Special Protection System (SPS) and Remedial Action Plan (RAP) Modeling Clarification)
NPRR540 (Clarification of Credible Single Contingency)
NPRR542 (Clarification of the Use of Emergency Condition)
NPRR528 (Clarification of Assessment of Chronic Congestion)
NPRR529 (Congestion Management Plan)
NPRR555 (Load Resource Participation in Security-Constrained Economic Dispatch (SCED))
NPRR552 (Additional Counter-Party Criteria)
NPRR550 (Modifications to Planning Reserve Margin Inputs)
NPRR554 (Clarification of Future Credit Exposure Calculation)

To read more about the discussion in the meeting, subscribe to the ERCOT Monitor Reports. If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

ERCOT Technical Advisory Committee (TAC) Meeting 7/2/13
Author: Margarita Fournier, Copyright 2013 by Competitive Assets, LLC.  All rights reserved.

  • The Technical Advisory Committee (TAC) considered the following Nodal Protocol Revision Requests (NPRRs):

NPRR519 (Exemption of Emergency Response Service (ERS)-Only QSEs from Collateral and Capitalization Requirements)
NPRR538 (Clarification of the Non-Spin Energy Offer Curve Requirements for Quick Start Generation Resources (QSGRs))
NPRR539 (Amend Wholesale Storage Load Definition)

  • TAC heard an appeal by GDF Suez of the rejection of NPRR544 (Energy Offer Curve Requirements for Generation Resources Assigned Non-Spin Responsibility) by the Protocol Revision Subcommittee (PRS). 
  • TAC discussed issues related to Planning Guide Revision Request PGRR027 (Analysis of Sub-synchronous Resonance (SSR) Studies in Transmission Studies).
  • TAC spent quite some time agreeing on revisions to the combined comments (by NRG, CNP, and Luminant) on the document related to options for addressing price reversals, which will be presented to the ERCOT Board in July. 
  • The TAC members also reviewed changes to the ERCOT Bylaws.
  • From the report by the Wholesale Market Subcommittee (WMS), TAC considered Credit Parameters v2.
  • A Morgan Stanley representative asked that the credit groups review seasonal adjustment factors. 
  • The TAC members also discussed whether the Resource Adequacy Task Force ought to take up the question of a Texas capacity market
  • From the Reliability and Operations Subcommittee (ROS), TAC considered Nodal Operating Revision Request NOGRR112 (Synchronization with NPRR517, Revisions to the Telemetry Standards and State Estimator Standards Approval Process), Principles of Consistency, and NOGRR119 (Revisions to Load Shed Table).
  • ERCOT staff presented an update on the Fast Responding Regulation Service (FRRS) Pilot.       
  • The TAC Chair also suggested a broader re-examination of all AS; this may be discussed next month.
  • ERCOT staff presented information on the 30-minute ERS pilot.
  • From the report of the Commercial Operations Subcommittee (COPS), TAC considered Commercial Operations Market Guide Revision Request COPMGRR035 (Synchronization of Nodal Protocol Revision Request NPRR347 and NPRR509).

To read more about the discussion in the meeting, subscribe to the ERCOT Monitor Reports. If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

 

ERCOT Retail Market Subcommittee (RMS) Meeting 6/19/13
Author: Margarita Fournier, Copyright 2013 by Competitive Assets, LLC.  All rights reserved.

  • The members of the Retail Market Subcommittee (RMS) were informed that the Commercial Operations Subcommittee (COPS) approved “Phase 2, Implementation of NPRR509, Shortened Real-Time Market (RTM) Settlement.” The seven-day settlement timeline will start on 8/1/13.
  • The PUCT staff gave a brief update on the low-income project, managed by the TDSPs, for in-house displays in low-income households.
  • RMS approved new procedures for the Advanced Metering Working Group (AMWG).
  • RMS approved a number of Change Requests for AMWG..
  • RMS approved Texas Data Transport Working Group Implementation Guide, even though some of the revisions have already been implemented.
  • RMS left Retail Market Guide Revision Request RMGRR115 (Manual Work-Around Processes to Be Utilized during Extended Retail Outages) tabled.
  • RMS discussed Commercial Operations Market Guide Revision Request COPMGRR034 (Updates to the Market Notice Communication Process) and RMGRR111 (Process Updates for the Request of Historical Usage Data via SMT Web Portal).
  • A CNP representative reported that the utilities have installed about 6.5 million smart meters and that 96.3% of load is settled with 15-minute-interval data.  
  • The MarkeTrak Task Force (MTTF) held training in June, related to the Serena upgrade.
  • At its meeting, TDTWG reviewed several recent outages of the retail systems.
  • The Co-Chair of the Sharyland Transition Task Force (STTF) said that the group posted Frequently Asked Questions, which will be updated periodically.
  • The Chair of RMS reminded REPs that on 8/1/13, ERCOT will start accepting files, with information on REP Demand Response programs. 

To read more about the discussion in the meeting, subscribe to the ERCOT Monitor Reports. If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

ERCOT Wholesale Market Subcommittee (WMS) Meeting 6/12/13

  • The Wholesale Market Subcommittee (WMS) considered the following Nodal Protocol Revision Requests (NPRRs):
    NPRR535 (Resource Status Start-up – Shutdown)
    NPRR541 (Special Protection System (SPS) and Remedial Action Plan (RAP) Modeling Clarification)
    NPRR542 (Clarification of the Use of Emergency Condition)
    NPRR544 (Energy Offer Curve Requirements for Generation Resources Assigned Non-Spin Responsibility)
    NPRR528 (Clarification of Assessment of Chronic Congestion)
    NPRR529 (Congestion Management Plan)
    NPRR540 (Clarification of Credible Single Contingency)
    NPRR537 (Emergency Response Service (ERS) Clearing Price)
    NPRR524 (Resource Limits in Providing Ancillary Service)
    NPRR527 (Required Combined-Cycle Telemetry for Operational Awareness and Performance, Disturbance, Compliance Working Group (PDCWG) Analysis)
    NPRR532 (Performance Measurement and Verification and Telemetry Requirements for Load Resources Providing Non-Spin)
  • The Chair of the Generation Adequacy Task Force (GATF) presented a draft NPRR on “modifications to the planning reserve margin inputs.”   
  • ERCOT staff presented another update on the Fast Responding Regulation Service (FRRS) pilot.
  • ERCOT staff will file an administrative NPRR related to NPRR153 Pricing Impacts.
  • The Chair of CMWG reported that the group heard a presentation on a Congestion Revenue Right (CRR) shortfall for the month of May. 
  • WMS considered a change to the way seasonal resource costs (i.e., heat rates) are calculated.   
  • The Chair of the Market Credit Working Group (MCWG) reported on a proposal for limiting Letter of Credit (LOC) concentration.
  • The WMS members discussed the upcoming Value of Lost Load (VOLL) study.
  • ERCOT staff reported that they held a workshop on Loads in SCED (Security Constrained Economic Dispatch).

To read more about the discussion in the meeting, subscribe to the ERCOT Monitor Reports. If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

ERCOT Commerical Operations Subcommittee (COPS) Meeting 6/11/13

  • The Commercial Operations Subcommittee (COPS) considered Commercial Operations Market Guide Revision Request COPMGRR035 (Synchronization of Nodal Protocol Revision Request NPRR347 and NPRR509) and its impacts.
  • COPS also considered “Phase 2, Implementation of NPRR509,Shortened Real-Time Market (RTM) Settlement.”
  • The Vice Chair of the Retail Market Subcommittee (RMS) presented an update on the smart-meter installations. 
  • She also reported on the work of: (a) the Sharyland Transition Task Force; and (b) System Change Request SCR756.
  • ERCOT staff reported on the performance on the IT systems in May. 
  • ERCOT staff reported on a settlement issue related to leaky energy at Presidio.
  • ERCOT staff also discussed issues with the posting of June Congestion Revenue Right (CRR) Auction Invoice.    
  • The staff also revealed that there was a shortfall for CRRs, starting in May (and possibly April).  
  • The staff presented a review of holiday days, as a part of an effort to switch to NERC holidays.
  • The Chair of the Profiling Working Group said that the annual Unaccounted for Energy (UFE) analysis has been posted.
  • The Market Information System User Group (MISUG) will meet to discuss eliminating certain manually produced ERCOT report

To read more about the discussion in the meeting, subscribe to the ERCOT Monitor Reports. If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

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ERCOT Technical Advisory Committee (TAC) Meeting 6/6/13

At its 6/6/13 meeting, the Technical Advisory Committee voted to raise the planning reserve margin to 16.1%, rejecting a  compromise proposal for 15%.  The TAC members also rejected the latest revision request to address price reversals.  To follow these issues and learn about the reasons behind these decisions, subscribe to the ERCOT Monitor Reports.  If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

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ERCOT Board of Directors Meeting 5/14/13

The ERCOT Board denied the appeal by Citi of the rejection of NPRR444 (Supplemental Reliability Deployments), but asked the Technical Advisory Committee to come back with options on addressing price reversals.  The Board also heard exhaustive reports on steps taken to alleviate West Zone congestion, the hurricane season, and Fast Responding Regulation Service. (To read more, subscribe to the ERCOT Monitor Reports). If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

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ERCOT RMS Meeting 5/15/13

It was reported at the Retail Market Subcommittee that the utilities have installed over 6.5 million smart meters and that 96.3% of load is settled with 15-minute-interval data.  The MarkeTrak Task Force (MTTF) is planning additional training in June, related to the Serena upgrade.  (To read more, subscribe to the ERCOT Monitor Reports). If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

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ERCOT Technical Advisory Committee (TAC) Meeting 5/2/13

At its May meeting, the TAC members addressed several contentious issues, resulting in lengthy and heated discussions.  Most controversial was the appeal by Citigroup of the rejection of NPRR444 (Supplemental Reliability Deployments), but deciding the values for a new competitive-constraint test and agreeing on a solution for high congestion costs in the West Zone was not much easier.(To read more, subscribe to the ERCOT Monitor Reports). If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

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ERCOT WMS Meeting 4/12/13

At the  Meeting on 4/12/13, The ERCOT Wholesale Market Subcommittee approved raising the target reserve margin to 16.1% (from 13.75%), and raising the Effective Load Carrying Capability (ELCC) for coastal wind to 32.9% and non-coastal to 14.2%..(To read more, subscribe to the ERCOT Monitor Reports). If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

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ERCOT COP Meeting 4/9/13

At the ERCOT Commercial Operations Committee (COP) meeting on 4/9/13, members discussed the new Real-Time Market (RTM) settlement, and the need to set up conference calls to discuss related issues.  Potential problems centered on the availability and accuracy of settlement data.(To read more, subscribe to the ERCOT Monitor Reports).If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

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ERCOT CWG/MCWG Meeting 4/22/13

At the recent CWG/MCWG meeting, ERCOT staff presented the latest proposal to limit the number of Letters of Credit per financial institution.  The two groups also discussed, but did not resolve, revised Day-ahead Market parameters.(To read more, subscribe to the ERCOT Monitor Reports). If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

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ERCOT Wholesale Market Subcommittee(WMS) Meeting 5/8/13

The Wholesale Market Subcommittee considered several Nodal Protocol Revision Requests (NPRRs) related to the Emergency Response Service (ERS), and finally endorsed NPRR519 on ERS-only QSEs and NPRR536, limiting the ERS load deployment times.  ERCOT staff informed WMS that they will be contacting generators to gather missing data in the Resource Asset Registration Forms (RARFs) as part of the project to improve the RARF process. (To read more, subscribe to the ERCOT Monitor Reports). If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

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ERCOT Commercial Operations Subcommittee (COPS) Meeting 5/07/13

At the May COPS meeting, the participants discussed that the shorter, eight-day timeline does not seem to pose any problems, paving the way for a switch to a seven-day settlement.  The COPS members were cautious, however, and considered doing the seven-day settlement as a pilot first.  (To read more, subscribe to the ERCOT Monitor Reports). If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151.

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ERCOT Board of Directors Meeting 3/19/13

The Board heard the first presentation from the newly hired ERCOT meteorologist.  The Independent Market Monitor reported that, as compared with 2011, average energy prices in ERCOT dropped 47% in 2012, and natural-gas prices were 31% lower.  (To read more, subscribe to the ERCOT Monitor Reports).If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

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ERCOT Retail Market Subcommittee Meeting 3/20/13

The ERCOT RMS heard a PUCT staff update on the Advanced Metering Implementation Team, noting that it is now closed and the Advanced Metering Working Group will replace it.  The Smart Meter Texas staff said that the portal may be renamed, and that some design features may be revised.  (To read more, subscribe to the ERCOT Monitor Reports.) If you are interested in purchasing this EMR issue, please click here. If you are interested in subscribing the ERCOT Monitor Reports, please click here or call Competitive Assets at 512-581-0151

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    ERCOT's Technical Advisory Committee (TAC) Meeting 8/25/16

    At the August Technical Advisory Committee meeting, participants considered a number of revision requests, heard an update on the Smart Meter Texas efforts, and noted the growth of unregistered distributed generation in several load zones.

    For more about the meeting, Please click here.

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