NOTICE DATE: November 24, 2010
NOTICE TYPE: M-B112410-01 CRR
SHORT DESCRIPTION: January 2011First Six Months CRR Auction
INTENDED AUDIENCE: CRR Account Holders
DAYS AFFECTED: November 24 - December 10, 2010
LONG DESCRIPTION: ***This Market Notice relates to the production First Six Months CRR Auction*** Credit Submission for the January 2011 First Six Months CRR Auction began at 00:00:01 CPT on November 24, 2010, and will close at 17:00:00 CPT on December 6, 2010.
Per Section 7.5.2 (3) of the ERCOT Nodal Protocols, ERCOT will enforce a volume limitation of 10,000 market transactions (bids and offers) per account holder. The CRR Auction Bid window opens at 00:00:01 CPT on December 7, 2010, and closes at 17:00:00 CPT on December 9, 2010.
Per Section 7.5.2 (3)(c), if the total number of bids submitted for the auction exceeds 200,000, a second round of bid submissions will be required. CRR Account Holders will be notified via Operator Message. Account Holders whose bids and offers exceed the maximum number of allowable bids/offers determined for the second round will have their portfolios removed from the auction and will be required to resubmit a new portfolio with the total number of bids less than or equal to the second round bid limit. The current bid/offer limit for the second round of the January 2011 First Six Months Auction is set at 1706. Note that this limit is subject to change prior to the running of the auction. The final maximum allowable bids/offers will be listed in the Operator Message should a second auction be necessary.
This second auction, if needed, will be open from 18:00:00 CPT on December 9, 2010, until 12:00:00 CPT on December 10, 2010.
ADDITIONAL INFORMATION: The Baseload CRRs used for the January 2011 First Six Months CRR Auction may be found in the Monthly Auction Notice folder on the CRR Market Information System (MIS) site at: https://mis.ercot.com/pps/tibco/mis/Pages/Market+Information/CRR.
Specifications for the equipment and interfaces necessary to participate in the CRR Auction are included in the CRR Market User Interface Specifications document, which may also be found on the MIS, under Markets/CRR: https://mis.ercot.com/pps/tibco/mis/Pages/Market+Information/CRR.
Note that all future CRR Auction Notices will be posted on MIS and http://www.ercot.com/mktinfo/crr/ and will not be distributed by ERCOT as a standard Market Notice.
The ERCOT Board-approved values for A and M as referenced in Nodal Protocols Section 188.8.131.52 (1) (a) (iii) are currently set at $.75/MWh and 0 respectively.
CONTACT: If you have any questions, please contact your ERCOT Account Manager. You may also call the general ERCOT Client Services phone number at (512) 248-3900 or contact the ERCOT CRR Team via email at [log in to unmask]<mailto:[log in to unmask]>.
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