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Subject:
M-A082013-01 Revision to M2 Credit Parameter
From:
ERCOT Client Services <[log in to unmask]>
Date:
Tue, 20 Aug 2013 19:12:51 +0000
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NOTICE DATE:  August 20, 2013
NOTICE TYPE:  M-A082013-01 Financial/Credit
SHORT DESCRIPTION:  Revision to M2 Credit Parameter
INTENDED AUDIENCE:  Counter-Parties
DAY AFFECTED:  September 1, 2013
LONG DESCRIPTION:  Protocol Section 16.11.4.1, Determination of Total Potential Exposure for a Counter-Party, defines the Multiplier for URTA (Unbilled Real Time Amount) which provides for unbilled historical activity based on historical activity.  It also provides that the multiplier will be recommended by TAC and approved by the ERCOT Board.
The current multiplier for URTA, M2, is 12 days. To accommodate the reduction in the Real Time Market Settlement timeline resulting from the implementation of NPRR509, Shortened RTM Settlement Timeline, on July 16, 2013, the ERCOT Board approved reducing the Multiplier for URTA, M2, from 12 to 10 days effective September 1, 2013.
ADDITIONAL INFORMATION:  Pursuant to Protocol Section 21.6, Nodal Protocol Revision Implementation, ERCOT is required to provide notice as soon as practicable, but no later than ten days prior to implementation.
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 ERCOT Client Services via email at [log in to unmask]<mailto:[log in to unmask]>.
If you are receiving email from an ERCOT distribution list that you no longer wish to receive, please follow this link in order to unsubscribe from this list: http://lists.ercot.com.




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