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 7.5.5.3 (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].
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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