NOTICE DATE:  June 16, 2011
NOTICE TYPE:  M-A061611-01 CRR
SHORT DESCRIPTION:  CRR application submission defects
INTENDED AUDIENCE:  CRR Account Holders
DAY AFFECTED:  June 16, 2011

LONG DESCRIPTION:  Market Participants have experienced two issues when offering Congestion Revenue Rights (CRRs) obtained in the Balance of Year Auction, or Pre-Assigned CRR allocations, into the July 2011 Monthly CRR Auction. The root causes and corrections for the defects are being investigated, but a workaround exists for both issues. The defects are as follows:

*         Portfolios containing large numbers of SELLs do not save properly, and

*         Portfolios containing more than one SELL related to a given CRR do not save properly.

Until a correction is implemented for these defects, please ensure that your CRR portfolios contain no more than 20 SELLs and contain no more than one SELL related to a given CRR.

For example, should a Market Participant wish to submit 50 offers, they would need to do so in three portfolios. Also, if a Market Participant had a 30 MW CRR and wished to offer 10 MW at $1/MWh, 11 MW at $2/MWh and 9 MW at $3/MWh, they would need to submit three portfolios.
ADDITIONAL INFORMATION:  Please note that the bid window for the July 2011 Monthly CRR Auction is scheduled to close today at 17:00 CDT.
Note that no issues have been observed relating to BUY submissions.
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]>.
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<http://lists.ercot.com/>.




dh




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