NOTICE DATE: March 19, 2013
NOTICE TYPE: M-B031913-01 NPRR
SHORT DESCRIPTION: Implementation details for NPRR521
INTENDED AUDIENCE: CRR Account Holders
DAY AFFECTED: April 1, 2013
LONG DESCRIPTION: On April 1, 2013, Nodal Protocol Revision Request (NPRR) 521, Transitional CRR Auction Capacity Value for Initial CRR Long-Term Auction Sequence, shall become effective. NPRR521, which was
approved by the ERCOT Board on March 19, 2013, increases
the Congestion Revenue Right (CRR) Auction Capacity for the first six-month portion of the initial CRR Long-Term Auction Sequence from 60% to 70%. This change will only be effective for the initial CRR Long-Term Auction Sequence (CRRs for July – December 2013),
in order to mitigate potential system and market issues during the transition.
The key dates and activities for the initial auction sequence are below.
·
Long-Term Auction Sequence 1 (CRRs for July – December 2013)
o
Post Network Model – April 2, 2013
o
Post Auction Notice and open Credit Window – April 10, 2013
o
Credit Lock – April 29, 2013
o
Bid submission open – April 30, 2013
o
Bid submission close – May 2, 2013
o
Results posted – May 16, 2013
Monthly auction activities have not been changed and will continue to run in parallel to the CRR Long-Term Auction Sequences.
ADDITIONAL INFORMATION:
NPRR521 and associated documents can be found on the ERCOT website, under Market Rules, at
http://www.ercot.com/mktrules/issues/nprr/501-525/521/index.
The 2013-2014 CRR Activity Calendar is located on the Market Information/Congestion Revenue Rights webpage at
http://www.ercot.com/mktinfo/crr/, and on the Markets/CRR landing page on the Market Information System (MIS), under CRR Information, at
https://mis.ercot.com/pps/tibco/mis/Pages/Market+Information/CRR. An ERCOT digital certificate is required to access the MIS.
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].
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