NOTICE DATE: October 15, 2013
NOTICE TYPE: M-A072413-05 NPRR
SHORT DESCRIPTION: Additional implementation details for NPRR484 and NPRR554
INTENDED AUDIENCE: Credit personnel for CRR Account Holders and Counter-Parties
DAY AFFECTED: October 16, 2013
LONG DESCRIPTION: On October 21, 2013, ERCOT will implement Phase 1A
of Nodal Protocol Revision Request (NPRR) 484, Revisions to Congestion Revenue Rights Credit Calculations and Payments and NPRR554, Clarification of Future Credit Exposure Calculation.
As a result, Counter-Parties’ Future Credit Exposure (FCE) may change.
For some Counter-Parties, change in FCE may result in a reduction of Available Credit Limit for CRR Auction (ACLC) and Available Credit Limit for DAM (ACLD). ERCOT will publish the following daily summary reports on the MIS Certified area
starting on October 16, 2013:
·
“Future Credit Exposure for CRR PTP Obligations Portfolio Summary Report”
o
Publishes calculations related to Future Credit Exposure for CRR PTP Obligations (FCEOBL) at a summary level. This report replaces the current “Future Credit Exposure for CRR PTP
Obligations (FCEOBL) Summary Report”
·
“Future Credit Exposure for CRR PTP Options Portfolio Summary Report”
o
Publishes calculations related to Future Credit Exposure for CRR PTP Options (FCEOPT) at a summary level. This report replaces the current “Future Credit Exposure for CRR PTP Options
(FCEOPT) Summary Report”
Even though changes to credit calculations according to NPRR 484/NPRR554 will not become effective until October 21, 2013, the new Future Credit Exposure Summary reports being published prior to the effective date may provide guidance to
Market Participants regarding their collateral requirements.
Any additional collateral required to be available for the Day-Ahead Market run on October 22, 2013 for the Operating Day of October 23, 2013 must be received by ERCOT by noon on Monday, October 21, 2013.
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].
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.
_____________________________________________________________________________
NOTICE DATE: October 11, 2013
NOTICE TYPE: M-A072413-04 NPRR
SHORT DESCRIPTION: Additional implementation details for NPRR484 and NPRR554
INTENDED AUDIENCE: CRR Account Holders and Counter-Parties
DAY AFFECTED: October 21, 2013
LONG DESCRIPTION: On October 21, 2013, ERCOT will implement Phase 1A
of Nodal Protocol Revision Request (NPRR) 484, Revisions to Congestion Revenue Rights Credit Calculations and Payments and NPRR554, Clarification of Future Credit Exposure Calculation. There
will be several new postings associated with Phase 1A, as detailed in this Market Notice.
ERCOT has posted the following reports to aid in shadowing the calculation of credit exposure to the
Credit page of the ERCOT website.
·
“DAM Settlement Point Prices”
o
One time posting of historical Day-Ahead Market (DAM) Settlement Point Prices since the opening of the nodal market
·
“DAM Proxy Settlement Points”
o
Used to determine DAM Settlement Point Prices for Settlement Points that have been added since the opening of the nodal market
DAM Settlement Point Prices for more recent Operating Days can be found on the “DAM Settlement Point Prices” report on the
Day-Ahead Market page of the ERCOT website. This is not a new report associated with this implementation.
The following reports will be posted to the
CRR page of the ERCOT website two Business Days prior to the credit lock for each applicable CRR Auction:
·
“Annual Path Specific Adders”
o
The path-specific adders for the CRR Long-Term Auction Sequence ACP, ACI99 and S values
·
“Monthly Path Specific Adders”
o
The path-specific adders for the CRR Monthly Auction ACP, ACI99 and S values
Additionally, the following daily summary reports will be posted on the MIS Certified area:
·
“Future Credit Exposure for CRR PTP Obligations Portfolio Summary Report”
o
Publish FCEOBL related calculations at a summary level; replaces the current “Future Credit Exposure for CRR PTP Obligations (FCEOBL) Summary Report”
·
“Future Credit Exposure for CRR PTP Options Portfolio Summary Report”
o
Publish FCEOPT related calculations at a summary level; replaces the current “Future Credit Exposure for CRR PTP Options (FCEOPT) Summary Report”
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].
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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