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NOTICE DATE:  January 8, 2018
NOTICE TYPE:  M-A010818-01 Education/Training
SHORT DESCRIPTION:  ERCOT to provide a credit training workshop related to the implementation of Nodal Protocol Revision Requests (NPRRs) 683, 743, 760, and 800
INTENDED AUDIENCE:  CRRAH and QSE credit and settlement personnel
DAY AFFECTED:  January 17, 2018
LONG DESCRIPTION:  ERCOT has scheduled a credit workshop related to the implementation of the NPRRs referenced above. This workshop is intended for credit and/or settlement representatives of ERCOT CRR Account Holders (CRRAHs) and Qualified Scheduling Entities (QSEs) wanting a general knowledge of the changes to the current credit calculations based on the implementation of NPRRs 683, 743, 760, and 800. The course is open to the public as well, subject to space availability.

ACTION REQUIRED:  Onsite training room capacity is limited to 40 people. ERCOT cannot guarantee in-person access to the session without prior registration. Webex is available for all who wish to log in remotely. The deadline to register is Monday, January 15, 2018.

If you are planning on attending in-person, please register for the course via ERCOT's Learning Management System<https://urldefense.proofpoint.com/v2/url?u=https-3A__www2.virtualtrainingassistant.com_Ercot_LearnerConnection_Security_Logon.aspx&d=DwIFAg&c=trp9rTvIdyEWh1VWB5x8_2JiPaB5oGZOtWPDws2_VoY&r=WxZDnpWjtPCVthiJ0B0Rc0ZuqzUd-gx5Ft7QghPzbsw&m=5u6j7dACHxMLgA9yXwl2bEpqYeUZd2D_lI8unCn_s7E&s=ZhXo2TCc10nf8S-mxowVuXguXvktnxVPK_mVXn4qb5c&e= > (LMS). If this is the first time you are accessing the LMS, you will need to create an account. Click here<https://urldefense.proofpoint.com/v2/url?u=https-3A__www2.virtualtrainingassistant.com_Ercot_LearnerConnection_Security_Logon.aspx&d=DwIFAg&c=trp9rTvIdyEWh1VWB5x8_2JiPaB5oGZOtWPDws2_VoY&r=WxZDnpWjtPCVthiJ0B0Rc0ZuqzUd-gx5Ft7QghPzbsw&m=5u6j7dACHxMLgA9yXwl2bEpqYeUZd2D_lI8unCn_s7E&s=ZhXo2TCc10nf8S-mxowVuXguXvktnxVPK_mVXn4qb5c&e= > and press "I am a new student" to create a new account.  Then, click the "Create My Account' link. Once your account has been created, click Go To Logon Page and put in the LOGON ID and PASSWORD you just created and you will be directed to the My Plan page.  Located up on the top left side is Menu, please click it, then press Course Catalog and you will see WKS - Workshops CTW - Credit Trning Wrkshp.  Click on it, then click on 'See Schedule" and press register.  You will then be signed up for class.
Credit Training Workshop<http://www.ercot.com/services/training/course/145228>

January 17, 2018

1:00 p.m. - 4:00 p.m.

ERCOT<https://urldefense.proofpoint.com/v2/url?u=https-3A__www.google.com_maps_place_7620-2BMetro-2BCenter-2BDr-2C-2BAustin-2C-2BTX-2B78744_-4030.2162694-2C-2D97.6944953-2C17z_data-3D-213m1-214b1-214m5-213m4-211s0x8644b6aea92d89c1-3A0x217fa3e1e0d52115-218m2-213d30.2162694-214d-2D97.6923013&d=DwIFAg&c=trp9rTvIdyEWh1VWB5x8_2JiPaB5oGZOtWPDws2_VoY&r=WxZDnpWjtPCVthiJ0B0Rc0ZuqzUd-gx5Ft7QghPzbsw&m=5u6j7dACHxMLgA9yXwl2bEpqYeUZd2D_lI8unCn_s7E&s=f6Tc3BDGkhpVmTLl_iott5oQUH1N7knatsPaSi8nfLE&e= >
4620 Metro Center Dr.
Austin, TX 78744
Room: 206A

WebEx Link: WebEx Conference<https://urldefense.proofpoint.com/v2/url?u=https-3A__ercot.webex.com_mw3100_mywebex_default.do-3Fsiteurl-3Dercot&d=DwIFAg&c=trp9rTvIdyEWh1VWB5x8_2JiPaB5oGZOtWPDws2_VoY&r=WxZDnpWjtPCVthiJ0B0Rc0ZuqzUd-gx5Ft7QghPzbsw&m=5u6j7dACHxMLgA9yXwl2bEpqYeUZd2D_lI8unCn_s7E&s=ter0l6EOEPGtdLRv_1yzwxzf64kyWOnkKMIEjdajL2M&e= >
Meeting Number: 623 004 555
Meeting Password: MPibU825

Audio Dial-In:  1- 877-668-4493



A high-level agenda of the topics can be found on the ERCOT training webpage at http://www.ercot.com/services/training/course/145228.  Presentations used in the ERCOT Credit Training Workshop will also be posted to the training webpage approximately five days before the training date. ERCOT will not be providing printed training materials to onsite attendees. However, wireless internet access will be available at the training location.

ADDITIONAL INFORMATION:  Details of the NPRRs are contained in the Market Notice M-B010518-01 provided below.
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 a public 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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NOTICE DATE:  January 5, 2018
NOTICE TYPE:  M-B010518-01 Financial/Credit
SHORT DESCRIPTION:  Implementation Details for NPRR683, NPRR743, NPRR760, and NPRR800
INTENDED AUDIENCE:  ERCOT Counter-Parties
DAY AFFECTED:  February 7, 2018

LONG DESCRIPTION:  On February 7, 2018, ERCOT will implement Nodal Protocol Revision Request (NPRR) 683, Revision to Available Credit Limit Calculation, NPRR743, Revision to MCE to Have a Floor for Load Exposure, NPRR760, Calculation of Exposure Variables For Days With No Activity, and NPRR800, Revisions to Credit Exposure Calculations to Use Electricity Futures Market Prices.

NPRR683 revises the calculation of Available Credit Limit for the CRR Auction (ACLC) and Available Credit Limit for the DAM (ACLD) by replacing the existing 10% discount to the ACL with a 10% gross up of the sum of the Total Potential Exposure Any (TPEA) and the Total Potential Exposure Secured (TPES).

NPRR743 revises the Minimum Current Exposure (MCE) calculation to maintain a floor for Load exposure.

NPRR760 helps to rationalize the RTLE, URTA, and DALE credit variables, as today minimal activity approaching zero is accounted for in the exposure variables, but zero activity is not.

NPRR800 revises the Real-Time Liability Extrapolated (RTLE) and Day-Ahead Liability Extrapolated (DALE) factors used in the Counter-Party Estimated Aggregate Liability (EAL) and Minimum Current Exposure (MCE) calculations to use electricity futures mark-to-market prices for estimating forward risk.
Changes to credit reports and links are listed below:
Estimated Aggregate Liability (EAL) Summary Report (EMIL ID NP16-665-SG, Report Id 13003):

*         Added RFAF*, DFAF* columns in the EALQ(EAL for QSEs) Summary section

*         Added RFAF*, DFAF* columns in the EALA(EAL for CRRAHs) Summary section

*         Added Forward Adjustment Factors Summary Report

Estimated Aggregate Liability (EAL) Detail Report (EMIL ID NP16-669-SG, Report Id 11179):

*         Added RFAF, DFAF columns, updated column name from Max(IEL, MAXRTLE, RTLF)+DALE to Max(IEL, RFAF*MAXRTLE, RTLF)+DFAF*DALE in the EAL for QSEs section

*         Added RFAF, DFAF columns in the EAL for QSEs section

Minimum Current Exposure (MCE) Summary Report (EMIL ID NP16-678-SG, Report Id 13092):

*         Added RFAF, MAF to MCE Operating Day Summary section column header

*         Added Exposure of Load($) column to MCE Operating Day Summary section

*         Added RFAF, MAF to MCE Summary section column header

*         Added Exposure of Load($) column to MCE Summary section

MIS link name "Future Credit Exposure for CRR PTP Obligations Portfolio Summary Report" will change to "Future Credit Exposure for CRR PTP Obligations (FCEOBL) Summary Report" (EMIL ID NP16-681-SG, Report ID 13106)
MIS link name "Future Credit Exposure for CRR PTP Options Portfolio Summary Report" will change to "Future Credit Exposure for CRR PTP Options (FCEOPT) Summary Report" (EMIL ID NP16-682-SG, Report ID 13107).

ADDITIONAL INFORMATION:  Pursuant to Nodal 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.

NPRR683<http://www.ercot.com/mktrules/issues/NPRR683>, NPRR743<http://www.ercot.com/mktrules/issues/NPRR743>, NPRR760<http://www.ercot.com/mktrules/issues/NPRR760>, and NPRR800<http://www.ercot.com/mktrules/issues/NPRR800> and associated documents can be found on the ERCOT website.
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 a public 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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