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NOTICE DATE:  February 24, 2021

NOTICE TYPE:  W-A022421-01 Settlements

SHORT DESCRIPTION:  Short payments for failure to make Invoice payments by Market Participants

INTENDED AUDIENCE:  QSE and CRRAH settlement personnel

DAY AFFECTED:  Settlement Invoices due for payout on February 23 and 24, 2021

LONG DESCRIPTION:  Qualified Scheduling Entities (QSEs) and Congestion Revenue Right Account Holders (CRRAHs) that are owed monies from ERCOT on Settlement Invoices due for payout on February 23 and 24, 2021, will notice that the amount of funds transferred is short of the balance payable on the Settlement Invoices. Please note that Settlement Invoices originally scheduled for payout on February 23, 2021, will be paid on February 24, 2021. This Notice is intended to advise Market Participants that ERCOT will follow the short payment procedure in accordance with Protocol Section 9.19, Partial Payments by Invoice Recipients.

The short payment procedure is being followed because some Market Participants failed to make full payments for Settlement Invoices that were due on February 23, 2021.  ERCOT has initiated the process of drawing from available Financial Security provided by these short-paying Market Participants. 

Per Protocol Section 9.19, ERCOT will deduct any applicable ERCOT Administrative fees, payments for Reliability-Must-Run (RMR) services, and the CRR Balancing Account from the amount received, and then reduce payments to all Invoice recipients that are owed monies. The reductions will be made on a pro rata basis of monies owed to each ERCOT creditor for this Invoice to the extent necessary to clear ERCOT's accounts on the payment date to ensure revenue neutrality for ERCOT.

Payout Date in Invoice:  

February 23, 2021

Invoice Payout Date:  

February 24, 2021

Operating Dates:

DAM 02/16/2021

 

RTM Initial 02/13/2021

 

RTM Final 12/25/2020

 

RTM Trueup 08/22/2020

Total Amount Short to Market:    

$11,752,978.62

Total Amount Paid Out to Market:

$1,626,011,621.56

 

Invoice Payout Date:  

February 24, 2021

Operating Dates:

DAM 02/17/2021

 

RTM Initial 02/14/2021

 

RTM Final 12/26/2020

 

RTM Trueup 08/23/2020

Total Amount Short to Market:    

$16,601,147.28

Total Amount Paid Out to Market:

$2,150,514,457.93

 

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 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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