NOTICE DATE: March 19, 2021
NOTICE TYPE: W-C031921-01 Settlements
SHORT DESCRIPTION: Allocation of Funds Received from Short Paying Invoice Recipients
INTENDED AUDIENCE: QSE and CRRAH Settlement Personnel
DAY AFFECTED: Settlement Invoices with a payout date of February 26, 2021
LONG DESCRIPTION: ERCOT has received payment for some Settlement Invoices that were short- paid on February 25, 2021, and due for payout on February 26, 2021.
As noted in Market Notice W-B030121-03, some Qualified Scheduling Entities (QSEs) and Congestion Revenue Right Account Holders (CRRAHs) were under-shorted on the initial payout of the February 26, 2021 Invoice, and consequently, received payments in excess of the amounts due to them. These under-shorted amounts were corrected by reducing payments on Invoices with a payout date of March 1, 2021, and by issuing Miscellaneous Invoices on March 2, 2021. Therefore, the allocation of funds received from short- paying Invoice Recipients for February 26, 2021 Invoices will be based on a balance that has been corrected for the recovery of the under-shorted amounts. ERCOT has updated the previously posted detail reconciling the short-paid amounts across these Invoices and will post the updated detail for each affected QSE/CRRAH on the MIS Secure Area, in the Requested Information folder.
ERCOT will be issuing additional payments to affected QSEs and CRRAHs as follows:
| Subsequent Payout Date: |
March 19, 2021 |
| Invoice Date: |
February 23, 2021 |
| Total Amount Originally Shorted to Market: |
$1,316,581,108.43 |
| Total Amount of Subsequent Payout to Market: |
$211,280,798.03 |
ADDITIONAL INFORMATION: Please review the ERCOT website for previous Market Notices related to this subject.
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].
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