NOTICE DATE: May 26, 2022
NOTICE TYPE: W-A052622-01 Settlements
SHORT DESCRIPTION: Default Uplift Invoices for Non-Period of Emergency short-pays
INTENDED AUDIENCE: QSE and CRRAH Settlement Personnel
DAY AFFECTED: Default Uplift Invoices posting on May 27, 2022
LONG DESCRIPTION: As referenced in Market Notice M-C052022-01 – Settlements, there are currently outstanding $1,235,113.21 in short-pays for periods outside the Period of Emergency (i.e. the Non-Period of Emergency). Accordingly, Default Uplift Invoices are being issued to ERCOT Qualified Scheduling Entities (QSEs) and CRR Account Holders (CRRAHs) for this Non-Period of Emergency amount in accordance with ERCOT Protocol Section 9.19 and consistent with the process filed with the PUC (http://interchange.puc.texas.gov/Documents/51812_243_1210464.PDF).
ERCOT Protocol Section 9.19(1)(e), Partial Payments by Invoice Recipients, provides:
If sufficient funds continue to be unavailable for ERCOT to pay all amounts in full to short-paid Entities for that Settlement Invoice and the short-paying Entity is not complying with a payment plan designed to enable ERCOT to pay all amounts in full to short-paid Entities, ERCOT shall uplift short-paid amounts through the Default Uplift process described below in Section 9.19.1 and Section 9.19.2, Payment Process for Default Uplift Invoices.
On May 27, 2022, ERCOT will issue Default Uplift Invoices totaling $1,235,113.21 to QSEs and CRRAHs under the methodology set forth in ERCOT Protocol Section 9.19.1, Default Uplift Invoices. The table below provides a breakdown of the amounts being uplifted.
| Reference Month based on Invoice due date |
Market Participant |
Amount to Uplift |
Amount to Uplift for the month |
| Feb-21 |
ENTRUST ENERGY INC (QSE) |
478,143.78 |
|
| Feb-21 |
ENTRUST ENERGY INC (SQ1) |
131.80 |
|
| Feb-21 |
GRIDDY ENERGY LLC 1 (QSE) |
64,512.87 |
|
| Feb-2021 Total |
|
|
542,788.45 |
| Mar-21 |
ENTRUST ENERGY INC (QSE) |
513,896.75 |
|
| Mar-21 |
ENTRUST ENERGY INC (SQ1) |
5,927.25 |
|
| Mar-21 |
GRIDDY ENERGY LLC 1 (QSE) |
1,435.12 |
|
| Mar-21 |
POWER OF TEXAS HOLDINGS INC VIRTUAL (QSE) |
15.65 |
|
| Mar-2021 Total |
|
|
521,274.77 |
| Apr-21 |
ENTRUST ENERGY INC (QSE) |
150,699.34 |
|
| Apr-21 |
ENTRUST ENERGY INC (SQ1) |
7,320.55 |
|
| Apr-21 |
GRIDDY ENERGY LLC 1 (QSE) |
9,502.04 |
|
| Apr-2021 Total |
|
|
167,521.93 |
| Jul-21 |
ENTRUST ENERGY INC (QSE) |
1,194.77 |
|
| Jul-21 |
ENTRUST ENERGY INC (SQ1) |
0.14 |
|
| Jul-21 |
GRIDDY ENERGY LLC 1 (QSE) |
8.69 |
|
| Jul-2021 Total |
|
|
1,203.60 |
| Aug-21 |
ENTRUST ENERGY INC (QSE) |
2,202.06 |
|
| Aug-21 |
ENTRUST ENERGY INC (SQ1) |
117.39 |
|
| Aug-21 |
GRIDDY ENERGY LLC 1 (QSE) |
5.01 |
|
| Aug-2021 Total |
|
|
2,324.46 |
| TOTAL |
|
|
1,235,113.21 |
Payments for Default Uplift Invoices sent to all QSEs and CRRAHs, except as discussed in the next sentence, are due on June 6, 2022, i.e., five Bank Business Days after the Default Uplift Invoice date. Due to ongoing activities in the Brazos Electric Power Co-op Inc. (Brazos) bankruptcy proceeding, ERCOT does not expect to receive payment at this time for certain amounts allocated to Brazos. As a result, absent short-pays by any other QSEs or CRRAHs, ERCOT anticipates collecting $1,226,351.08 in payments of Default Uplift Invoices by June 6, 2022.
After receipt of these payments, ERCOT will distribute the funds to previously short-paid Entities, starting with the oldest invoice. ERCOT will provide a Market Notice for each day that disbursements are made.
ACTION REQUIRED: Payments for Default Uplift Invoices are due on June 6, 2022.
ADDITIONAL INFORMATION: The Default Uplift Invoices can be found in the Market Information System (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 ERCOT Client Services via email at [log in to unmask].
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