NOTICE DATE: June 1, 2022

NOTICE TYPE: M-A060122-01 Financial / Credit

SHORT DESCRIPTION: Error Identified in Calculation of Point-to-Point (PTP) Obligation Bid Credit Exposure Reduction

INTENDED AUDIENCE: All Market Participants

DAYS AFFECTED: May 27, 2022 to May 31, 2022

LONG DESCRIPTION:  ERCOT has identified an error in the calculation of the Point-to-Point (PTP) Obligation bid credit exposure reduction.  The credit reduction provided to a Counter- Party for existing Congestion Revenue Rights (CRRs), as required by ERCOT Protocols, Section 4.4.10(6)(d), Credit Requirement for DAM Bids and Offers, was inadvertently left out with the introduction of SCR 814, Point-to-Point (PTP) Obligation Bid Interval Limit, in the 2022-R3 release on May 26, 2022.  ERCOT has determined that the error only impacted the PTP Obligation bid credit exposure reduction.  ERCOT has implemented a software fix as part of an off-cycle release on May 31, 2022. 

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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