NOTICE DATE:  January 25, 2023                  

NOTICE TYPE:  M-C012523-01 CRR

SHORT DESCRIPTION:  2025.1st6.AnnualAuction.Seq5 CRR Auction

INTENDED AUDIENCE:  CRR Account Holders and Counter-Parties

DAYS AFFECTED:  January 25 – March 3, 2023

LONG DESCRIPTION:  The tables below contain key dates and parameters for the following Congestion Revenue Right (CRR) Auction:  2025.1st6.AnnualAuction.Seq5.

Important Auction Dates

Credit window opens (00:01 CPT)

1/25/2023

Post path specific adders report

2/9/2023

Bid window opens (00:01 CPT)

2/14/2023

Bid and credit windows close (17:00 CPT)

2/16/2023

Post auction results

3/2/2023

Post invoices and release credit

3/3/2023

   

General Auction Parameters

Auction capacity %

20

Per account holder transaction limit

4,000

Preliminary transaction adjustment period limit (per account holder)

756

Total transaction limit

300,000

Bid and offer submittal increments

.1 MW

Minimum option bid price

$0.01

Methodology for deriving load distribution factors

In accordance with the methodology specified in Section 4.5.1(5)

CRR application currently supports

Google Chrome and Microsoft Edge

Specifications for the equipment and interfaces necessary to participate in CRR auctions

CRR Market User Interface Specifications

CRR Market User Interface Handbook

 

ADDITIONAL INFORMATION:  Additional Market Notices will be sent if a transaction adjustment period is needed for this auction or if the auction results are posted on a different date than specified in the table above.

The CRR Activity Calendar is located on the Congestion Revenue Rights page of the ERCOT website.

Information about proxy Settlement Points used in calculating CRR credit exposure can be found in the DAM Proxy Settlement Points list posted on the Credit page of 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].

If you are receiving email from a public ERCOT distribution list that you no longer wish to receive, please follow this link to unsubscribe from this list: http://lists.ercot.com.

 

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