NOTICE DATE: August 4, 2023

NOTICE TYPE: M-C030923-13 Settlements

SHORT DESCRIPTION: Board-Approved Price Correction CRR Balancing Account Resettlement for March 2023

INTENDED AUDIENCE: QSEs and CRRAHs Settlement Personnel

DAYS AFFECTED: August 4, 2023

LONG DESCRIPTION: On June 20, 2023, the ERCOT Board of Directors (Board) directed ERCOT to implement the appropriate price corrections for Day-Ahead Settlement Point Prices (DASPPs) and Day-Ahead Market Clearing Prices for Capacity (MCPCs) for certain Operating Days in the period of February 10, 2023 to March 8, 2023.

In accordance with ERCOT Protocol Section 9.12(2), CRR Balancing Account Invoices, ERCOT will post the Congestion Revenue Right (CRR) Balancing Account (CRRBA) resettlement Invoices today for the month of March 2023 to reflect changes to the CRRBA resulting from the above-referenced Board approved DAM price corrections.  Further details are included in the table below:

Operating Month

March 2023

Reason for resettlement

Board-Approved DAM Price Corrections

Publication Date of previous CRRBA Invoices

April 06, 2023

Publication Date of CRRBA resettlement Invoices

August 4, 2023

Total CRRBA changes due to DAM resettlements (CRRBACR)

$90,720.15

Total Adjustment to CRR Refund Amount (CRRRAMT)

$19,563.01

Total Adjustment to Load Allocated Amount (LACRRAMT)

($110,283.16)

 

ADDITIONAL INFORMATION: The CRRBA resettlement Invoices and corresponding CRRBA extracts can be found on the Market Information System (MIS) under Settlements.

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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