NOTICE DATE:  November 22, 2023                  

NOTICE TYPE:  M-C112223-01 CRR

SHORT DESCRIPTION:  2025.1st6.AnnualAuction.Seq3 CRR Auction

INTENDED AUDIENCE:  CRR Account Holders and Counter-Parties

DAYS AFFECTED:  November 22 - December 29, 2023

LONG DESCRIPTION:  The tables below contain key dates and parameters for the following Congestion Revenue Right (CRR) Auction:  2025.1st6.AnnualAuction.Seq3.

Important Auction Dates

Credit window opens (00:01 CPT)


Post path specific adders report


Bid window opens (00:01 CPT)


Bid and credit windows close (17:00 CPT)


Post auction results


Post invoices and release credit



General Auction Parameters

Auction capacity %


Per account holder transaction limit


Preliminary transaction adjustment period limit (per account holder)


Total transaction limit


Bid and offer submittal increments

.1 MW

Minimum option bid price


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].

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