NOTICE DATE: January 24, 2024
NOTICE TYPE: M-A122123-02 Credit and Settlements
SHORT DESCRIPTION: Implementation of payment processing system: Update
INTENDED AUDIENCE: All Market Participants
DAYS AFFECTED: January 26, 2024
LONG DESCRIPTION: Regarding the December 21, 2023 Market notice, the Invoice id/number is only required for Securitization M (SDC) and N (SUI) invoices per Protocol Sections 26.3.1.1 (4) and 27.4.3.1 (4), respectively. ERCOT is encouraging the Invoice id/number be included on all invoice types, but will not be requiring that on January 26, 2024. An NPRR will be introduced at a later date to update the applicable invoicing sections of the Protocols and require an Invoice number on all invoice types.
ERCOT also encourages, but does not require, the Counter-Party number on any Cash Collateral Deposits. This will result in Cash Collateral Deposits being posted more accurately and in a timely manner.
Original Market Notice: On January 26, 2024, ERCOT will implement an automated payment processing system. ERCOT will be requiring the following to enable the new system and processes:
ERCOT will be making the following changes to its procedures:
As a reminder, per Protocol Section 9.7.1, any payment not received by 1700 (5:00PM) on its due date will be considered late.
Similar language is applied to all invoices owed to ERCOT, including CRR Auctions and Securitization M and N.
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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