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ERCOT Board Update- TNT Post Filing Activities

ERCOT Board Update- TNT Post Filing Activities. Jim Galvin ERCOT, Director of Market Operations June 21, 2005. Agenda. Punch-list update Other Punch-list items PUCT Workshop Questions. Outstanding “Punch-list”. Settlement Formulas Credit Issues (Section 16) – Credit Work Group

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ERCOT Board Update- TNT Post Filing Activities

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  1. ERCOT Board Update- TNT Post Filing Activities Jim Galvin ERCOT, Director of Market Operations June 21, 2005

  2. Agenda • Punch-list update • Other Punch-list items • PUCT Workshop • Questions

  3. Outstanding “Punch-list” • Settlement Formulas • Credit Issues (Section 16) – Credit Work Group • Real-Time Co-Optimization • Protocol Revisions Synchronization – as of April 2004 • Role of Independent Market Monitor

  4. “Punch-list” Update • Settlement Formulas • First round completion expected on June 20 • Second round review expected to go into mid July • Process has been slow, but very detailed in initial comments, indicating round 2 to take less time

  5. “Punch-list” Update • Credit Sub-Committee • Credit sub-committee and TNT filed comments on Section 16 and completed first round review in May • Expected completion date of June 14 for second round comments and completion of Section 16

  6. Other “Punch-list” Items • Real-Time Co-optimization-Whitepaper re-circulated and looking for market participant to sponsor details behind the concept • Protocol Synchronization- PRS to provide framework for incorporating changes to Protocols after baseline • Role of Independent Market Monitor- Discussions from Market Monitors took place at PUCT Workshop, rulemaking still in progress

  7. PUCT Workshop • PUCT held Market Design Workshop June 8-10 • ERCOT staff presented list of 10 items that would better allow ERCOT to manage reliability • TNT presented on the filed TNT Market Design • Presentation made by other parties on improved Zonal Model • Final day provided Market Monitoring facts from other markets

  8. PUCT Workshop • Topics of interest: • Comments on Workshop due June 17 • Transition plan and possible timeline • Maintaining Bi-lateral Market Activity • Assignment of Congestion • Mitigation of Load Pockets • Maturity of current market • Risk of change

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