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CRR Market Trials Phase 3.0: Overview, Criteria, and Auctions

This presentation provides an overview of the CRR Market Trials Phase 3.0, including entry criteria, CRR qualification, allocations, and auctions. It also covers ERCOT and market participant activities, recommended training, dashboard metrics, supplemental materials, and system demonstration.

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CRR Market Trials Phase 3.0: Overview, Criteria, and Auctions

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  1. Congestion Revenue RightsMarket Trials Kickoff

  2. Agenda • Topics: • Overview of CRR Market Trials Phase 3.0 • Entry Criteria (including System Requirements) • CRR Qualification • Allocations/Auctions in CRR Market Trials 3.0 • ERCOT And Market Participant Activities • Highly Recommended Training • Dashboard/Metrics • Supplemental Materials • System Demonstration (CRR MUI)

  3. Overview • CRR Market Trials Phase 3.0 • Perform CRR Account Holder Qualification • Run Allocations/Auctions with “First 6 months” data scenario • NOIEs nominate for allocations each month • Follow Nodal Protocol timelines when possible • Compressed timeline for first allocation/auction • Integrated with • Settlements and Billing (auction invoices/payment confirmation) • Network Model Management System

  4. ERCOT Entry Criteria • ERCOT Entry Criteria • Integration testing for functionality exposed in Market Trials Phase 3 completed to ERCOT satisfaction with all market-relevant defects published to market participants via the known issues list. • CRR Auction Application performance testing for functionality exposed in Market Trials Phase 3 completed with results deemed as acceptable by CRR business owner. Slide 4

  5. Market Participant Entry Criteria • Market Participant Entry Criteria • Registered as CRR Account Holder • Met all CRR system requirements a) Internet Explorer 6 b) Must have a CRRAH (CRR Account Holder) Digital Certificate installed with appropriate roles assigned (USA certificates were issued Nov 16 and are available for download) c) Must have a CP (Counterparty) Digital Certificate with appropriate roles assigned d) Sun Java 1.5 JRE and IE Plug-in (or more recent version) e) Keyhole Markup Language (KML) viewer (e.g. Google Earth) (for phase 4.0) Slide 5

  6. Counterparty vs. CRR Account Holder certificates • Two types of digital certificates needed for CRR • Counterparty • assigns credit • CRRAH • submits bids/offers • views results • performs bilateral trades • can further limit any credit assigned by Counterparty, but can’t increase

  7. CRR Qualification • CRR Qualification from 1/4/2010-1/29/2010 • Qualification Activities (all below activities must be completed) • Log-in and access the CRR system • Download a CRR Network Model • Upload a bid/offer portfolio • Edit a bid/offer portfolio • Complete a bilateral trade

  8. Allocations/Auctions in CRR Market Trials 3.0 • Auctions/Allocations for March & April 2010 • Allocation for May • Allocation for Balance of Year (June – Dec 2010) (note: Auctions for May, Balance of Year in Phase 4.0) Slide 8

  9. Market Participant Activities • Qualify • Submit Credit (Using Counterparty Certificate) • Submit Bid/offer portfolio • View/verify postings • Bilaterally trade Slide 9

  10. ERCOT Activities • Create Models • Run Qualification • Run Auctions • Post Notices/Results/Invoices Slide 10

  11. Highly Recommended Training • CRR MUI Training • Available on LMS (https://www.ercottraining.com/lms/default.asp) • Nodal Market Training • CRR Market User Interface Training • Will answer many questions regarding the mechanics of the CRR User Interface Slide 11

  12. Dashboard Dashboard will be posted on CRR section of Market Trials/Readiness Center http://nodal.ercot.com/readiness/markettrials/crr/index.html Slide 12

  13. Scorecard/Metrics • Phase 3.0 CRR Metrics • MP15-B CRR Connectivity Qualification • Measures MP’s ability to connect to, download from, and upload to ERCOT’s CRR application. • CRR3 Operation of Monthly CRR Auction and Allocation • Measures MP’s participation in monthly auctions throughout Market Trials. • CO8 Verify CRR Auction Invoices • Measures ERCOT ability to produce accurate CRR Auction Invoices Slide 13

  14. Scorecard/Metrics • Phase 3.0 CRR Metrics • MP15-B CRR Connectivity Qualification • Measures MP’s ability to connect to, download from, and upload to ERCOT’s CRR application. • CRR3 Operation of Monthly CRR Auction and Allocation • Measures MP’s participation in monthly auctions throughout Market Trials. • CO8 Verify CRR Auction Invoices • Measures ERCOT ability to produce accurate CRR Auction Invoices Slide 14

  15. Supplemental Materials Slide 15

  16. Demonstration of MUI Questions? Slide 16

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