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Emergency QSE / Defaulting LSE

Emergency QSE / Defaulting LSE. The defaulting LSE is designated as an Emergency QSE pursuant to Protocols Sec. 16.2.13.1 ERCOT sends an Invoice to the Emergency QSE for the cost of procuring energy for the EQSE Sections 9.3 and 9.4 require that the Invoice Recipient timely pay the Invoices

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Emergency QSE / Defaulting LSE

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  1. Emergency QSE / Defaulting LSE • The defaulting LSE is designated as an Emergency QSE pursuant to Protocols Sec. 16.2.13.1 • ERCOT sends an Invoice to the Emergency QSE for the cost of procuring energy for the EQSE • Sections 9.3 and 9.4 require that the Invoice Recipient timely pay the Invoices • If the Invoice is not timely paid, ERCOT will make every reasonable attempt to collect from the Emergency QSE (Sec. 9.4.4) • If the defaulting LSE posted security, ERCOT will draw on any available security (i.e. collateral) under Sections 9.4.4 & 9.4.5

  2. Emergency QSE / Defaulting LSE (cont’d) • Pursuant to Sec. 9.4.4, any amount remaining unpaid after ERCOT exhausts all avenues to collect becomes a short payment to the market. • QSEs that are owed monies are short paid initially • 180 days later, short paid QSEs are made whole • The remaining insufficient funds are charged to QSEs with load on a load ratio share basis • The Protocols define “UFE” as “the difference between total metered Load each Settlement Period, adjusted for applicable Distribution Losses and Transmission Losses, and total ERCOT System net generation.” • The energy procured for the EQSE is not “unaccounted for”

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