Commercial Operations Sub-Committee Update to TAC. March 8, 2007. COPS Working Group & Task Force Leadership. PWG - Chair: Ernie Podraza (Reliant Energy) - Vice-Chair: Brad Boles (Cirro Energy) CCWG - Chair: Chuck Moore (Direct Energy) - Vice Chair: Judy Brisco (BP Energy) SDAWG:
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March 8, 2007
- Chair: Ernie Podraza (Reliant Energy)
- Vice-Chair: Brad Boles (Cirro Energy)
- Chair: Chuck Moore (Direct Energy)
- Vice Chair: Judy Brisco (BP Energy)
- Chair: Eric Goff (Constellation)
- Vice Chair: Tim Wood (First Choice Power)
- Michelle Trenary (Tenaska) representing COPS
Revision of Holidays Tab in Profile Model Spreadsheets as Approved by COPS vote for a status of URGENCY to meet implementation timelines.
A Proposal to Reduce Impact on ERCOT and Market Participants
When the PUCT determines that a market participant has violated a protocol, procedure or rule, they generally assess a fine and order restitution to the market. Restitution is usually accomplished through resettlement.
When Dollar amounts are small, the costs outweigh the benefits. Such costs are ultimately born by Texas consumers.
Resettle the Operating Day(s)
Calculate revenues/costs by QSE
Process payments and/or invoices
Shadow Settle to ensure accuracy
Allocate funds to entities that they represent
Process payments and/or invoicesWhen Resettlement is Ordered
Working with PUCT, ERCOT, and Market Participants, COPS proposes: