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Protocol Revision Subcommittee

Protocol Revision Subcommittee. Presentation to the ERCOT Technical Advisory Committee January 6, 2004. PRS Summary. 5 PRRs for Approval PRR 562 for TAC Email Vote. PRR 547 – Trading Hubs.

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Protocol Revision Subcommittee

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  1. Protocol Revision Subcommittee Presentation to the ERCOT Technical Advisory Committee January 6, 2004

  2. PRS Summary • 5 PRRs for Approval • PRR 562 for TAC Email Vote

  3. PRR 547 – Trading Hubs • Establishes definitions of trading hubs (specific buses) and process for establishing future trading hubs • PRS recommended approval by 70%; with 2 no votes and 3 abstentions • All market segments were present • Reviewed ERCOT study and considered MOD comments – no resulting change (not unanimous) • TAC received comments from MOD/ERCOT • Effective March 1, 2005

  4. PRR 547 – Trading Hubs Impact Analysis No Impact Impact Description Item Reviewed Budget Staffing Computer Systems Business Functions Grid Operations Credit Monitoring/Liability

  5. PRR 548 – Settlement for Mismatched Inter-QSE Energy Schedules • Reduces ERCOT BES usage when Inter-QSE trades don’t match • Allows ERCOT to settle disputed portion of mismatch at MCPE • PRS recommended approval; with 2 no votes and one abstention • All market segments were present • Effective upon system implementation -- Priority 1.1; Rank 34.5

  6. PRR 548 – Settlement for Mismatched Inter-QSE Energy Schedules Impact Analysis No Impact Impact Description Item Reviewed Budget Minor amount impact Staffing Requires Lodestar changes Computer Systems Business Functions Grid Operations Credit Monitoring/Liability Supports – reduced credit risk

  7. PRR 551 – Security Interest • Adds provisions to increase Market Participant protection in event of bankruptcy • PRS recommended approval with one no vote and one abstention • All market segments were present • Effective March 1, 2005

  8. PRR 551 – Security Interest Impact Analysis No Impact Impact Description Item Reviewed Budget Staffing Computer Systems Business Functions Grid Operations Credit Monitoring/Liability

  9. PRR 552 – Clarification of Relaxed Balanced Schedules • Clarifies that QSEs may schedule load or generation even though they do not represent load or generation • PRS recommended approval with two abstentions • All market segments were present • Reviewed in December and amended per ERCOT comments • Effective March 1, 2005

  10. PRR 552 – Clarification of Relaxed Balanced Schedules Impact Analysis No Impact Impact Description Item Reviewed Budget Staffing Computer Systems Business Functions Grid Operations Credit Monitoring/Liability

  11. PRR 553 – Scheduling Trading Hubs • Modifies ERCOT scheduling requirements to accommodate transactions to trading hubs • PRS recommended approval with one abstention • All market segments were present • Effective upon system implementation -- Priority 2.1; no ranking

  12. PRR 553 – Scheduling Trading Hubs Impact Analysis No Impact Impact Description Item Reviewed Budget Staffing Impacts ERCOT systems Computer Systems Business Functions Grid Operations Credit Monitoring/Liability

  13. PRR 562 – Permanent Elimination of Market Solution for Local Congestion • Current market solution payment suspension expires February 1, 2005 • PRR would eliminate payment for market solution for local congestion • PRS declared “Urgent” due to deadline • PRS recommended approval with 6 no votes and 2 abstentions • All market segments were present • Effective February 1, 2005

  14. PRR 562 – Permanent Elimination of Market Solution for Local Congestion Impact Analysis No Impact Impact Description Item Reviewed Budget Staffing Computer Systems Business Functions Grid Operations Credit Monitoring/Liability

  15. Recommended TAC Actions • Approval • PRR 547 – Trading Hubs • PRR 548 – Settlement for Mismatched Inter-QSE Energy Schedules • PRR 551 – Security Interest • PRR 552 – Clarification of Relaxed Balanced Schedules • PRR 553 – Scheduling Trading Hubs • TAC EMAIL VOTE • PRR 562 – Permanent Elimination of Market Solution for Local Congestion

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