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Congestion Revenue Rights Market Trials Kickoff PowerPoint Presentation
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Congestion Revenue Rights Market Trials Kickoff

Congestion Revenue Rights Market Trials Kickoff

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Congestion Revenue Rights Market Trials Kickoff

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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