Reliability Deployment Price Adder (RDPA)
The Gist Stub Important Actions Reference Meeting Notes Feedback? Send any corrections/clarifications to notes@cimview.com
The Gist Stub Important Actions Reference Meeting Notes Feedback? Send any corrections/clarifications to notes@cimview.com
The Gist Stub Important Actions Reference System Ancillary Service Monitor (ERCOT page showing, among other things, current PRC level) Meeting Notes Feedback? Send any corrections/clarifications to notes@cimview.com
The Gist ERCOT occasionally corrects prices; this is a historical log of those corrections From October 2021 onward. Price Correction Log 9/30/21, 10/6/21-10/12/21 DAM Prices due to mis modeling of the North Edinburg-Lobo Generic Transmission Constraint (Board approval 12/10/21) Reference DAM Prices NE_LOBO mis model Meeting Notes 12/10/21 BoD 11/3/21 WMS Feedback? Send any…
The Gist NPRR863 put the concepts of ERCOT Contingent Reserve Service (ECRS) and Fast Frequency Response (FFR, a subset of Responsive Reserve Service) into the ERCOT protocols, but was not implemented immediately. This project implements parts related to FFR. The main issue with this project, and why it is a separate topic, is that it…
The Gist ERCOT produces the LTLF once a year in January with forecasts of energy usage and peak demand for the next ten years. In 2022, for the first time, ERCOT included a solar rooftop component in the forecast. The goal for 2023 is to include an electric vehicle component.. Important Actions 1/12/22 ERCOT presents…
The Gist In the aftermath of Winter Storm Uri the Texas legislature determined that the ERCOT market design was in need of reform and decreed a number of changes in Senate Bill 3. The Public Utility Commission opened up project 52373 and invited several rounds of comments on market design. On 12/6/21 they published Phase…
The Gist SCR819/NPRR1111 will require Intermittent Renewable Resources (IIRs) to follow their base points if they are behind a Generic Transmission Constraint that is in danger of being violated. It is currently tabled at PRS. As ERCOT puts it, “With each SCED Base Point sent by ERCOT to the Qualified Scheduling Entity (QSE) representing an…
The Gist Under NPRR863 Responsive Reserve Service (RRS) was essentially split up into its component elements; 1) ERCOT Contingency Reserve Service (ECRS), the portion of RRS that has to come online within ten minutes and replace resources that have tripped offline; 2) RRS Fast Frequency Reserve (FFR) – Resources (mostly batteries) that can respond within…
The Gist ERCOT is creating a new Technology Working Group to stop a repeat of the FFR Advancement fiasco (where the implementation of the FFR Advancement project was delayed by 10 months because ERCOT market participants and their software vendors were unable to adjust to the proposed changes in the Market Participant/ERCOT interface in a…
The Gist The HCAP effectively sets the highest price in ERCOT (though it is possible for regional prices to go higher than HCAP due to congestion, the excess is usually minor). HCAP was initially set at $2250/MWh at nodal market implementation in December 2010 and rose in steps until it reached $9000/MWh on 6/1/15. During…