Exceptional Fuel Costs (NPRR847)
The Gist If a resource’s fuel costs go more than $1/MMBTU over the Fuel Index Price(FIP), a resource can submit “Exceptional Fuel Costs” that get included in the Mitigated Offer Cap calculation (rather than FIP). If this happens ERCOT has to post a market notice within five business days notifying market participants that this has…