CRR Activity Calendar Updates & Approval Process Overview
This document outlines the protocol, frequency of updates, changes made to the calendar, general reminders, and the approval process of the CRR activity calendar. It details the requirements set by ERCOT, the need for WMS approval, and considerations for potential updates to the calendar posting frequency. The updates include adding dates for CRR activity through 2024 and maintaining consistency with previous calendars. Furthermore, it emphasizes the importance of following the established patterns for assigning dates to ensure compliance with protocol requirements.
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Presentation Transcript
CRR Activity Calendar Update Donald House Supervisor, CRR WMS February 3, 2021
CRR activity calendar overview Protocol 7.5.1(4)(c) requires ERCOT to post an updated calendar no later than April 1 of each calendar year Each calendar includes auction activity dates for the remainder of the current calendar year and for the two subsequent calendar years The calendar must be approved by WMS prior to the annual posting Calendar was shared with CMWG on January 11, 2021 No requested revisions, but there was some discussion on the frequency of updates (more on slide 3) Seeking final approval today from WMS 2 PUBLIC
CRR activity calendar frequency of updates NPRR852, CRR Activity Calendar Approval Process, was approved on 2/20/2018 This NPRR added the requirement for ERCOT to post the updated calendar no later than April 1 of each year It also moved the required approval from TAC to WMS Is there any desire to change the frequency of updates? CMWG discussed the idea of posting an update every 2 years Or, is it acceptable for ERCOT to post the updated calendar each year without seeking WMS approval for the changes? Changes to the frequency and/or required approval will need to be addressed with an NPRR 3 PUBLIC
CRR activity calendar description of changes Current calendar Dates from the currently approved calendar remain unchanged (through the 2023.MAR.Monthly.Auction) Added dates to cover CRR activity through the 2024.MAR.Monthly.Auction Applied the same patterns to assign the dates as have been used for previous calendars to maintain Protocol requirements and consistency Nothing unusual to note about this update Did not need to delay or move any auction submission windows to avoid holidays PCRR-eligible NOIEs are encouraged to view the dates on the PCRRs tab of the calendar 4 PUBLIC
CRR activity calendar general reminders The model build process begins 2 weeks prior to the model posting date (get outages and Common Information Model snapshot) We hold a monthly auction and a long-term auction every month of the year Typical pattern is monthly auction bid window in the first half of the month followed by the long-term auction bid window the very next week (occasionally, there will be a one-week gap to avoid holidays) Monthly auction results are posted one week after the bid window closes; long-term auction results are posted two weeks after the bid window closes Monthly auction credit is usually released 1 day after the long-term auction credit is locked 5 PUBLIC
CRR activity calendar general reminders There are two additional tabs on the calendar Calendar Protocol References includes any references to protocol sections relating to the selection of dates PCRRs gives activity dates and protocol sections related to the annual PCRR allocation process 6 PUBLIC
CRR activity calendar next steps ERCOT is seeking final approval today from WMS Once approved, the new version of the calendar will be posted on the ERCOT public site by April 1, 2021 7 PUBLIC
