ERCOT Portfolio Management Update 2024 - Key Project Highlights & Targets
Stay informed on the latest updates and upcoming highlights in ERCOT's Portfolio Management for 2024. Explore recent project releases, important targets, and key revisions. Keep track of priority recommendations and evolving project statuses. Find essential information on project agendas and future plans in the energy sector.
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Presentation Transcript
Project Update March 20, 2024 Troy Anderson ERCOT Portfolio Management
Project Update Agenda Recent / Upcoming Project Highlights 2024 Release Targets Major Projects Additional Project Status Information Priority/Rank Recommendations for Revision Requests with Impacts NPRR1205 Revisions to Credit Qualification Requirements of Banks and Insurance Companies Technology Working Group (TWG) Items discussed at 2/22/2024 meeting Aging Revision Request Project Review Location of Revision Request Project Information: http://www.ercot.com/services/projects
Recent / Upcoming Project Highlights 2024 February Off-Cycle Release 2/16/2024 Public API Enhancements Complete 2024 February Release R2 2/22/2024 NPRR1132(a) Communicate Operating Limitations during Cold and Hot Weather Conditions RRGRR032 Related to NPRR1132 NOGRR249(b) Communication of System Operating Limit Exceedances Complete 2024 February Off-Cycle Release 2/26/2024 NPRR1184(a) Update to Procedures for Managing Interest on Cash Collateral Complete 2024 March Off-Cycle Release 3/1/2024 NPRR1026(b) Self-Limiting Facilities reporting Complete 2024 March Release R3 3/28/2024 NPRR1040 Compliance Metrics for Ancillary Service Supply Responsibility In Flight 2024 April Off-Cycle Release 4/1/2024 NPRR1165 Revisions to Requirements of Providing Audited Financial Statements and Providing Independent Amount In Flight Note: Projected Go-Live dates are subject to change. Please watch for market notices as the effective dates approach. 3 March 2024 PUBLIC
2024 Release Targets Approved NPRRs / SCRs / xGRRs R3 R5 R1 January 1/25 February 2/22 March 3/28 April 4/25 May 5/30 June 6/27 R4 R6 R2 NPRR1092(b) NPRR1132(a) RRGRR032 NOGRR249(b) NPRR1040 NPRR1149 NPRR1121 NPRR1090 NPRR962 NPRR1196 SCR819 NPRR1111 Forecast Presentation Platform NPRR1002 RRGRR023 Moved to R7 E 1/1 6/13 PGRR098(a) Various effective dates E NPRR1186 NPRR1149 NPRR1121 NPRR1090 NPRR962 SCR819 NPRR1111 E 2/26 2/1 E ESR Telemetry NPRR1184(a) E E 2/16 4/1 3/1 E E Public API Enhancements NPRR1165 E E NPRR1026(b) E R9 R7 July 7/25 August 8/22 September 9/26 October 10/24 TX SET 5.0 11/10 December 12/11-12/12 R10 R11 R8 NS NPRR1131 NPRR1002 RRGRR023 NPRR1139 SCR813 NPRR1183 NPRR1095 SCR817 SCR823 RMGRR172 RMGRR168 NPRR1023 NS P NS E P E P P E E NS Go-live dates can differ from Protocol effective dates Please refer to market notices for more details APPENDIX Project Status Codes NS = Not Started I = Initiation P = Planning E = Execution H = On Hold NPRR1026(b) SLF Reporting portion NPRR1092(b) Limit RUC Opt-Out Provision NPRR1132(a) RIOO portion NPRR1184(a) Interest calculations NOGRR249(b) MIS posting PGRR098(a) Section 4.1.1.8 Red Text: New additions and target release changes Strike-Through Text: Previous target release (a), (b), etc.: Multiple phase release Release targets are subject to change 4 March 2024 PUBLIC
Major Projects Other Project Highlights 5 March 2024 PUBLIC
Additional Project Status Information RR Description Additional Detail Proj Phase NPRR1004 Load Distribution Factor Process Update Not Started Analyzing a Q2 2024 start NPRR1131 Controllable Load Resource Participation in Non-Spin Not Started Approved for April 2024 start NPRR1139 Adjustments to Capacity Shortfall Ratio Share for IRRs Not Started Approved for April 2024 start ERCOT Outage Study Cases in the System Operations Test Environment (SOTE) SCR799 Not Started Targeting July 2024 start Update RT On-Line Reliability Deployment Price Adder Inputs to Match Actual Data NPRR1006 On Hold NPRR1058 Resource Offer Modernization Not Started Changes to Address Market Impacts of Additional Non- Spin Procurement NPRR1091 Not Started Market input requested to determine if these are High Priority compared to other Not Started and On Hold items Allow FFR Procurement up to FFR Limit Without Proration NPRR1128 Not Started Requirements for DGRs and DESRs on Circuits Subject to Load Shedding NPRR1171 Not Started Provide Early Access to Certain 60-Day Reports to TSPs Upon Request SCR805 Not Started Red Text: New additions and updates 6 March 2024 PUBLIC
Priority / Rank Recommendations for Revision Requests with Impacts Recommendations for Revision Request Description Comments Priority Rank $80k-$120k, 5-8 months Revisions to Credit Qualification Requirements of Banks and Insurance Companies Impacted System(s): CMM, Data Warehouse NPRR1205 2025 4520 Resource constraints make 2025 a more likely start year PPL Rank Information Next available 2024 Rank in Business Strategy = 4100 Next available 2025 Rank in Business Strategy = 4520 Next available 2026 Rank in Business Strategy = 4710 Next available Rank in Regulatory 7 = 380 March 2024 PUBLIC
Technology Working Group (TWG) 2/22/2024 TWG discussion topics: Next meeting: 3/28/2024 8 March 2024 PUBLIC
Aging Revision Request Project Review The Aging Revision Request list used in 2022 has been updated for recent activity and will be posted prior to the February PRS meeting Preliminary ERCOT comments will be included on many line items Primary discussion at February PRS discussed the structure of the posted file and ERCOT s initial comments Follow-up discussion at March PRS: 1. Reminder of process to strike aging Revision Requests (if needed) 2. Review ERCOT recommendations 3. Gantt chart (initial draft) 4. Market feedback NPRRs: 484,825(b),826,829,841,857,879,885,904,918,930,936,941,945,963,965,975,987,989,995,1004,1006,1007,1019,1020(b),1029,1030,1032,1034,1038, 1057,1058,1077,1091,1098,1105,1128,1131 SCRs: 799,805,810,818 PGRRs: 066,076,088,091,094,099,103 Other: OBDRR009,OBDRR017,RRGRR028 TBD 9 March 2024 PUBLIC
Aging Revision Request Project Review Reminder: If PRS determines that one or more aging Revision Requests are candidates for removal, the process is to file a new RR to strike it There are several historical examples of this from 2015: NPRR721 Removal of Language related to NPRR455 NPRR722 Removal of Language related to NPRR181 NPRR724 Removal of Language related to NPRR493 NPRR727 Removal of Language related to NPRR327 NPRR728 Removal of Language related to NPRR484 and NPRR554 NPRRs: 484,825(b),826,829,841,857,879,885,904,918,930,936,941,945,963,965,975,987,989,995,1004,1006,1007,1019,1020(b),1029,1030,1032,1034,1038, 1057,1058,1077,1091,1098,1105,1128,1131 SCRs: 799,805,810,818 PGRRs: 066,076,088,091,094,099,103 Other: OBDRR009,OBDRR017,RRGRR028 TBD 10 March 2024 PUBLIC
Aging Revision Request Project Review Draft Gantt chart Very preliminary Starting point for discussion on priorities Other Topics Communication with TAC Transparency in our monthly reporting so Market Participants understand the status of each Revision Request Change in Priority recommendation from requested start year to most likely start year on new Revision Requests Assigning new priorities Long-term discussion What are the constraints that prevent us from clearing the backlog? NPRRs: 484,825(b),826,829,841,857,879,885,904,918,930,936,941,945,963,965,975,987,989,995,1004,1006,1007,1019,1020(b),1029,1030,1032,1034,1038, 1057,1058,1077,1091,1098,1105,1128,1131 SCRs: 799,805,810,818 PGRRs: 066,076,088,091,094,099,103 Other: OBDRR009,OBDRR017,RRGRR028 TBD 11 March 2024 PUBLIC
Aging Revision Request Project Review Revision Requests - Not Started Page 1 of 3 3/18/24 Estimated Budget 2024 2025 2026 2027 2028 2029 2030 Revision Request Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4 Commercial Operations RMGRR168 Modify ERCOT Responsibilities During the Mass Transition $50k - $75k NPRR1004 Load Distribution $45k - $65k NPRR1058 Resource Offer Modernization $100K - $150K NPRR1091 Impacts of Non-Spin Procure $120k - $160k NPRR1145 EMS TLFs in lieu of Seasonal Base $50k - $80k NPRR1035 DC Tie Schedules $20k - $40k NPRR1208 - Invoice Report $40k - $60k NPRR1184 - Updates to Collateral $100k - $150k NPRR936 CRR Holder Limits $150k - $250k NPRR1140 Recovering Fuel Costs $20k - $30k NPRR1182 - CLR/ESR in CCT $60k - $90k NPRR826 RMR Resources $100k - $200k NPRR918 PTP Obligations $30k - $50k NPRR941 Rio Grande Valley Hub $250k - $350k NPRR1020 Energy Storage - Data Agg $175k - $225k NPRR1030 CRR Revenue Dist $175k - $225 NPRR1032 RUC $100k - $150k NPRR1054 Remove Oklaunion Lang $10k - $15k NPRR1057 De-Energized Hubs $20k - $30k ERCOT PUBLIC Electric Reliability Council of Texas 12 March 2024 PUBLIC
Aging Revision Request Project Review Revision Requests - Not Started Page 2 of 3 3/18/24 Estimated Budget 2024 2025 2026 2027 2028 2029 2030 Revision Request Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4 NPRR1172 - Fuel Adder Definition, Mitigated Offer Caps, and RUC Clawback $65k - $85k NPRR1201 - Resettlement Timeline / Default Uplift Adjustments $40k - $70k NPRR841 RT Adj to Make Whole Pmts $60k - $80k NPRR995 RTF-6 $800k - $1.2M Corporate Services NPRR1183 - ECEII Updates $50k - $75k NPRR857 DC Tie Operator $500k - $700k SCR825 - ERCOT Voice Communications $150k - $250k System Operations SCR821 Voltage Set Point Target Information for DGR or DESR $25k - $50k NOGRR226 Addition of Supplemental UFLS Stages $40k - $60k NPRR1128 Allow FFR Procurement up to FFR Limit Without Proration $30k - $50k NPRR879 SCED Base Point $200k - $250k SCR799 SOTE $150k - $250k SCR805 60-Day Rpts Early Access $40k - $60k NPRR1034 Limits on DC Ties $50k - $70k NPRR1098 DC Tie Reactive Power Capability Requirements $10k - $20k NOGRR215 - Limit Use of RAS $1.0M - $1.5M ERCOT PUBLIC Electric Reliability Council of Texas 13 March 2024 PUBLIC
Aging Revision Request Project Review Revision Requests - Not Started Page 3 of 3 3/18/24 Estimated Budget 2024 2025 2026 2027 2028 2029 2030 Revision Request Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4 NPRR825 DC Tie Load $200k - $300k NPRR1029 BESTF-6 DC-Coupled $800k - $1.2M NPRR1105 Phase 2 $80k - $120k NPRR1171 - DGRs/DESRs Subject to Load Shed $350k - $550k NPRR1213 - DGRs and DESRs Clarifications $350k - $450k NPRR965 GREDP $10k - $20k NPRR975 Load Forecast Model Transparency $75k - $100k System Planning & Weatherization PGRR066 RIOO-IS Interconnection Updates $100k - $150k PGRR076 GINR $50k - $75k SCR818 Phase 2 - Integration with ODMS and MOD $300k - $500k NPRR1077 Extension of Self-Limiting Facility Concept $100k - $160k PGRR088 Financial Security Amt $20k- $40k PGRR091 FIS Application $15k - $30k PGRR094 Notification Req $10k - $20k PGRR099 Revise GIM Process to Ensure Compliance with the Lone Star Infrastructure Protection Act $20k - $30k PGRR103 - Time Limit to Synchronize $40k - $60k RRGRR028 Transformer Impedance $100k - $150k SCR810 Two-Percent Constraint $15k - $25k ERCOT PUBLIC Electric Reliability Council of Texas 14 March 2024 PUBLIC
