ERCOT's Unsecured Credit Limits and Default Uplift Discussion
Explore the elimination of unsecured credit limits within ERCOT, detailing the active CPs, categories, and provisions for unsecured credit. Learn about the default uplift discussion and comparisons with other ISO/RTOs and commodity exchanges.
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6. NPRR 1112 Elimination of Unsecured Credit Limits Mark Ruane Sr. Director, Settlements, Retail and Credit CWG / MCWG ERCOT Public January 19, 2022
Unsecured Credit There are currently 356 active CPs, of which 311 have positive TPE. Of these, 37 (10.4%) have unsecured credit limits. By category: CRRAH only: 12 Generation 3 Load 5 Load + Gen 12 Trader 5 Approximately 24 are munis, co-ops etc. Seven CPs are at the UCL cap of $50m. Other unsecured limits range from $2.3m to $49.7m. 2 ERCOT Public
Unsecured Credit Provisions for unsecured credit at other ISO/RTOs are provided separately. Outside of ISO/RTOs, we are not aware of any commodity exchange (eg CBOT, CME, ICE, NYMEX) that allows use of unsecured credit for exchange positions. 3 ERCOT Public
Default Uplift Discussion 4 ERCOT Public
