DAM Team plans to improve communication by implementing hourly notices during extended events.
New documentation protocol will include urgent notifications tagged as 'DAM Notice:' with standardized keyword phrases for easy identification.
Updates will include DAM status update, DAM close postponement, DAM solution postponement, and DAM abort notice templates.
Goals include improved transparency and maintaining awareness of current DAM conditions and any required actions.
Changes to be implemented by December 4, 2023, without altering current communication systems.
Discussion on the location of standardized market communications—originally in the Commercial Operations Guide—suggesting potential need to update the guide or protocols.
Review of open action items for WMWG, aiming to clear outdated items unless retained or sponsored for progress.
Amanda redlined a document for WMS, focusing on federal EPA actions' impacts on the ERCOT grid, suggesting the need for updates from ERCOT or generation segments.
Discussion on reviewing wholesale market cues for scarcity pricing, currently no specific tasks outside ongoing NPRRs; suggestion to seek direction from WMS.
Parking lot items require a champion or specific task from WMS to progress; previously addressed NPRR issues include wholesale storage load information publication.
Task suggestions lacked progression due to absence of champions, highlighting the need for a task-oriented approach and market participant involvement.
The approach of assigning champions to facilitate progress through offline discussions and defining required information was supported.
6 - NPRR1229, RTM CMP Energy Payment – New Comments - Lucas Turner
Comments submitted to add further scope limitations.
Prohibition on payments if the resource agreed to conditions causing it to go offline.
Reduction of maximum operating days for payment recovery from 10 to 4.
Cap on breakage costs set at $500,000.
Language updated to replace RTM opportunity cost and more closely align with NPRR1190 and HDL override payment recovery.
Concerns raised about policy approach and comparison to NPRR1190 discussed.
Discussion about an annual cap on similar costs.
Feedback from ERCOT that the language was initially okay at draft stage.
Discussion of additional revisions and tweaks required, including the removal of the lost opportunity payment mention.
Conversation around the CMP formula needing more comprehensive revision.
A suggestion to wait for NPRR1190 resolution to align NPRR1229 with its framework.
Discussion on delaying the next steps to permit further refinement and incorporation of feedback.
Scheduling implications related to upcoming TAC meetings and decision timelines.
7 - Group Discussion on CARD/CRRBA Allocation Methods - WMWG Participants
Discussion of three proposals for CARD/CRRBA allocation: IMM method, VISTRA method, and City of Georgetown proposal.
IMM method allocates based on top 500 hours in a month.
VISTRA method uses a two-factor methodology focusing on 60 to 120 hours within a month.
City of Georgetown proposal allocates based on 4CP.
WMS seeks consensus to vote on a direction by December meeting for ERCOT to draft an NPRR.
Concerns raised about the City of Georgetown proposal potentially causing unintended consequences due to its approach of connecting separate concepts.
ERCOT expresses appreciation for discussions and reveals uneasiness about the Georgetown proposal due to potential misalignment of incentives.
Discussion over potential incentives for residential customers under the Georgetown proposal, affirming limited capability for incentivization under current structures.
Shams presents a City of Georgetown proposal emphasizing a straightforward solution to align CARD allocation with 4CP to reduce market distortion.
Proposal for allocation of CARD on a system-wide basis instead of zonal basis due to current misalignments.
Discussion regarding the alignment of CARD allocation methodologies with how congestion is paid in reality.
Various stakeholders express their positions: LCRA favors the VISTRA method, ERCOT does not have additional proposals, Coleman Lewis from Fargo Resources questions incentive structures.
ERCOT has shared data about proposal impacts that has been part of presentations but has not independently analyzed dollar shifts.
Next steps include possible vote at the December 4th WMS meeting.
Austin Rosel provides updates on ERCOT addressing an issue related to the EPS meter stopping by increasing internal reviews and announcing a significant project to automate processes to reduce errors.
