<p><span style="font-weight: 400;">1 - Antitrust Admonition - Eric Blakey</span></p>
<p><span style="font-weight: 400;">2 - Agenda Review - Eric Blakey</span></p>
<p><a href="/sharing/?token=a2e8c577-341e-464d-ae12-45cc6b03dd77"><span style="font-weight: 400;">3</span></a><span style="font-weight: 400;"> - Approval of WMS Meeting Minutes - Vote - Eric Blakey</span></p>
<p><a href="/sharing/?token=605343ef-2aac-4904-bdc8-cbcbb63f5bcd"><span style="font-weight: 400;">3.1</span></a><span style="font-weight: 400;"> - June 5, 2024</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">There was no opposition to adding the minutes to the combo ballot</span></li>
</ul>
<p><a href="/sharing/?token=4273f4a4-6b83-423f-9a36-2e01e1a0a4db"><span style="font-weight: 400;">4</span></a><span style="font-weight: 400;"> - Technical Advisory Committee - TAC - Update - Jim Lee</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">TAC approved all voting items presented, including NPRR1216, OBDRR051, VCMRR039, NPRR1190, NPRR1215, NPRR1225, and PGRR106.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">TAC provided feedback to WMS on additional actions related to new EPA rules, greenhouse gas rule, and mercury and air toxic standards rule.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">TAC recommended keeping updates on these EPA rules on the radar, with working groups Winwig and SAWG tasked to monitor developments.</span></li>
</ul>
<p><a href="/sharing/?token=cc37de90-8abf-48f7-858f-04eb13600865"><span style="font-weight: 400;">5</span></a><span style="font-weight: 400;"> - ERCOT Operations and Market Items, Dave Maggio</span></p>
<p><a href="/sharing/?token=a023f8b8-99ac-4200-8197-1ddb27aec4d1"><span style="font-weight: 400;">5.1</span></a><span style="font-weight: 400;"> - Auction Revenue Distribution CARD and Calvin Opheim</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Discussion of a problem and several potential solutions.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Preference for one solution but open to discussing others.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Aim to have a detailed discussion and endorsement at the next meeting in August.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Three options will be laid out for consideration.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Final goal to incorporate the chosen option into an NPRR along with an associate impact analysis.</span></li>
</ul>
<p><a href="/sharing/?token=e705ca19-734d-4fb2-b455-f0a056be26c6"><span style="font-weight: 400;">5.2</span></a><span style="font-weight: 400;"> - CRR Balancing Account - CRRBA</span></p>
<h4><strong>Key Discussions:</strong></h4>
<h5><strong>Allocation of Congestion Revenue</strong></h5>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">ERCOT discussed revisiting the allocation methodology for congestion revenue.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Currently, allocation is based on relative consumption during the peak interval of the month.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Under NPRR1030, the allocation would switch to a monthly load ratio share.</span></li>
</ul>
<h5><strong>NPRR1030</strong></h5>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The proposal aimed to spread the allocation across the entire month.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Initially, concerns arose about changing the allocation for all loads.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The compromise was to apply changes only to DC Tie exports.</span></li>
</ul>
<h5><strong>Concerns about Flexible Loads</strong></h5>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">ERCOT is now concerned that flexible loads also exhibit behavior affecting allocation.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">There's a need to address this issue beyond DC Tie exports.</span></li>
</ul>
<h5><strong>ERCOT's Preferred Option</strong></h5>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">ERCOT prefers using a full monthly load ratio share.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">This method guarantees solving the problem.</span></li>
</ul>
<h5><strong>Alternative Options</strong></h5>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Option 1: Daily load ratio share based on the peak day of the month.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Option 2: Blending monthly and daily load ratio shares together.</span></li>
</ul>
<h5><strong>Comments and Questions</strong></h5>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Concerns were raised about changing the allocation methodology for all loads.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Some commented that changing the methodology might lead to new issues.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">There were discussions about the history and intent of CARD.</span></li>
</ul>
<h5><strong>Next Steps</strong></h5>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Review the different options carefully.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Consider the impact on flexible loads and DC Tie exports.</span></li>
</ul>
<p><a href="/sharing/?token=8e5d34b4-1dbf-469e-83ef-a22a1e0670a1"><span style="font-weight: 400;">5.3</span></a><span style="font-weight: 400;"> - IMM CARD Analysis - Andrew Reimers</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The background and history of CARD were reviewed, highlighting potential adverse incentives for load behavior.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The calculation window for CARD has a significant impact on load value and behavior, with longer intervals reducing the value per megawatt hour.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Crypto miners can economically inflate demand to capture high CARD revenue during peak intervals, causing price inflation.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Different CARD distribution methodologies were compared: current peak interval, peak day alternative, and whole month distribution, with the latter reducing incentives to maximize load ratio share.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The IMM proposes a shift to a whole month distribution for CARD to minimize adverse economic incentives.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Support for ERCOT's preferred solution to distribute CARD revenue over the whole month was emphasized.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Discussion on 4CP and its impacts on market efficiency and cost recovery, with suggestions to retain 4CP allocation at least during summer months.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Concerns about the CARD's role as a type of refund for transmission ratepayers were raised, noting policy implications for loads that avoid transmission costs.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Questions and opinions from various members highlighted a general agreement on reducing incentives that increase peak loads and considering monthly load ratio share-based allocations.</span></li>
</ul>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Continuation of the discussion on possible CARD distribution methodologies and their implications.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Preparing for an NPRR to be filed with consensus from WMS.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Presenting any additional information or updates in the next month's meeting.</span></li>
</ul>
<p><a href="/sharing/?token=360d5679-f21d-48df-85f7-7c46d9a0eb7d"><span style="font-weight: 400;">5.4</span></a><span style="font-weight: 400;"> - Report template to track AS Provision & Performance issues related to insufficient State of Charge, Luis Hinojosa & Sam Fabricant</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Introduction of a report template to track AS shortfall caused by State of Charge (SOC)</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Recent implementation of NPRR1186 on June 27, improved state of charge management for SCED dispatch to support ancillary service obligations</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Background on NPRR1186 and NPRR1149 - neither currently account for SOC or any shortfall in ancillary services</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Proposal to generate a monthly report tracking AS shortfall due to insufficient SOC, including mock data since NPRR1186 was only recently implemented</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Explanation of failure to provide (responsibility but insufficient SOC) and failure to perform (event request but no energy dispatched)</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Details on calculations for megawatt shortfall and its impact across Non-Spin, ECRS, RRS, and regulation</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">August production version of the report to be created with July data</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Requests for feedback from stakeholders on the report content and usefulness</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Clarifications on interpretations of megawatt shortfall calculations and implications for stakeholders</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Discussion of using specific metrics like ERCOT ballot TRE-001 logic for performance evaluations</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Feedback sought on definitions and thresholds for low SOC as indicators of failure</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Determination of a formal version with real data starting in August, use of 20% SOC as a variable for initial analysis</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Concerns about how shortfall calculations and ancillary service provision are reported, including suggestions to look at the QSE level</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Clarification requested on the components of the shortfall and how it's calculated</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Use of both mock and real data to illustrate failures in SOC</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Caitlin Smith, Michael Jewell, and Bob Wittemeyer's input on potential misleading aspects and technology neutrality</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Agreement to follow up at Work Management Working Group (WMWG) for further detailed discussions and feedback</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Acknowledgement of TAC and board's request to keep monitoring SOC effects on ancillary services</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Next steps including refinement and clarifying the intent of the template as a non-mandatory, responsive measure.</span></li>
</ul>
<p><a href="/sharing/?token=5c789011-5e2d-4343-ae25-09b9a0200706"><span style="font-weight: 400;">6</span></a><span style="font-weight: 400;"> - Resource Cost Working Group - RCWG - Blake Holt</span></p>
<h3><strong>Summary:</strong></h3>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">RCWG met on June 25 to discuss VCMRR041, which aims to replace the current index price subscription for NOx and SO2 with fixed prices: $3/short ton for NOx and $2/short ton for SO2.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">ERCOT's justification: The annual index pricing has been stagnant for the past five years. The fixed prices would remain until new EPA requirements or a competitive market arises, or as directed by TAC.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Luminant expressed interest in a seasonal index price approach and maintaining the subscription to quickly respond to political changes. They are considering proposing a user fee for the subscription costs.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Luminant plans to present additional language and a new NPRR to RCWG in July.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">ERCOT cautioned that prolonged discussions might force recommitment to the existing subscription for index pricing. Corrected timelines indicate that VCMRRs spend two meetings at WMS and then proceed to further approvals.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Katie Rich (Luminant): Plans to draft and file new VCMRR and NPRR with feedback from RCWG quickly.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Ino clarified that VCMRR041, as submitted by ERCOT, will skip PRS because it has no impact and will spend two months at WMS.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Vendor reports no trades have occurred for annual and seasonal prices in the last five years.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">ERCOT prefers stopping the subscription until a market for emissions arises, while also acknowledging Luminant's alternate proposal.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">US Supreme Court stopped the EPA's good neighbor plan, affecting NOx control implementation.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">IMM is requested to provide a recommendation regarding liquidity in the emissions market.</span></li>
</ul>
<p><a href="/sharing/?token=f9b0ac38-e8ff-4a01-9675-d4dbd8832092"><span style="font-weight: 400;">6.1</span></a><span style="font-weight: 400;"> - RCWG Leadership - Vote - Blake Holt</span></p>
<p><strong>Summary:</strong></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Discussion on leadership update before the report.</span></li>
</ul>
<p><a href="/sharing/?token=780c82ec-6a9d-4e3d-92a4-090918261bf8"><span style="font-weight: 400;">6.2</span></a><span style="font-weight: 400;"> - Vice Chair - Kiran Sidhu, RWE</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Current vice chair Kiran Sidhu has changed employers and is now with RWE Renewables.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Discussion about adding confirmation of support for Kiran Sidhu's continued leadership to the combo ballot.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Acknowledgement and agreement to add to the combo ballot.</span></li>
</ul>
<p><a href="/sharing/?token=2f847243-25ee-4fbf-981c-b6daa2683219"><span style="font-weight: 400;">7</span></a><span style="font-weight: 400;"> - WMS Revision Requests - Eric Blakey</span></p>
<p><a href="/sharing/?token=35e448c7-a09b-4472-9337-f8277291cbcd"><span style="font-weight: 400;">7.1</span></a><span style="font-weight: 400;"> - Impact Analysis - Vote - Eric Blakey</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Zero impact</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The proposal will be added to the combo ballot</span></li>
</ul>
<p><a href="/sharing/?token=bc35c8f0-f47c-48f5-8973-993e836af6c8"><span style="font-weight: 400;">7.2</span></a><span style="font-weight: 400;"> - VCMRR040, Methodology for Calculating Fuel Adders for Coal-Fired Resources</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Discussion on WMS revision requests, VCMRR040</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Approved language last month</span></li>
</ul>
<p><a href="/sharing/?token=bc35c8f0-f47c-48f5-8973-993e836af6c8"><span style="font-weight: 400;">8</span></a><span style="font-weight: 400;"> - Demand Side Working Group - DSWG - Nathaniel Mancha</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Covered two NPRRs, presentation NPRR1226 and NPRR1217.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">NPRR1226: Discussed demand response monitoring, including data sharing to improve market transparency.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">NPRR1217: Focused on removing verbal dispatch instructions for load resource and ERS deployments, with implementation expected by December 1 of this year.</span></li>
</ul>
<p><a href="/sharing/?token=8c289c47-a916-4318-9941-78661f858aab"><span style="font-weight: 400;">9</span></a><span style="font-weight: 400;"> - Supply Analysis Working Group - SAWG - Kevin Hanson</span></p>
<p><a href="/sharing/?token=c7a3587d-095e-4baa-b445-d826cc701001"><span style="font-weight: 400;">9.1</span></a><span style="font-weight: 400;"> - SAWG Leadership - Vote</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Kevin Hanson confirmed as SAWG chair and will be added to the combo ballot.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Thinesh presented 2023 distributive generation report estimating 48 MW, with a moderate forecast of 6 GW of rooftop solar by 2032.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Katie Lamb and Sam Morris presented on the updated long-term load detailed analysis with key points including dispatchable and non-dispatchable loads, and load forecast impacts.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Discussion on the speculative nature of new contracts and executive letters, with concerns about their impact on market messaging.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Bob Witmeyer questioned the assumption of 24/7 load for hydrogen, with responses indicating the unproven nature of its flexibility.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Eric Schubert raised points about non-dispatchable industries' potential for peak shaving, with responses highlighting consistency issues in response.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Pete Warkin provided updates on the CONE study, reliability standard, volume update, and August Mora report.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Final announcements included a low wind risk profile addition, CDR NPRR work in progress, and an upcoming preliminary volume value based on survey data expected in mid to late July 2024.</span></li>
</ul>
<p><a href="/sharing/?token=dd344e4d-29f9-46dc-98d1-2d074acb7315"><span style="font-weight: 400;">9.2</span></a><span style="font-weight: 400;"> - Chair Kevin Hanson, Black Mountain Energy Storage</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Kevin Hanson has changed employers from National Grid to Black Mountain Energy </span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Kevin Hanson will remain as chair.</span></li>
</ul>
<p><a href="/sharing/?token=ce4d8bef-a03b-45b6-8f4b-28adf56250b0"><span style="font-weight: 400;">10</span></a><span style="font-weight: 400;"> - Wholesale Market Working Group - WMWG - Blake Holt</span></p>
<p><a href="/sharing/?token=c4283c4d-24c2-4127-a8e6-562e141f910b"><span style="font-weight: 400;">10.1</span></a><span style="font-weight: 400;"> - WMWG Leadership - Vote</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Added to combo ballot<br /><br /></span></li>
</ul>
<p><span style="font-weight: 400;">10.2 - Chair: Blake Holt, LCRA</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Blake Holt to step forward into the chair position.</span></li>
</ul>
<p><a href="/sharing/?token=1d19cf1f-72c6-4171-8168-89860a4f65d1"><span style="font-weight: 400;">10.3</span></a><span style="font-weight: 400;"> - Vice Chair - Amanda Frazier, Treaty Oak Clean Energy</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Announcement of Amanda Frazier taking the vice chair position.</span></li>
</ul>
<p><a href="/sharing/?token=a47e84f0-c9cd-43f6-8ce5-92f2b2715047"><span style="font-weight: 400;">11</span></a><span style="font-weight: 400;"> - Metering Working Group - MWG - Michael Blum</span></p>
<p><a href="/sharing/?token=86d83c4d-e6a6-46bd-8dc0-b1589adf2210"><span style="font-weight: 400;">11.1</span></a><span style="font-weight: 400;"> - Procedure Update - Vote</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Procedure document hasn't been reviewed since 2003.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">It's high time to take a fresh look; working group has done so.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Discussion on whether to approve today or bring it back next month.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Brittany Albright suggested cleanup: standardize the name 'metering working group' vs 'meter working group'.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Need to choose one name and standardize it on the ERCOT website.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Next month's meeting will finalize the name standardization.</span></li>
</ul>
<p><a href="/sharing/?token=8e63e20e-4103-491f-a04f-0ae056107eca"><span style="font-weight: 400;">12</span></a><span style="font-weight: 400;"> - WMS Revision Requests Tabled at WMS - Possible Vote - Eric Blakey</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">SMOGRR028 was referred to MWG.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">MWG has not yet met to discuss the item.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The item will remain tabled for now.</span></li>
</ul>
<p><a href="/sharing/?token=83b39773-9a0b-414c-89db-a38cc71d659a"><span style="font-weight: 400;">12.1</span></a><span style="font-weight: 400;"> - SMOGRR028, Add Series Reactor Compensation Factors (MWG)</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">SMOGRR028 referred to MWG and remains tabled</span></li>
</ul>
<p><a href="/sharing/?token=a8aac160-8396-4ea8-bc16-a30545fa0401"><span style="font-weight: 400;">12.2</span></a><span style="font-weight: 400;"> - VCMRR041, SO2 and NOX Emission Prices Used in Verifiable Cost Calculations - RCWG</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Blake reported on VCMRR041.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Awaiting comments on VCMRR041 and NPRR.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Decision to keep these items tabled for now.</span></li>
</ul>
<p><a href="/sharing/?token=35deb2ee-0958-443d-a2d6-56199e664307"><span style="font-weight: 400;">13</span></a><span style="font-weight: 400;"> - New Protocol Revision Subcommittee - PRS - Referrals - Vote - Eric Blakey</span></p>
<p><a href="/sharing/?token=4d90614a-dbee-4026-a890-e6410a162c72"><span style="font-weight: 400;">13.1</span></a><span style="font-weight: 400;"> - NPRR1229, Real-Time Constraint Management Plan Energy Payment</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Introduction of NPRR1229 by stack on May 6.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Initial discussion by PRS recommended the referral to WMWG.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Concerns raised by various members about the proper group (WMS or WMWG) to handle the policy discussion.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Discussion about the importance of policy decisions before addressing compensation details.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">LCRA expressed interest in reviewing settlement equations and questioned the operational status of the market settlements working group.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Acknowledgment that the market settlements working group is in place, chaired by Heddie Lookadoo</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Shuye Teng emphasized the need for policy direction before delving into settlement details.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Lucas Turner (STEC) reiterated the urgency of the issue for the upcoming summer but understood another group might need to take it on.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Opposition from a member regarding creating new payments when the energy market should handle them.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Ino expressed that extensive policy issues need to be resolved before moving forward and highlighted multiple groups' involvement.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Discussion about PRS's direction suggesting WMWG to handle policy discussions.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Eric Goff suggested that WMWG handle the policy discussion first.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Proposal for a list of policy issues to be prepared by ERCOT to aid in the discussion.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Agreement to table NPRR1229 to WMWG with a prep list of policy issues for discussion at the next meeting.</span></li>
</ul>
<p><a href="/sharing/?token=590ad7f8-0f64-4e24-b66d-e88c321aad5d"><span style="font-weight: 400;">13.2</span></a><span style="font-weight: 400;"> - NPRR1232, Standing Deployment of ECRS in the Operating Hour for a Portion of</span><span style="font-weight: 400;"><br /></span><span style="font-weight: 400;">ECRS that is Provided from SCED-Dispatchable Resources</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">NPRR1232 filed by ERCOT on May 6, referred on June 13.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Nitika provides overview; discussed previously at the board and reliability committee.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Need for urgent basis consideration emphasized.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Discussion on improvements in deploying ECRS, referencing earlier conversations from April.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Proposal for releasing a portion of ERCOT's ECRS capacity similar to Non-Spin.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Concerns raised about percentage release targets and compliance implications.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Implementation concerns: telemetry setup, involvement of vendors, and effect on QSE systems.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Suggestions for potential leverage edits to address compliance issues.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Proposal that specifies release percentage of ECRS from SCED resources.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Bryan Sams proposes tabling NPRR1232 for WMWG discussion citing complexity and compliance risk shifting to QSEs.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Blake Holt questions the reliability need vs. price formation intent of NPRR1232; suggests alignment on AS plan.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Concerns about resource burden on QSEs and system change requirements.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Implementation timeline and costs from vendors unclarified at this stage.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Sean questions linkage with NPRR1224 regarding the offer floor.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Consideration of IMM feedback and broader policy discussions to ensure NPRR1232 fixes intended issues.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Eric and Caitlin support further discussions at WMWG and possible policy-level deliberations at WMS or TAC.</span></li>
</ul>
<p><a href="/sharing/?token=bcb16ce7-24b1-4fdf-bcb6-f1fb99217ae8"><span style="font-weight: 400;">13.3</span></a><span style="font-weight: 400;"> - NPRR1235, Dispatchable Reliability Reserve Service as a Stand-Alone Ancillary Service</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">NPRR1235 is the Reliability Reserve Service as a standalone ancillary service, filed by ERCOT on May 29 and referred from PRS on June 13.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Discussion aimed to walk through the language and ensure detailed understanding, without urgency to move it through quickly.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Comments from the Sierra Club regarding the proposal were acknowledged, with open invitation for further discussion.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Recommendations made to refer this item to WMWG (Wholesale Market Working Group) and SAWG (Supply Analysis Working Group) for detailed review.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Katie Rich from Luminance noted DRRS as an alternative to PCM for resource adequacy with undefined quantity, suggesting further exploration by SAWG.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Operational details will primarily be examined by WMWG, while long-term resource adequacy impacts to be reviewed by SAWG.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Request for the inclusion of batteries in DRRS was noted, acknowledging it might pose implementation challenges but should be discussed at WMWG.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Preliminary impact analysis indicates a projected cost of $3 to $5 million and an implementation timeline of 16 to 24 months.</span></li>
</ul>
<p><a href="/sharing/?token=f9474884-26da-44ba-87bf-d54f7138ff17"><span style="font-weight: 400;">14</span></a><span style="font-weight: 400;"> - Revision Requests Tabled at PRS and Referred to WMS - Possible Vote - Eric Blakey</span></p>
<p><a href="/sharing/?token=bb336146-5860-4d96-8a32-d548a5e56285"><span style="font-weight: 400;">14.1</span></a><span style="font-weight: 400;"> - NPRR1070, Planning Criteria for GTC Exit Solutions</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Not Discussed</span></li>
</ul>
<p><a href="/sharing/?token=2ac47205-89c5-4f0a-ab1c-0622954e91c6"><span style="font-weight: 400;">14.2</span></a><span style="font-weight: 400;"> - NPRR1200, Utilization of Calculated Values for Non-WSL for ESRs - MWG</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Not discussed</span></li>
</ul>
<p><a href="/sharing/?token=ba6410e4-b384-4fb9-98fd-d7e59e1944aa"><span style="font-weight: 400;">14.3</span></a><span style="font-weight: 400;"> - NPRR1202, Refundable Deposits for Large Load Interconnection Studies - WMWG</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Not discussed</span></li>
</ul>
<p><a href="/sharing/?token=36ae9433-5d43-4f97-aace-992cdec588ae"><span style="font-weight: 400;">14.4</span></a><span style="font-weight: 400;"> - NPRR1214, Reliability Deployment Price Adder Fix to Provide Locational</span><span style="font-weight: 400;"><br /></span><span style="font-weight: 400;">Price Signals, Reduce Uplift and Risk CMWG</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Not Discussed</span></li>
</ul>
<p><a href="/sharing/?token=1c3c5b81-4bd1-4428-8520-31846c20bd86"><span style="font-weight: 400;">14.5</span></a><span style="font-weight: 400;"> - NPRR1219, Methodology Revisions and New Definitions for the Report on</span><span style="font-weight: 400;"><br /></span><span style="font-weight: 400;">Capacity, Demand and Reserves in the ERCOT Region CDR - SAWG</span></p>
<h4><strong>Summary:</strong></h4>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">ERCOT filed comments on July 9th for suggested changes.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Discussion on whether WMS should approve the changes with ERCOT comments.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Eric Goff suggested tabling the item for now and revisiting it later.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Kevin Hanson agreed with tabling it and recommended checking consistency of comments in the next meeting.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Consensus to keep the item tabled and review it at the next SAWG meeting.</span></li>
</ul>
<p><a href="/sharing/?token=13c31842-0a1b-47f7-a869-2d1a2ba9514d"><span style="font-weight: 400;">14.6</span></a><span style="font-weight: 400;"> - NPRR1226, Demand Response Monitor - DSWG</span></p>
<h4><strong>Floyd Trefny:</strong></h4>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Presented the demand response monitor concept initially at the large flexible load task force.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Requested an aggregate display of demand response compared to LMP on the ERCOT website.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Emphasized that individual load data would not be exposed, only aggregate data.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Suggested the possibility of more granular internal analysis by ERCOT.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Indicated that the proposal was well-received by the large flexible load task force and demand side working group.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Highlighted the importance of the tool for understanding load response to LMP.</span></li>
</ul>
<h4><strong>Eric Goff:</strong></h4>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Expressed readiness to move forward pending Matt's input.</span></li>
</ul>
<h4><strong>Matt Mereness:</strong></h4>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Discussed internal deliberations involving management, legal, and website sides at ERCOT.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Supported the concept but had concerns about committing to a new public dashboard via NPRR.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Suggested the current content and audience-focused design of ERCOT public dashboards.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Indicated ERCOT's interest in providing transparency but not sure if it will be in dashboard form.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Mentioned existing tools in control rooms that might be adapted but no current plan for delivery.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Neutral stance on NPRR, suggesting it could be considered more as a report.</span></li>
</ul>
<h4><strong>Shams Saddiqi:</strong></h4>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Raised concerns about the calculation method for demand response in NPRR.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Suggested that factors like temperature, weather, and production changes could affect load.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Proposed a more precise calculation method potentially utilizing machine learning.</span></li>
</ul>
<h4><strong>Floyd Trefny:</strong></h4>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Acknowledged that the current method might not capture all load responses.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Emphasized the importance of aggregate data over individual load data.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Stressed the timely need for a demand response monitor due to increasing flexible loads.</span></li>
</ul>
<h4><strong>Sam Morris:</strong></h4>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Discussed how load fluctuations in steel mills and other industrials would be reflected in aggregate data.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Confirmed that aggregate data would smooth out individual noise to provide valuable information.</span></li>
</ul>
<h4><strong>Shams Saddiqi:</strong></h4>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Suggested leaving calculation methods flexible for ERCOT to determine the best approach.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Proposed working with ERCOT outside of protocols to refine the method.</span></li>
</ul>
<h4><strong>General Discussions:</strong></h4>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Consensus on the importance of addressing demand response monitoring.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Possibility of delaying the discussion to further refine and address comments.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Agreement on forming a small group to collaborate on solutions.</span></li>
</ul>
<p><a href="/sharing/?token=617daa4a-081e-47f3-8de9-e841f149599d"><span style="font-weight: 400;">15</span></a><span style="font-weight: 400;"> - Combo Ballot - Vote - Eric Blakey</span></p>
<p><img src="/storage/docs/2024/07/July10WMSComboMoitons.png" width="1133" height="243" /></p>
<p><img src="/storage/docs/2024/07/July10WMSComboBallot.png" width="1073" height="1075" /></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Motion approved unanimously.</span></li>
</ul>
<p><a href="/sharing/?token=e0bce860-9380-4ca8-b9c1-f031bef7fa4f"><span style="font-weight: 400;">16</span></a><span style="font-weight: 400;"> - Other Business - Eric Blakey</span></p>
<p><a href="/sharing/?token=5109c181-0aa8-4e87-8324-6e263802302f"><span style="font-weight: 400;">16.1</span></a><span style="font-weight: 400;"> - Review Open Action Items - Jim Lee</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Mention of nearing year-end reviews.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Review of agenda's back showing one open action item and five parking lot items.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Items mostly under WMWG or CMWG, except for EPA discussion assigned to SAWG.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Encouragement for CMWG and WMWG to review open items and suggest removals if necessary.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">No reports from CMWG or MSWG.</span></li>
</ul>
<p><span style="font-weight: 400;">17 - Adjourn - Eric Blakey</span></p>
<p><a href="/sharing/?token=546cc28f-17ca-4fc2-b196-9e7eb9f6c936"><span style="font-weight: 400;">18</span></a><span style="font-weight: 400;"> - Future WMS Meetings - August 7, 2024</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Next meeting scheduled for August 7, 2024.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Plan for an in-person meeting next month.</span></li>
</ul>
<p> </p>