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Meeting Summary - 01/16/2025 CMWG Meeting

Grid Monitor AI
01/16/2025

<img src="/storage/docs/2025/01/01-16-2025-CMWG-hero.png" width="803" height="600" /> <h2><a href="/sharing/?token=86204db5-ea48-4688-83c9-13fc2f8ffcef">▶️</a> 1 - Antitrust Admonition - Alex Miller</h2> <h2><a href="/sharing/?token=6adef2b6-b494-4fac-b381-b5072e67a646">▶️</a> 2 - Agenda Review - Alex Miller</h2> <h2><a href="/sharing/?token=69707bda-a00a-4bc9-9dcc-ddc63c219b59">▶️</a> 3 - 2025 Leadership Nominations - Alex Miller</h2> <ul> <li style="font-weight: 400;" aria-level="1">Alex Miller confirmed returning as chair for 2025.</li> <li style="font-weight: 400;" aria-level="1">Nominations needed for a new chair and co-chair positions; the CMWG is not a voting body.</li> <li style="font-weight: 400;" aria-level="1">Nominees will be presented to WMS for a vote.</li> <li style="font-weight: 400;" aria-level="1">Discussion on scheduling conflicts with CRR auctions; meetings in 2025 were accidentally scheduled on auction closing days.</li> <li style="font-weight: 400;" aria-level="1">Plan to revisit and adjust the CMWG schedule to avoid conflicts with CRR auctions and Oncor activity.</li> <li style="font-weight: 400;" aria-level="1">Nomination of Chenyan Guo as chair, with Beverly Lowe and Shane Thomas as co vice-chair positions.</li> <li style="font-weight: 400;" aria-level="1">No other nominations from the room, nominations will be sent to WMS for approval.</li> </ul> <h2><a href="/sharing/?token=5ef1c39f-462c-4160-aa62-0c9add2731ea">▶️</a> 4 - CRR LTAS Performance - Samatha Findley</h2> <a href="/storage/docs/2025/01/crr-cmwg_01162025.pdf">crr-cmwg_01162025.pdf</a> <ul> <li style="font-weight: 400;" aria-level="1">Highlighted a discussion started by Matt Mereness concerning ERCOT's CRR auction transaction limits.</li> <li style="font-weight: 400;" aria-level="1">Updated the council about the annual CRR activity calendar with a draft posted alongside meeting materials.</li> <li style="font-weight: 400;" aria-level="1">Noted a significant increase in peak weekday transaction run times compared to previous auctions, despite fewer transactions per account holder.</li> <li style="font-weight: 400;" aria-level="1">Opened discussion on whether current transaction limits per counterparty and account holder are sufficient as ERCOT considers redesign options and hardware upgrades.</li> <li style="font-weight: 400;" aria-level="1">Mentioned continued growth in market participants which could strain current software capacity.</li> <li style="font-weight: 400;" aria-level="1">Blake Holt from LCRA indicated current transaction limits are adequate for his organization but emphasized keeping track of market growth.</li> <li style="font-weight: 400;" aria-level="1">Shane Wallin confirmed understanding of transaction limits per counterparty and discussed NPRR936 which prioritizes account holder flexibility.</li> <li style="font-weight: 400;" aria-level="1">Chris McCafferty and Matt Mereness raised the issue of significant penny bids and suggested solutions to alleviate bid volume pressure.</li> <li style="font-weight: 400;" aria-level="1">Shane Thomas recommended starting bid limits at 4,000 per account holder, with a maximum of 10,000, as a response to possible future changes.</li> <li style="font-weight: 400;" aria-level="1">Discussed whether the system capacity of 400,000 transactions is sufficient or needs to increase to accommodate growth.</li> <li style="font-weight: 400;" aria-level="1">Explored the idea of a survey to gather anonymous market participant feedback regarding transaction needs.</li> <li style="font-weight: 400;" aria-level="1">Monica from Vistra confirmed a presentation next month on a new time of use concept.</li> <li style="font-weight: 400;" aria-level="1">Felix and Samantha Findley supported the idea of a survey to obtain comprehensive market feedback.</li> <li style="font-weight: 400;" aria-level="1">NPRR1261 for operational flexibility for CRR auction limits was approved to go to TAC at PRS.</li> <li style="font-weight: 400;" aria-level="1">Reminder: 3,000 per account holder transaction limit is used for all LTAS auctions until NPRR is implemented.</li> <li style="font-weight: 400;" aria-level="1">Work is ongoing with the vendor for impact analysis concerning NPRRs for removing multi-month bidding functionality and the option pricing report.</li> <li style="font-weight: 400;" aria-level="1">Clearing prices for CRRs are provided after each auction, stemming from NPRR749 implemented in 2019 to reduce the number of option bids.</li> </ul> <h2><a href="/sharing/?token=282b29b4-2e54-4486-925f-412943c4041f">▶️</a> 5 - CRR Activity Calendar Update - Samantha Findley</h2> <ul> <li style="font-weight: 400;" aria-level="1">CRR activity calendar showed the annual and next two years of CRR auction dates; draft awaiting comments.</li> <li style="font-weight: 400;" aria-level="1">Model build process starts 3 weeks before auction posting; extended from 2 weeks due to model tool changes.</li> <li style="font-weight: 400;" aria-level="1">General pattern: Monthly auctions taking place in the first half of the month with the long term auction bid window the following week, adjusted for holidays.</li> <li style="font-weight: 400;" aria-level="1">Calendar includes protocol references and PCRR dates/tabs.</li> <li style="font-weight: 400;" aria-level="1">Draft calendar discussion about taking it to WMS for approval on February 5th; posted after approval.</li> <li style="font-weight: 400;" aria-level="1">Discussion over future implementation of NPRR936, affecting auction participant limits.</li> </ul> <h2>▶️ 6 - Solar TOU Proposal - C.Ordonez </h2> <ul> <li style="font-weight: 400;" aria-level="1">Not discussed</li> </ul> <h2><a href="/sharing/?token=86c00250-ae80-4df1-ae58-a55d14fbcb4d">▶️</a> 7 - RENA Update - Questions Only - ERCOT</h2> <a href="https://ercot-control-docs.s3.us-west-2.amazonaws.com/15/rena_report_october_2024_cmwg.pdf">rena_report_october_2024_cmwg.pdf</a> <ul> <li style="font-weight: 400;" aria-level="1">No questions were raised regarding the RENA update.</li> </ul> <h2><a href="/sharing/?token=dfd8cce4-156d-4069-961d-a1d906b6bfa5">▶️</a> 8 - Other Business - Alex Miller</h2> <ul> <li style="font-weight: 400;" aria-level="1">Noted a conflict with the CRR activity in the calendar; plan to adjust the schedule to resolve this.</li> <li style="font-weight: 400;" aria-level="1">Discussion about bringing the solar time of use product proposal next month.</li> <li style="font-weight: 400;" aria-level="1">Progress is being made on NPRR1214, the locational RDPA adder, with comments advancing towards a posting.</li> <li style="font-weight: 400;" aria-level="1">NPRR1214 might go back to WMS for review unless there are significant changes.</li> <li style="font-weight: 400;" aria-level="1">No new referrals received from WMS in the past month.</li> <li style="font-weight: 400;" aria-level="1">Plan to bring leadership nominations to WMS for a vote.</li> <li style="font-weight: 400;" aria-level="1">Meeting adjourned with no further questions.</li> </ul>