ERCOT Congestion Management Working Group Meeting Notes - 2/22

Grid Monitor - staff writer
02/25/2024

<div class="news-image-container"><img src="/storage/docs/2024/02/special_report_1.jpg" /></div> <p class="MsoNormal" style="margin: 0in; font-size: 12pt; font-family: Calibri, sans-serif;">Agenda &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p> <p class="MsoListParagraphCxSpFirst" style="margin: 0in 0in 0in 0.5in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">1.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span>Antitrust Admonition</p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 0.5in; font-size: 12pt; font-family: Calibri, sans-serif;">&nbsp;</p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 0.5in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">2.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span>Agenda Review</p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 0.5in; font-size: 12pt; font-family: Calibri, sans-serif;">&nbsp;</p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 0.5in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">3.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span>Deferral from WMS: NPRR 1214 Reliability Deployment Price Adder Fix to Provide Locational Price Signals, Reduce Uplift and Risk</p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;"><span style="color: #003096;" data-darkreader-inline-color="">a.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span></span><span style="color: #003096;" data-darkreader-inline-color="">Rainbow Energy and DC Energy, two of the co-sponsors, briefly reviewed this revision for the group.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1.5in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -1.5in;"><span style="color: #003096;" data-darkreader-inline-color=""><span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>i.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span></span><span style="color: #003096;" data-darkreader-inline-color="">The intent is to correct RDPA which accounts for, and is intended to, reverse out-of-market actions for reliability and their price suppression impacts. Currently this ignores LMP&rsquo;s and is calculated on a system-wide basis, so it compensates all capacity on the system instead of only correcting prices for those units that would have been deployed, based on location. This revision sends locational price signals as an indifference payment to the impacted resources.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1.5in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -1.5in;"><span style="color: #003096;" data-darkreader-inline-color=""><span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>ii.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span></span><span style="color: #003096;" data-darkreader-inline-color="">This also will stop the current practice of paying this payment to resources that are on the constrained side of a constraint, even though they couldn&rsquo;t have been deployed. I.e., today we are paying non-dispatchable resources the RTDPA, this would stop that practice. This is a benefit to AS providers.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1.5in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -1.5in;"><span style="color: #003096;" data-darkreader-inline-color=""><span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>iii.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span></span><span style="color: #003096;" data-darkreader-inline-color="">This is a measure that will be in place until RTC is implemented, and removes the incentives from resources to chase the market price.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1.5in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -1.5in;"><span style="color: #003096;" data-darkreader-inline-color=""><span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>iv.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span></span><span style="color: #003096;" data-darkreader-inline-color="">The locational signal, which takes congestion into account and should reduce RUC make-whole payments.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1.5in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -1.5in;"><span style="color: #003096;" data-darkreader-inline-color=""><span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>v.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span></span><span style="color: #003096;" data-darkreader-inline-color="">This also adds the idea of a locational signal for the DC Tie flows. ERCOT is not sure whether this is possible, it depends on what system changes would be required to do this.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;"><span style="color: #003096;" data-darkreader-inline-color="">b.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span></span><span style="color: #003096;" data-darkreader-inline-color="">The group discussed the fact that RDPA was used to artificially raise the price to $9,000 during WS Uri, how that was done, and how scenarios would look after this change. Stakeholders also requested non-WS Uri examples that show the locational results of this revision.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;"><span style="color: #003096;" data-darkreader-inline-color="">c.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span></span><span style="color: #003096;" data-darkreader-inline-color="">A commenter pointed out that this could seem to send signals for additional transmission build-out to but it may not capture the extreme situations from the large congestion rents that would have to be captured for that to actually result. &nbsp;It was stated that transmission planning needs to continue to work at how to capture these extreme events. At some point the RDPA may become part of the transmission planning policy by request of the Commission. Therefore, this should capture the value of not having deliverable headroom due to transmission constraints during stressed conditions. The sponsors agreed that there are some unresolved questions there.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;"><span style="color: #003096;" data-darkreader-inline-color="">d.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span></span><span style="color: #003096;" data-darkreader-inline-color="">This remains tabled and will return on next month&rsquo;s agenda for additional discussion.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif;"><span style="color: #003096;" data-darkreader-inline-color="">&nbsp;</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 0.5in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">4.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span>CRR Transaction limits</p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">a.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="color: #003096;" data-darkreader-inline-color="">ERCOT posted spreadsheets containing information requested last month by stakeholders.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1.5in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -1.5in;"><span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>i.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="color: #003096;" data-darkreader-inline-color="">The 1<sup>st</sup> file shows multi-month bids submitted to long-term auctions. Over the last 3 years ~40% of bids submitted are multi-month bids.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1.5in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -1.5in;"><span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>ii.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="color: #003096;" data-darkreader-inline-color="">The 2<sup>nd</sup> file show bids that go un-cleared, and shows that the number of options not awarded has been around 88%, and about 2/3 of option awards had a clearing price above $0.25.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1.5in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -1.5in;"><span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span>iii.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="color: #003096;" data-darkreader-inline-color="">Utilizing the 1 penny price lever would not require a system change, just a change in the protocol to the minimum bid price definition.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">b.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="color: #003096;" data-darkreader-inline-color="">A stakeholder raised the issue of an award fee added onto what actually clears. He noted that what is trying to be achieved is disciplining the number of bids that don&rsquo;t clear, asserting that it makes more sense to charge a bid fee, rather that add a fee onto bids that actually clear. ERCOT understood this perspective. Other stakeholders supported the idea of finding a way to minimize bids that won&rsquo;t clear. The idea is that there is an intrinsic value to a bid, that where the 1 penny came from. The group then discussed whether this fee should be applied to all bids or only bids that don&rsquo;t clear.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">c.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="color: #003096;" data-darkreader-inline-color="">A stakeholder asked whether there was a specific group of CRR account holders that are responsible for the majority of these bids. While some account holders submit the maximum number of bids, there isn&rsquo;t a specific group driving this. The group noted that another option could be to lower the number of maximum bids, and ERCOT noted that doing this would not require a system change.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">d.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="color: #003096;" data-darkreader-inline-color="">Another suggestion was made to eliminate multi-month bidding and to optimize bidding month-to-month. This is a viable option, but system changes would be required. ERCOT would have to trend data to determine the scope of those changes. One of those changes would be to break out multi-month bids into individual months. Also, Market Participants would have to submit credit differently, requiring a credit lock for each month. Another stakeholder pointed out that getting rid of six-month bids, could result in 6 individual month bids, which would help the issue, but ERCOT suggested that not all multi-month bids are 6-month bids.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">e.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="color: #003096;" data-darkreader-inline-color="">ERCOT noted that most options that don&rsquo;t include a bid fee, won&rsquo;t address the fact that the number of CRR account holders is increasing and changing the number of transactions is still capped at ~400,000 bids.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">f.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="color: #003096;" data-darkreader-inline-color="">Discussion to continue next month.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif;">&nbsp;</p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 0.5in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">5.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span>NPRR 1198/NOGRR 258</p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">a.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="color: #003096;" data-darkreader-inline-color="">The sponsor, EDF Renewables, noted that new comments were filed on NOGRR258. They stated that they hope to have a hashed-out, agreed draft at next month&rsquo;s meeting that resolves the outstanding issues.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">b.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="color: #003096;" data-darkreader-inline-color="">Some outstanding issues are clarifying that these requests are for economic benefits and not a solution to reliability violations. The prior language regarding reliability violations had several unintended consequences. There is also an ability built into the current version that allows a configuration to be determined useful for a period of time, allowing them to be set and left in place. It was noted that this occurs before SCED fails to dispatch. These issues aren&rsquo;t assigned to CMWG and are being discussed at other working groups.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">c.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="color: #003096;" data-darkreader-inline-color="">The issue of transparency associated with the review periods was assigned to CMWG by WMS. This was raised in Oncor&rsquo;s comments. The sponsor has proposed reverting that portion of the language to its previous version which allows ERCOT to post notice when a complete application has been received. These comments are on top of the most recent LCRA comments.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">d.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="color: #003096;" data-darkreader-inline-color="">It was noted that this revision gives TSP&rsquo;s back the ability to optimize their system, within this framework. Other commenters suggested that this subverts SCED; the sponsor disagreed.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">e.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="color: #003096;" data-darkreader-inline-color="">This remains tabled and will return next month.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif;">&nbsp;</p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 0.5in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">6.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span>RENA Update (Questions Only)</p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">a.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="color: #003096;" data-darkreader-inline-color="">There were no questions.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">b.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="color: #003096;" data-darkreader-inline-color="">CMWG leadership asked ERCOT whether this report is generated specifically for CMWG, or if it is used more generally. ERCOT produces it just for CMWG, but indicated that it isn&rsquo;t work intensive. Other stakeholders noted that this RENA report is to ensure that the work that was put in place through prior work continues to be effective. It was suggested that this report could be made quarterly or at a different periodicity. This will be discussed at a future meeting.</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif;"><span style="color: #003096;" data-darkreader-inline-color="">&nbsp;</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 0.5in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">7.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span>Other Business</p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">a.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span><span style="color: #003096;" data-darkreader-inline-color="">None</span></p> <p class="MsoListParagraphCxSpMiddle" style="margin: 0in 0in 0in 1in; font-size: 12pt; font-family: Calibri, sans-serif;">&nbsp;</p> <p class="MsoListParagraphCxSpLast" style="margin: 0in 0in 0in 0.5in; font-size: 12pt; font-family: Calibri, sans-serif; text-indent: -0.25in;">8.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </span>Adjourn</p>