1 / 1

Protocol Section 4.4.10, “Credit Requirement for DAM Bids and Offers” specifies:

Credit Requirement for DAM Bids and Offers <possible vote>. Protocol Section 4.4.10, “Credit Requirement for DAM Bids and Offers” specifies:.

admon
Download Presentation

Protocol Section 4.4.10, “Credit Requirement for DAM Bids and Offers” specifies:

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Credit Requirement for DAM Bids and Offers <possible vote> Protocol Section 4.4.10, “Credit Requirement for DAM Bids and Offers” specifies: “For qualified PTP Obligation bids, ERCOT shall reduce the credit exposure in paragraph (6)(d)(i) above, by the product of the bid price, if positive, and the quantity of the bid less than or equal to the quantity of the total of all expiring CRRs at the specified source and sink pair and delivery period, less all valid previously submitted PTP Obligation bids at the specified source and sink pair and delivery period multiplied by a factor initially set at 80% and to be reviewed by TAC and approved by the ERCOT Board at least annually.” At its April 23rd 2012 meeting CWG/MCWG endorsed the existing factor with no revisions.

More Related