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Texas Nodal Market Implementation Readiness Update May 8, 2007

Texas Nodal Market Implementation Readiness Update May 8, 2007. Discussion Outline. Guiding Principles Current Status and Direction Nodal Success The Metric Map Progressive Measurement The Metric Template Metric Examples Next Steps.

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Texas Nodal Market Implementation Readiness Update May 8, 2007

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  1. Texas Nodal Market ImplementationReadiness UpdateMay 8, 2007

  2. Discussion Outline • Guiding Principles • Current Status and Direction • Nodal Success • The Metric Map • Progressive Measurement • The Metric Template • Metric Examples • Next Steps

  3. Metrics are designed to promote Market Readiness for 12/1/08 • Goals of Readiness • Encourage early participation • Minimize delinquency • Inform market of readiness declarations • Characteristics of Metrics • Simplicity • Easily reportable • Motivational tool for the market as a whole • Progressive measurement • Forwarding looking • Market Participant self reporting & ERCOT Observability

  4. New Direction: Comprehensive Draft Inventory developed • Current Status • 78 Metrics have been defined to include measurement criteria • Metric Map aligned to Early Delivery System Sequence Timeline • Direction • Begin preliminary measure of metrics • Review metrics with TPTF • Progressively report upon metrics status • Adopt Hall of Shame/Wall of Shame

  5. Nodal success is dependent on three critical components The success formula is stark and unforgiving… YOU ALL OF US! ERCOT STAFF NODAL PROJECT Nodal Control Milestones Readiness Metrics Importance to Nodal Success Today Time 12/1/08 Progress Indicators Performance Indicators …the emphasis will change over time

  6. Metric loading is time dependant upon Early Delivery System Sequence Timeline In Measurement Not Measured Measured

  7. Progressive measurement provides a temporal view of market readiness • Not Measured – Metric not measured. • White = Metric criteria is not evaluated • In Measurement – Metric is under preliminary measurement • Amber = Metric criteria is not met • Green = Metric criteria is met • Measured – Metric is under measurement • Red = Metric criteria is not met • Green = Metric criteria is met

  8. Three distinct yet aggregated views: Temporal, ERCOT, Market Participant EDS -1- EDS -2- EDS -3- EDS -4- Roll-up Method Roll-up Method Reported to: TPTF TAC BOD Roll-up Method Roll-up Method Roll-up Method Roll-up Method Reported to: ERCOT Directors Reported to: MP AE

  9. All metrics have been defined in a consistent manner

  10. Example: First out of the box Initiation Mobilization Delivery

  11. Example: A little later in the game

  12. Furthering the momentum • ERCOT to send Metric Inventory to TPTF for review and comment • TPTF to provide comment on initial review packet by: mm/dd/yyyy • Initiate self reporting • Review Roll-up method • Begin Reporting • Hall of Fame / Wall of Shame

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