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ERCOT Market Monitoring Data Collection Business Requirements

This document outlines the market monitoring data collection business requirements to ensure fair competition, efficiency, and transparency in the Texas market. It covers objectives, assumptions, functional and supplemental requirements, and protocol coverage.

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ERCOT Market Monitoring Data Collection Business Requirements

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  1. Texas NodalIndependent Market Monitoring and Data CollectionFor Protocol Section 17Business Requirements DocumentSylvia Shiroyama – October 24, 2006 http://nodal.ercot.com 1

  2. Sources of Requirements to EDW • Requirements Through Project Teams • Requirements Due to Changing Source for Existing Reports/Extracts EDW • Independent Market Monitor Protocol 17 • Compliance Protocol 8 http://nodal.ercot.com 2

  3. Document Contents • Introduction • Scope • Document Conventions • Assumptions and Dependencies • Definitions • Structure • Functional Requirements • Supplemental Requirements • Functional Requirements • Requirements from Nodal Protocols • Requirements from other Binding Documents http://nodal.ercot.com 3

  4. Requirements Specification • Supplementary Requirements • Performance Requirements • Legal and Regulatory Requirements • System and Communication Requirements • Back up and Recovery Requirements • Availability and Redundancy Requirements • Maintainability Requirements • Training and Documentation Requirements • Usability Requirements • Protocol Coverage • Sub-Process Coverage http://nodal.ercot.com 4

  5. Scope The market monitoring data collection is designed to assist the PUCT and WEMM to: (a) Protect Market Participants and Customers from the exercise of market power and from market manipulations; (b) Ensure that there is effective and persistent competition for events that are not mitigated; (c) Ensure that the market design and implementation are efficient; (d) Guard against inefficiencies in the market and market manipulations; (e) Ensure a justifiable and reasonable price impact; and (f) Ensure that data posted on the MIS Public Area fulfills the objective of transparency of market information consistent with Section 1.3, Confidentiality. http://nodal.ercot.com 5

  6. Assumptions and Dependencies • A1) Auditor will provide recommendations to address potential areas for improvement. (Reference to FR5, FR6, FR7) • A2) Auditor will be auditing the data repository of required data and processes associated with that data repository. (Reference to FR5, FR6, FR7) • A3) The Data Archive as stated in the protocols is any data system which retains on-line operational data for 4 years and data in these systems will be maintained for an additional 3 years. (Reference to FR3, FR8) • A4) The Data Warehouse as stated in the protocols is any data system which retains on-line operational data for 4 years. (Reference to FR3, FR5, FR8) • D1) Data and process owners will identify the appropriate source system of record for all required and included data to be collected into the EDW. (Reference to FR3, FR8) • D2) The business owners of each source system are responsible for data validation prior to replication in the EDW. (Reference to FR3) • D3) The presentation functions of the MIS Public Area will be provided by the Nodal MIS project. (Reference to FR9) http://nodal.ercot.com 6

  7. Definitions and Acronyms http://nodal.ercot.com 7

  8. Functional Requirements • FR1 - Market Monitoring Data Collection • FR2 - Market Data Collection and Use • FR3 – Data Collection and Retention • FR4 – Data Catalog • FR5 – Accuracy of Data Collection • FR6 – Accuracy of Data Submission • FR7 – Annual Data Accuracy Audit • FR8 – Data Retention • FR9 – Provision of Data to Individual Market Participants • FR10 – Regulatory Reports • FR11 – Evaluation of ERCOT Operations and Market Performance • FR12 – Response to PUCT Data Requests – Substantive Rule 25.362(e)(1)(C) http://nodal.ercot.com 8

  9. Supplementary Requirements • Data Requirement Specification • Data Collection Timing Specification • Data Access Specification • Data Access Security • Data Access Performance Requirement http://nodal.ercot.com 9

  10. Protocol Coverage http://nodal.ercot.com 10

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