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CSWG Update To COPS 8/14/2012

CSWG Update To COPS 8/14/2012. Jim Galvin. Settlement Observations- LZ to Hub June 2012 to July 2012. Settlement Observations- LZ to Hub July Year over Year. Q2 2012 v Q2 2011 Price Volatility. Prices are ERCOT North HUB. Cost to Serve Load- July 2012 v 2011.

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CSWG Update To COPS 8/14/2012

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  1. CSWG Update To COPS8/14/2012 Jim Galvin

  2. Settlement Observations- LZ to Hub June 2012 to July 2012 Meeting Title (optional)

  3. Settlement Observations- LZ to Hub July Year over Year Meeting Title (optional)

  4. Q2 2012 v Q2 2011 Price Volatility Prices are ERCOT North HUB

  5. Cost to Serve Load- July 2012 v 2011

  6. Settlement Observations- Summary • Cost to Serve Load down year over year by $0.58 • Market prices down on average by approximately $15 • Market price volatility down significantly for Q2 2012 compared to 2011 • West Zone Prices and West Zone to West HUB congestion activity continues to be active • Significant increase in prices clearing at $18 or less • Drivers: • Lower gas prices • Weather impact (4 degrees cooler in 2012 compared to 2011) • West wind activity

  7. NPRR 347 Implementation Plan • NPRR 347 and NPRR 391 present significant changes to the current settlement and invoicing timeline • NPRR 347 combines DAM and Real Time settlements to a single daily invoice • NPRR 391 ramps up the due date to 2-days (bank business days) and eliminates ACH as a method of payment of invoices • CSWG continues to follow progress of the project at the monthly meetings with project staff reporting on status and milestones • ERCOT provided at July CSWG meeting a transition plan for the implementation of these changes

  8. NPRR 347 Implementation Plan • Last DAM Invoice is for Operating Day 11/7, • Posts on 11/9 • Payments due to ERCOT on 11/15, on the 3rd BBD • Last RTM Invoice posts on 11/15 • Payments due to ERCOT on 11/26, on the 5th BBD • First Settlement Invoice posts on 11/12 • Payments due to ERCOT on 11/14, on the 2nd BBD • Settlement Calendar • Entries for Settlement Invoices will be added in October • DAM Invoice and RTM Invoice entries will be deleted in November • Link to ERCOT presentation: http://www.ercot.com/calendar/2012/07/20120716-CSWG

  9. NPRR 347 Implementation Plan • Initial XML document outlining the invoice format will be available in advance for participants to begin formatting their systems for the changes • Limited Testing will be available to ensure Market Participants can retrieve invoices in their new format • Participants are encouraged to continue to follow CSWG for updates and information

  10. Questions? Meeting Title (optional)

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