Commercial Market Operations Report
Betty Day
ERCOT Board of Directors
y y
June 21, 2011ERCOT Board of Directors
Summary
Retail Activity• Overall Activity – Continued strong switching activity. The Mass Transition noted in May was result of a Mass Acquisition
(the sale of one REP’s customers to another REP). No default occurred.• Transaction Performance Measures – All measures were above the 98% target for May.• Advanced Metering – Passed the 3M mark in settling Advanced Meters. More than 70% of the load in ERCOT is being
ttl d ith 15 i d t (AMS d IDR)settled with 15-min data (AMS and IDR).
Wholesale Activity
• Settlements & Billing Performance – Perfect performance in May.• Settlement Dollars – Daily average settlement dollars were $10.18M in May compared to $8.45M in April. The increase
was due to higher prices and warmer weather.• Reliability Services – There were increased levels of RUC commitments during May.• Capacity Services – Ancillary Service costs were down slightly overall compared to April. The biggest drivers in this were
Responsive and Non SpinResponsive and Non-Spin.• Congestion Management – CRRs were fully funded for May.• Revenue Neutrality – Load received a revenue neutrality credit of $1.38M in May. This was down slightly from April.• Verifiable Costs – Three new verifiable cost submissions were approved during May representing 1,100 MW.
Market Extracts and Reports O 1 1M t d t t t d d i M d 23 5M d l d• Market Extracts and Reports – Over 1.1M reports and extracts were posted during May and over 23.5M downloads occurred.
• Disputes – A total of 343 disputes have been filed since Nodal go-live. The volume of disputes continues to be low.• REPs and QSEs Added/Terminated
0 new REPs 0 terminated REP
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– 0 new REPs – 0 terminated REP– 3 new QSEs – 2 terminated QSEs
Overall Activity
Transaction Type
Retail Transactions Summary
05/31/2011 05/31/2010 2011 2010YTD May
Transaction TypeSwitches 307,753
Move - Ins 851,733
05/31/2011289,435
902,605
05/31/201060,910
177,993
201159,680
191,475
2010
,
Move Out
CSA 131 912
,
176 918
,
93,555
26 666
,
108,148
38 457
436,249 493,710
CSA 131,912 176,918 26,666 38,457
Mass Transition 22,056 0 14,869 0(Continuous Service Agreement)
Total 1,749,703
Since 1 2001
1,862,668 373,993 397,760
3
June 1, 2001 42,131,295
ERCOT PublicJune 21, 2011
Retail Transactions SummarySwitches Move‐Ins
Move‐Outs Mass Transition
*Due to Mass Acquisition of Customers . No default occurred.
*
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Retail Performance Measures – 2011 Switch 1st Quarter 2nd Quarter
3rd Quarter 4th Quarter
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1st Quarter 2nd Quarter
Retail Performance Measures – 2011 Move-In / Priority
3rd Quarter 4th Quarter
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1st Quarter 2nd Quarter
Retail Performance Measures – 2011 Move-In / Standard
3rd Quarter 4th Quarter
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Migration from Native Affiliate REP
% of ESI IDs% of Load 1
R id ti l
at4/30/11
at4/30/11
at4/30/10
50%54%57%
at4/30/10
52%Residential
Small Non-Residential
50%
57%
54%
61%
57%
82%
52%
81%
Large Non-Residential 78%80%79% 78%
1 - Percent of Deregulated (Non-NOIE) ESI IDs and Load. Usage based on monthly ttl t lt
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settlement results.
Advanced Meter Settlement Impacts
• Now settling more than 3M ESIIDs using Advanced Meter data!
• More than 99% of actual reads from AMS are available for initial settlement.
More than 70% of the load in ERCOT is settled with 15-min interval data (AMS and IDR).
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ERCOT Wide Load Volumes by Meter Type – INITIAL Settlement
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Settlements and Billing Performance Measures – May 2011
To Date May05/31/11 201105/31/11 2011
Settlement Statements:Zonal 44,436 5,692Day Ahead Market 35,170 6,101Real Time Market 60,758 13,821Total 140,364 25,614Untimely 199 0Balance 140,165 25,614% Within Protocol 99.86% 100.00%
I iInvoices:Zonal 4,792 720Day Ahead Market 35,170 6,101Real Time Market 5,115 898
CRR Auction* 504 90
Balancing Account* 890 193 CRR Auction Revenue Disbursement (CARD) 796 99
Total 47,267 8,101
Untimely - -
Balance 47 267 8 101
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Balance 47,267 8,101 % Within Protocol 100% 100%
May 2011 Market Total Settlement Dollars
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Reliability Services
May 2011 ($'s in millions)
Reliability Unit CommitmentReliability Unit Commitment
• Make Whole Payments ($2.76)• Claw Back Charges $0.87
Total Reliability Unit Commitment ($1.88)
• Capacity Short Charges $2.76 • Make Whole Uplift $0.00
• RUC Decommitment Payments $0.00
Note:Positive amounts are a charge to the Market ParticipantNegative amounts are a payment to the Market Participant
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Capacity Services - Cost
May($'s in millions)
May($'s in millions)
2010 2011Capacity Services**:Reg Up $4.7 $4.5 Reg Down $4.2 $3.2 Responsive Reserve $8.3 $13.0 Non-Spinning Reserve $5.3 $8.2 Black Start $0.5 $0.4 RMR Capacity* $1.3 $0.0 Voltage Services - Reactive Power n/a $0.0 Voltage Services - Lost Opportunity n/a $0.0 TOTAL CAPACITY SERVICES $24.3 $29.3
* Includes Stand-by, Energy, and Non-Performance**Includes Day-Ahead Market and Supplementary Ancillary Service Markets
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Capacity Services - Volumes
Reg Up*: May 2010 May 2011Required (MW) 640,447 438,748 Self Arranged (MW) 126,816 13,482
Procured DAM (MW) 425,267 Procured RTM (MW) 266 Failure to Provide (MW) 330 Total Procured 515,659 425,532 % Procured 80.5% 97.0%
Reg Down*:Required (MW) 680,682 375,848 Self Arranged (MW) 138,659 20,897
Procured DAM (MW) 354,951 Procured RTM (MW) 329 ( )Failure to Provide (MW) 331 Total Procured 543,806 355,279 % Procured 79.9% 94.5%
Responsive Reserve:Required (MW) 1,708,887 1,711,308 Self Arranged (MW) 650,988 393,666
Procured DAM (MW) 1,317,642 Procured RTM (MW) 1,364 Failure to Provide (MW) 1,384 Total Procured 1,060,306 1,319,006 % Procured 62.0% 77.1%
Non-Spinning Reserve:Required (MW) 1 189 794 1 309 567Required (MW) 1,189,794 1,309,567 Self Arranged (MW) 306,380 125,820
Procured DAM (MW) 1,183,747 Procured RTM (MW) -Failure to Provide (MW) -Total Procured 885,808 1,183,747 % Procured 74 5% 90 4%
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% Procured 74.5% 90.4%
*A/S Methodology changed in Dec 2010
Energy Settlement
M 2011May 2011 ($'s in millions)
• Day Ahead Market Energy Settlement
Energy Purchases $424.27
Point to Point Obligations Purchases $27.99
RMR Day Ahead Revenue $0.00
Energy Sales ($413.76)
Day Ahead Congestion Rent $38.50
Day Ahead Make Whole Payments ($0.23)
• Real Time Market Energy SettlementReal Time Energy Imbalance
~Resource Node Settlement Points ($581.24)
~Load Zone Settlement Points $801.57
~ Hub Settlement Points ($176.69)($ )
Real Time Congestion from Self Schedules $0.19
Block Load Transfers and DC Ties ($7.02)
Energy Settlements Impact to Revenue Neutrality $36.82
Emergency Energy Payments ($0.05)Base Point Deviation $0 47Base Point Deviation $0.47
(MWh in millions)Real Time Metered Generation 27.53
Note:Positive amounts are a charge to the Market Participant
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Positive amounts are a charge to the Market ParticipantNegative amounts are a payment to the Market Participant
Congestion Management
May 2011 ($'s in millions)
• Auction DisbursementsAnnual Auction $0.00 Monthly Auction ($31.39)Total Disbursements ($31.39)
• CRR SettlementDay Ahead CRR Settlement ($33.40)y ( )Day Ahead CRR Short Charges $0.27 Day Ahead CRR Short Charges Refunded ($0.27)Real Time CRR Settlement ($8.08)Real Time CRR Short Charges $0.04 Real Time CRR Short Charges Refunded ($0 04)Real Time CRR Short Charges Refunded ($0.04)Total Proceeds ($41.48)
• PTP Obligations Acquired in DAMDay Ahead Point to Point Obligation Settlement $27.99 Real Time Point To Point Obligation Settlement ($27 35)Real Time Point To Point Obligation Settlement ($27.35)Net Settlement $0.63
Note:Positive amounts are a charge to the Market Participant
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Positive amounts are a charge to the Market ParticipantNegative amounts are a payment to the Market Participant
Net Impact to Load
May 2011 ($'s in millions)
Market-Based Fees
Auction Disbursements ($31.39)
Balancing Account Proceeds ($5.10)
Net Reliability Unit Commitment $1.88
Capacity Services* $29 32Capacity Services $29.32
Real Time Revenue Neutrality ($1.38)
Emergency Energy Payments $0.05
Base Point Deviation Charge ($0.47)
($7 10)($7.10)
ERCOT Fees
ERCOT Administrative Fee $11.57 Net Impact to Load $4.47
Note:Positive amounts are a charge to the Market Participant
* RMR included in Capacity Services
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Positive amounts are a charge to the Market ParticipantNegative amounts are a payment to the Market Participant
Revenue Neutrality
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Note:Positive amounts are a charge to the Market ParticipantNegative amounts are a payment to the Market Participant
Daily DAM and RTM Activity
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Verifiable Costs
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Extract & Report Postings
Market Extract & Report PostingsMarket Extract & Report PostingsRun on Jun 7, 2011 2:01:39 PM
Start Date: May 1, 2011End Date: May 31, 2011
Posting Classifications:
TOTAL POSTINGS TOTAL FILE SIZE (GB)1,117,955 173.35
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Posting Classifications:Certified = Available only to the Market Participant owning that dataSecure = Available to any Market Participant with a digital certificatePublic = Available to all Market Participants & general public (via ERCOT.com)
Extract & Report Postings
Top 10 Market Extract & Report PostingsTop 10 Market Extract & Report PostingsRun on Jun 7, 2011 2:02:39 PM
Start Date: May 1, 2011End Date: May 31, 2011
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Extract & Report Downloads
Market Extract & Report DownloadsMarket Extract & Report DownloadsRun on Jun 7, 2011 2:01:06 PM
Start Date: May 1, 2011End Date: May 31, 2011
Posting Classifications:
TOTAL DOWNLOADS TOTAL FILE SIZE (GB)23,567,580 1,190.27
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Posting Classifications:Certified = Available only to the Market Participant owning that dataSecure = Available to any Market Participant with a digital certificatePublic = Available to all Market Participants & general public (via ERCOT.com)
Extract & Report Downloads
Top 10 Market Extract & Report DownloadsTop 10 Market Extract & Report DownloadsRun on Jun 7, 2011 2:02:13 PM
Start Date: May 1, 2011End Date: May 31, 2011
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ERCOT Wholesale Market Settlement Dispute Report
CRR Market Day‐Ahead Mkt Real Time Mkt
May 2011
CRR Market Day‐Ahead Mkt Real Time Mkt
Current Month*
SinceDec 1, 2010
Current Month*
SinceDec 1, 2010
Current Month*
SinceDec 1, 2010
Received 0 17 9 65 19 261
Granted 0 1 1 1 20 68
Granted w/Exception 0 0 2 2 4 10
Denied 1 15 3 47 30 104
In Process 0 1 0 15 0 79
*Some current month activity is on disputes that were received in prior months.
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REPs and QSEs Added/Terminated – as of May 31, 2011
• Added REPs • Added QSEs N/A Dynasty Power Inc (QSE – L1)
Dyon LLC (QSE L1) Dyon LLC (QSE – L1) North Maple Energy LLC (QSE – 1)
• Terminated REPs • Terminated QSEs N/A Jump Power LLC (QSE – L1)
SESCO Enterprises LLC (QSE) SESCO Enterprises LLC (QSE)
QSE Count Level Qualification Description83 1 Performs Inter‐QSE trades only; no direct representation of Load Serving Entity or Resource Entity129 2 Represents Load Serving Entity ; no direct representation of Resource Entity61 3 Represents Load Serving Entity and/or Resource Entity without providing Ancillary Services52 4 Represents Load Serving Entity and/or Resource Entity and provides Ancillary Services
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325 total (includes Sub‐QSEs)
Questions?