ERCOT Nodal Readiness Plan Trip Doggett TAC Special Meeting September 7, 2005.

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Presentation transcript:

ERCOT Nodal Readiness Plan Trip Doggett TAC Special Meeting September 7, 2005

Outline Protocol Clarification Processes Touched Project Organization Procurement Process Refine Timeline Refine Cost Estimate

ERCOT reviewing Nodal Protocols to identify any areas requiring clarification prior to requirements gathering Protocol Clarification

Processes Touched

Project Organization Dedicated Implementation Team Business and IT co-leaders Co-locate team where possible Anticipate clarification of Governance Model to define point of interaction with Market Participants

Procurement Process Internal vs. External Development Vendor Identification Procurement Process Consider MP Review and Comments in the process

Refine Timeline Currently refining timeline to incorporate requirements from TNT Transition Plan –Test sequence –Market Readiness Criteria –6 months State Estimator load estimates –6 months of posted LMPs –168 Hour Test Additional refinement will occur after contracts are awarded

Refine Cost Estimate Currently refining cost estimate to incorporate requirements from TNT Transition Plan

Questions