Market Notices – Current State Ted Hailu Communications and Settlements Working Group (CSWG) ERCOT Public July 28, 2014.

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Presentation transcript:

Market Notices – Current State Ted Hailu Communications and Settlements Working Group (CSWG) ERCOT Public July 28, 2014

ERCOT Public Market Notices – Current State Definition: Market Notice A notice required by the Protocols or any Other Binding Document, or at ERCOT’s discretion, regarding market-relevant information that shall be communicated through ERCOT publicly-subscribed electronic distribution channels. Notice or Notification The sending of information by an entity as called for in these protocols. Attention Everyone !! ERCOT wants you to know…

ERCOT Public Market Notices – Current State Various routes for notices:

Market Notices – Current State What triggers a market notice? Required by Protocols and Other binding documents –Protocols and OBDs define content ERCOT shall issue a Market Notice when …….. ERCOT shall provide notice to all Market Participants …. ERCOT shall inform market participants of …… –COPMG – Appendix A – Market Notice Process Service Level Agreement (Outages / Processing Impacts) Format of market notice content Audience - notification subscription lists Other triggers –Market Events, System Changes, Training, Informational, Surveys, RFIs –Etc… ERCOT Public

Market Notices – Current State Audience Registered Market Participant contacts –Authorized Representatives –Accounts Payable –Credit –User Security Administrators (USA) –Etc.. Publically subscribed distribution lists ERCOT Public Bulletins Contracts CRR General Grid Conditions Legal Operations PRR / SCR Extracts - Retail Release - Retail CRR Retail Processing Testing - Retail Settlements Training Extracts - Wholesale Release - Wholesale

Market Notices – Current State Some statistics on market notices Approximately 2,000 market notices since Nov 2010 (Nodal Market Open) Average of 2 per day Market Notices by type ERCOT Public

Market Notices – Current State Room for improvement – Where do we go from here?? Audience –Review public distribution lists –Authorized Representatives –Market Notices vs Stakeholder Communication Volume –Possible reductions –Other notification methods Timeliness –Automated messages Delivery Routes – , MIS, Web-Site, RSS etc.. –Push vs Pull –Archiving of market notices Feedback –Assess satisfaction / survey ERCOT Public

Questions ERCOT Public Market Notices – Current State