Module 7 Statements & Invoices · 2016. 10. 5. · Invoice. DAM. Day-Ahead Market Statement....
Transcript of Module 7 Statements & Invoices · 2016. 10. 5. · Invoice. DAM. Day-Ahead Market Statement....
Module 7
Statements & Invoices
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• Navigate the Nodal Statements.
• Describe the timelines for Statements and Invoices.
• List the types of Invoices.
Upon completion of this module, learners will be able to:
Module Objectives: Statements & Invoices
Day 3
Real-Time
Statements &
Invoicing
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Statements & Invoices
CRR Auction
CARD Invoice
CRR Auction Invoice
DAM
Day-Ahead Market Statement
Real-Time
Real-Time Market Statement
CRR BalancingAccount
CRR Balancing Account Invoice
SettlementInvoices
Misc.Miscellaneous
InvoiceDefaultsDefault Uplift
Invoice
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CRR Auction Invoices
CRR Auction
CARD Invoice
CRR Auction Invoice
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CRR Invoices
CRR Auction Invoices
Invoice Receiving Entity Timeframe Contents
CRR Auction CRRAH Per Auction • Awarded CRRs
• Awarded PCRRs
CARDQSE
representing Load
Monthly • Distribution of remaining Auction Revenues
CRR Auction
CARD Invoice
CRR Auction Invoice
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CRR Auction Invoice Timeline
CRR Auction Invoices
CRR AuctionCRR Auction
Invoice
Day 1 *
Payments Due to ERCOT
Auction Completed
* Business Day
Day 5 **Day 4 **
Payments Due to CRR Account
Holders
Auction Results Posted
Auction Invoice
** Business Day & Bank Business Day
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CRR Auction Revenue Distribution (CARD) Invoice
CRR Auction Invoices
CRR AuctionCRR Auction
Invoice
Payments Due to ERCOT
* Business Day
Payments Due to QSEs with
Load
Last RTM Settlement of the
month posted
Card Invoiceissued
** Business Day & Bank Business Day
Final settlement only
Day 1 *Auction
Completed Day 7 **Day 6 **
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Day-Ahead Market: Statements
DAM
Day-Ahead Market Statement
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Day-Ahead Market Statement
Day-Ahead Market: Statements
DAM
Day-Ahead Market Statement
Statement Receiving Entity Timeframe Contents
Day-Ahead Market QSE Daily • Participation in the DAM
Day-Ahead Market CRRAH Daily • CRRs Settled in the DAM
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Day-Ahead Market Settlement Timeline
Day-Ahead Market: Statements
OperatingDay
Day 2 *Day Ahead
DAM Statement
Day 1 *
*Must be a Business Day or move to next Business Day
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Real-Time Market: Statements
Real-Time
Real-Time Market Statement
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Real-Time Market Statements
Real-Time Market: Statements
Real-Time
Real-Time Market Statement
Statement Receiving Entity Timeframe Contents
Real-Time Market QSE Daily • Participation in Real-Time
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Real-Time Settlement Timeline
Real-Time: Statements
Day 180*Operating Day
Day 5*
Initial Statement
Final Statement
True-Up Statement
Day 55*
*Must be a Business Day or move to next Business Day
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Settlement Invoices
SettlementInvoices
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Single Daily Settlement Invoice
Settlement Invoice
SettlementInvoices
Receiving Entity Statement Type Contents
Appearance on Settlement
Invoice
QSE • Day-Ahead Market• Real-Time
• Payments and charges from DAM
• Real-Time Initial settlement• Real-Time Final settlement• Real-Time True-Up settlement
Statement posting date
CRRAH Day-Ahead Market CRRs Settled in the DAM Statement posting date
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Settlement Invoice Timeline
Settlement Invoice
InvoiceDay + 2
InvoiceDay + 3
InvoiceDay
17001700
ERCOT Issues Invoice• DAM • RTM Initial• RTM Final• RTM True-up
Payment Due to ERCOT
Payment Due to Market Participant
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CRR Balancing Account Invoices
CRR BalancingAccount
CRR Balancing Account Invoice
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CRR Balancing Account Invoices
CRR Balancing Account Invoices
CRR BalancingAccount
CRR Balancing Account Invoice
Invoice Receiving Entity Timeframe Contents
CRR Balancing Account
CRRAH Monthly• Refund to CRR Account
Owners Short-Paid in the DAM
CRR Balancing Account
QSE representing
LoadMonthly • Disbursement of remaining
Balancing Account funds
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Default Uplift Invoices
Defaults
Default Uplift Invoice
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Default Uplift for DAM or Real-Time
Default Uplift Invoices
Invoice Receiving Entity Timeframe Contents
Uplift Invoice QSE orCRRAH
Short Pay + 180 Days
• Collects Short-Pay if no payment plan
• Pays to recipients previously short-paid
DefaultsDefault Uplift
Invoice
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Miscellaneous Invoices
Misc.
Miscellaneous Invoice
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Miscellaneous Invoice
Miscellaneous Invoices
Invoice Receiving Entity Timeframe Contents
Miscellaneous All Market Participants As Needed • Miscellaneous items
Misc.Miscellaneous
Invoice
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Statements & Invoices
CRR Auction
CARD Invoice
CRR Auction Invoice
DAM
Day-Ahead Market Statement
Real-Time
Real-Time Market Statement
CRR BalancingAccount
CRR Balancing Account Invoice
SettlementInvoices
Misc.Miscellaneous
InvoiceDefaultsDefault Uplift
Invoice
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Module Summary
$ Describe Nodal Statements & Invoices
$ Describe the timelines for Statements and Invoices.
Day 3
Real-Time
Statements &
Invoicing
Course Conclusion
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Course Topics
DAMParticipation in DAM• Energy• AS• PTP Obligations
DAM Commitment• Make-Whole
Settlement of CRRs purchased in the Auction
CRR Auction
Revenue Distribution
Charges & Payments for CRRs
RUCCommitment• Make-Whole• Clawback
Decommitment
Real-TimeReal-Time Activities• Imbalances• Base Point Deviations• Other odds & ends
Settlement of PTP Obligations purchased in the DAM
Real Time Ancillary Service Settlements
Revenue Neutrality
CRR BalancingAccount
Reconcile CRRShort payments
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Nodal Market Education
NODAL MARKET CURRICULUM ** available as web-based course
Nodal 101 ** An introduction to the ERCOT Nodal Market.
Retail 101 An introduction to the competitive retail market in the ERCOT Region.
LSE 201 ** Market tools to manage cost of serving Load in the ERCOT Nodal Market.
Basic Training Program Comprehensive overview of Market and System Operations in the Nodal Market design.
CRR Market Comprehensive overview of Congestion Revenue Rights.
Settlements 301 Comprehensive overview of financial settlements in the ERCOT Nodal Market.
Credit Management Comprehensive overview of financial credit management in the ERCOT Nodal Market.
Transmission 101 Overview of processes in the planning and operation of the ERCOT grid.
ERCOT Market Education [email protected]
ERCOT Training Cataloghttp://www.ercot.com/services/training/
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ERCOT Website http://www.ERCOT.com
ERCOT Protocolshttp://www.ercot.com/mktrules/nprotocols/
Market Educationhttp://www.ercot.com/services/training/
Market Education [email protected]
Additional Resources