Description A PTP Obligation with refund is only available to a NOIE and is pre-assigned at the CRR Auction and non-tradable. Settlement of PTP Obligations with Refund in DAM is described as follows: (PR7.9.1.5) Except as specified otherwise in paragraph (2) below, ERCOT shall pay the owner of a PTP Obligation with Refund the difference in the Day-Ahead Settlement Point Prices between the sink Settlement Point and the source Settlement Point, subject to a charge for refund, when the price difference is positive. The payment of PTP Obligations with Refund may be further reduced due to transmission elements that are oversold in previous CRR auctions. Calculation Variable Unit Description Interval Source Frequency DAOBLRAMT o, (j, $ payment 1 / hour Calculated Yes Day-Ahead Obligation with Refund Amount per CRR Owner per pair of source and sinkThe k) to CRR Owner for the PTP Obligation with Refund with the source and the sink settled in the o j k, DAM, for the hour. DAOBLRTP o, (j, k) $ 1 / hour Calculated Yes Day-Ahead Obligation with Refund Target Payment per CRR Owner per source and sink pair—The target payment for CRR Owner PTP Obligations with Refund, with the source and the sink o’s j k, settled in the DAM, for the hour.
Description A PTP Obligation with refund is only available to a NOIE and is pre-assigned at the CRR Auction and non-tradable. Settlement of PTP Obligations with Refund in DAM is described as follows: (PR7.9.1.5) Except as specified otherwise in paragraph (2) below, ERCOT shall pay the owner of a PTP Obligation with Refund the difference in the Day-Ahead Settlement Point Prices between the sink Settlement Point and the source Settlement Point, subject to a charge for refund, when the price difference is positive. The payment of PTP Obligations with Refund may be further reduced due to transmission elements that are oversold in previous CRR auctions. Calculation Variable Unit Description Interval Frequency Source DAOBLRAMT o, (j, k) $ Day-Ahead Obligation with Refund Amount per CRR Owner per pair of source and sinkThe payment to CRR Owner o for the PTP Obligation with Refund with the source j and the sink k, settled in the DAM, for the hour. 1 / hour Calculated Yes DAOBLRTP o, (j, k) $ Day-Ahead Obligation with Refund Target Payment per CRR Owner per source and sink pair—The target payment for CRR Owner o’s PTP Obligations with Refund, with the source j and the sink k, settled in the DAM, for the hour. 1 / hour Calculated Yes
Nodal_Settlements_Handbook.docx