module 7: statements & invoicesslide 36 course topics • charges and payments for crrs rucdam...
TRANSCRIPT
Module 7: Statements & Invoices
Slide 2
Module Objectives: Statements & Invoices
Upon completion of this module,
learners will be able to:
• Navigate the Nodal Statements.
• Describe the timelines for Statements and
Invoices.
• List the types of Invoices.
Day 3
Real-Time
Statements &
8:30 A
1:00 P
Invoicing
Slide 3
Statements & Invoices
CRR Auction Invoice
CRR Auction
CARD Invoice
CRR Balancing
Account Invoice CRR Balancing
Account
Misc. Miscellaneous
Invoice
Defaults Default Uplift
Invoice
DAM
Day-Ahead Market
Statement
Real-Time
Real-Time Market
Statement
Settlement Invoice Settlement
Invoices Late Fee Invoice
Slide 4
CRR Auction Invoices
CRR Auction
CARD Invoice
CRR Auction
Invoice
Slide 5
CRR Invoices
Invoice Receiving
Entity Timeframe Contents
CRR
Auction CRRAH Per Auction
•Awarded CRRs
•Awarded PCRRs
CARD
QSE
representing
Load
Monthly •Distribution of remaining
Auction Revenues
CRR Auction CRR Auction Invoice
CRR Auction Invoices
CARD Invoice
Monthly Auction Invoice
Slide 7
CRR Auction Invoices
CRR Auction Invoice Timeline CRR Auction
CRR Auction Invoice
Auction Completed Day 1* Day 3** Day 4**
Auction Invoice
Payments Due to ERCOT
Auction Results Posted
Day 2**
** Bank Business Day
*** Business Day and Bank Business Day
* Business Day
Day 5***
Payments Due to CRR
Account Holders
Slide 8
Slide 9
CRR Auction Invoices
CRR Auction Revenue Distribution
(CARD) Invoice
CRR Auction CARD Invoice
Final settlement only
Day 1* Day 6**
CARD Invoice issued
Payments Due to ERCOT
Last RTM Settlement of the month posted
** Bank Business Day
*** Business Day and Bank Business Day
* Business Day
Day 7***
Payments Due to QSEs with Load
Day 0*
Slide 10
Day-Ahead Market: Statements
Slide 11
Day-Ahead Market: Statements
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
DAM
Day-Ahead Market
Statement
Day Ahead QSE Statement – Energy
Day Ahead CRRAH Statement
Slide 14
Day-Ahead Market: Statements
Day-Ahead Market Settlement Timeline
*Must be a Business Day or move to next Business Day
Operating Day Day 2*
Day Ahead
DAM Statement
Posted
Day 1*
Slide 15
Real-Time Market: Statements
Slide 16
Real-Time Market: Statements
Real-Time Market Statements
Statement Receiving
Entity Timeframe Contents
Real-Time
Market QSE Daily •Participation in Real-Time
Real-Time
Real-Time Market
Statement
Real-Time Statement – Real-Time Energy
Slide 18
Real-Time: Statements
Real-Time Settlement Timeline
*Must be a Business Day or move to next Business Day
Day 180*
Operating Day
Day 5*
Initial Statement
Final Statement
True-Up Statement
Day 55*
Slide 19
Settlement Invoices
Slide 20
Settlement Invoice
Single Daily Settlement Invoice
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
Settlement Invoice Settlement
Invoices Late Fee Invoice
Slide 21
Settlement Invoice
Settlement Invoice Timeline
Invoice Day + 2
Invoice Day + 3
ERCOT Issues Invoice • DAM • RTM Initial • RTM Final • RTM True-up
Payment Due (to ERCOT)
Payment Due (to Market Participant)
Invoice Day
1700 1700
Slide 23
Settlement Invoices
Late Fee Invoice Daily Settlement
Invoice Settlement
Invoices Late Fee Invoice
Invoice Receiving
Entity Timeframe Contents
Late Fee Invoice
Recipients
10th day
after end of
the Month
Late fee for unpaid Settlement
Invoices or Default Uplift
Invoices
Slide 25
CRR Balancing Account Invoices
CRR Balancing
Account Invoice
CRR Balancing Account
Slide 26
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
Load
Monthly •Disbursement of remaining
Balancing Account funds
CRR Balancing Account Invoices
Balancing Account QSE Invoice
Slide 29
Default Uplift Invoices
Defaults
Default Uplift
Invoice
Slide 30
Default Uplift for DAM or Real-Time
Invoice Receiving
Entity Timeframe Contents
Uplift Invoice QSE or
CRRAH
Short Pay +
180 Days
•Collects Short-Pay if no
payment plan
•Pays to recipients previously
short-paid
Defaults
Default Uplift
Invoice
Default Uplift Invoices
Slide 31
Miscellaneous Invoices
Misc.
Miscellaneous
Invoice
Slide 32
Miscellaneous Invoices
Miscellaneous Invoice
Invoice Receiving
Entity Timeframe Contents
Miscellaneous All Market
Participants As Needed •Miscellaneous items
Misc. Miscellaneous
Invoice
Slide 33
Statements & Invoices
CRR Auction Invoice
CRR Auction
CARD Invoice
CRR Balancing
Account Invoice CRR Balancing
Account
Misc. Miscellaneous
Invoice
Defaults Default Uplift
Invoice
DAM
Day-Ahead Market
Statement
Real-Time
Real-Time Market
Statement
Settlement Invoice Settlement
Invoices Late Fee Invoice
Slide 34
Module Summary
$ Describe Nodal Statements &
Invoices
$ Describe the timelines for
Statements and Invoices.
Day 3
Real-Time
Statements &
8:30 A
1:00 P
Invoicing
Course Conclusion
Slide 36
Course Topics
• Charges and Payments for CRRs
RUC
Commitment
• Make-Whole
• Clawback
DAM Commitment
• Make-Whole
DAM
Participation in DAM
• Energy
• AS
• PTP Obligations
Settlement of CRRs
purchased in the
Auction
Reconcile CRR
Short payments
CRR Balancing
Account
CRR Auction
• Revenue
Distribution
Decommitment
Real-Time Real-Time Activities
• Imbalances
• Base Point Deviations
• Other odds & ends
Settlement of PTP
Obligations purchased in
the DAM
Revenue Neutrality
Supplemental Ancillary
Services Market (SASM)
Slide 37
Additional Resources
ERCOT Website
http://www.ERCOT.com
ERCOT Protocols
http://www.ercot.com/mktrules/nprotocols/
Market Education
http://www.ercot.com/services/training/
Market Education Contact