module 7 statements & invoices · 2016. 10. 5. · invoice. dam. day-ahead market statement....

Module 7

Statements & Invoices

2

• 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

3

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

4

CRR Auction Invoices

CRR Auction

CARD Invoice

CRR Auction Invoice

5

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

7

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

9

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 **

10

Day-Ahead Market: Statements

DAM

Day-Ahead Market Statement

11

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

14

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

15

Real-Time Market: Statements

Real-Time

Real-Time Market Statement

16

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

18

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

19

Settlement Invoices

SettlementInvoices

20

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

21

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

23

CRR Balancing Account Invoices

CRR BalancingAccount

CRR Balancing Account Invoice

24

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

27

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

29

Miscellaneous Invoices

Misc.

Miscellaneous Invoice

30

Miscellaneous Invoice

Miscellaneous Invoices

Invoice Receiving Entity Timeframe Contents

Miscellaneous All Market Participants As Needed • Miscellaneous items

Misc.Miscellaneous

Invoice

31

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

32

Module Summary

$ Describe Nodal Statements & Invoices

$ Describe the timelines for Statements and Invoices.

Day 3

Real-Time

Statements &

Invoicing

Course Conclusion

34

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 ContactTraining@ercot.com

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 ContactTraining@ERCOT.com

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