|
|
|
|
ERCOT Proposes Reduction in Cure Period
ERCOT has proposed Nodal Protocol Revision Request (NPRR) 612 to reduce the cure period for failure to make payment or transfer funds, provide collateral or designate/maintain an association with a Qualified Scheduling Entity (QSE).
Specifically, such cure period would be reduced to one business day subsequent to written notification of the breach. Currently, the cure period is two days.
In addition, the NPRR clarifies that an invoice payment from available security will be considered a late payment per Protocol Section 16.11.6.
ERCOT said that implementation of the NPRR is expected to have positive credit implications in that it reduces the default time period, and therefore the associated credit risk
Reducing the cure period allows reduction of the collateral posted by Counter-Parties to cover their risk during the cure period, ERCOT said.
ADVERTISEMENT Search for more retail energy careers: Copyright 2010-
March 28, 2014
Email This Story
Copyright 2010-13 EnergyChoiceMatters.com
Reporting by Karen Abbott • kabbott@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Analyst, Trading and Supply Operations -- Retail Supplier -- Houston
• NEW! -- Analyst - Energy & Operations -- Retail Supplier -- New York
• NEW! -- Vice President Risk Management -- Retail Supplier -- New York
• NEW! -- Business Development Manager, Broker Sales -- Retail Provider -- Houston
• NEW! -- Manager, Channel Sales -- Retail Provider
• Regional Sales Manager, Texas -- Retail Supplier -- Houston
• Regional Sales Manager -- Retail Provider -- PA, NY, IL, Various
• Operations Specialist – Market Transactions -- Houston
RetailEnergyJobs.com
|
|
|