ERCOT Issues Short Payment Notice For Invoices Due For Payout On March 4
March 4, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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ERCOT issued a market notice stating that, "Qualified Scheduling Entities (QSEs) and Congestion Revenue Right Account Holders (CRRAHs) that are owed monies from ERCOT on Settlement Invoices due for payout on March 4, 2021, will notice that the amount of funds transferred is short of the balance payable on the Settlement Invoices."
The Total Amount Short to Market was $164,751.95
ERCOT initiates the short payment procedure when a Market Participant fails to make a complete payment for Settlement Invoices. Several Market Participants failed to make full payments for Settlement Invoices that were due on March 3, 2021.
In accordance with ERCOT Protocol Section 9.19, ERCOT will draw from available Financial Security provided by short-paying Market Participants. Funds received from Financial Security will be allocated to short paid Invoice Recipients as soon as possible. Furthermore, ERCOT will deduct any applicable ERCOT Administrative fees, payments for Reliability-Must-Run (RMR) services, and the CRR Balancing Account from the amount received, and then reduce payments to all Invoice Recipients owed monies. The reductions will be made on a pro-rata basis of monies owed to each ERCOT creditor to the extent necessary to clear ERCOT's accounts on the payment date to ensure revenue neutrality for ERCOT.
The March 4, 2021 Invoice Payout Date reflects the DAM for 02/25/2021, RTM Initial for 02/22/2021 - 02/24/2021, as well as final and true-ups for earlier periods
ERCOT listed short paying entities related to the invoices due out on March 4 as follows (Amount of Short Pay listed):
Energy Monger LLC - $7,996.48
Entrust Energy INC - $78,983.89
GB Power LLC - $14,749.60
"Other, attributable to meter read timing" - $63,021.98