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Updated: Alliance Power Company Has Paid The Invoices

New Retail Electric Provider Listed In Latest ERCOT Short-Pay Notice

March 9, 2021

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Copyright 2010-21
Reporting by Paul Ring •

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Updated, 3/10:

Alliance Power Company said that it has paid the invoices

Earlier, 3/9:

ERCOT issued a short payment notice related to Settlement Invoices due for payout on March 9, 2021

Among the entities listed as short-paying was Alliance Power Company LLC, which had not previously been listed as a short-paying entity in notices related to invoices for prior days

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 8, 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 9, 2021 Invoice Payout Date reflects the following Operating Dates: DAM 03/02/2021; RTM Initial 02/27/2021; RTM Resettlement 02/15/2021; RTM Resettlement 02/16/2021; RTM Final 01/08/2021; RTM Trueup 09/05/2020

The Total Amount Short to Market was $352,833,720.46

The entities listed by ERCOT as short-paying were as follows (amount of short payment listed):

Alliance Power Company LLC - $1,452,662.62

Brazos Electric Power CO OP INC - $47,316,895.06

Bulb US LLC - $1,301,557.62

Energy Monger LLC - $611,303.77

Entrust Energy INC - $11,229,393.58

GB Power LLC - $893,430.31

Griddy Energy LLC 1 - $1,785,867.23

GridPlus Texas INC - $438,257.29

Hanwha Energy USA Holdings CORP DBA 174 Power Global - $2,913,254.20

Iluminar Energy LLC - $7,013,818.53

MQE LLC - $1,001,838.09

Rayburn Country Electric Cooperative INC - $275,204,298.30

Volt Electricity Provider LP - $1,671,143.86

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