Market Credit Working Group update to the Wholesale Market Subcommittee 9/27/2017.

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Presentation transcript:

Market Credit Working Group update to the Wholesale Market Subcommittee 9/27/2017

MCWG update to WMS Joint meeting of MCWG and CWG on Wednesday, September 20th 1 NPRR reviewed for credit impacts No credit impact CRR Auction Credit Calculator Option 1 – Better information on ERCOT website – update calculation methodology Option 2 – ERCOT to provide calculator outside of CRR system Option 3 – CRR Calculator (vendor solution)

MCWG update to WMS Credit Exposure Update Changes from May-June 2017 to July-August 2017 Number of active Counter-Parties increased from 204 to 213. 6 new Traders and 3 new Load Only entities. Market-wide TPE decreased from 365 million to 331 million. Excess Collateral increased from 1,566 million to 1,628 million. TPE of CRR Only and Trader category as a percentage of Total TPE increased by 1.57% and 1.61% . Excess Collateral for Load and Gen increased by $48 million.

MCWG update to WMS Approved Revision / Change Requests * Estimated Target Release Date is May 2018 (will be firmed up in the near future)

MCWG update to WMS North Maple ADR ERCOT Credit Discretion and Timing How could/should future events be handled differently?