BOD June 19 Meeting Update - Nodal Highlights
During the June 19 meeting of the ERCOT Board of Directors (BOD), Nodal Program Director Jerry Sullivan presented a comprehensive overview including program status, program change control, market readiness, and nodal spending.
The presentation included the following highlights:
- The program remains at overall amber status with scope/quality improving following recent change control baseline
- The program remains focused on a 12/01/2008 delivery date, sequenced into four major market trials
- Goals and characteristics of readiness metrics:
- Goals of readiness metrics
- Encourage early participation
- Minimize delinquency
- Inform market of readiness declarations
- Motivational tool for market as a whole
- Characteristics of readiness metrics
- Easy to understand - linked to Transition Plan where possible
- Easy to calculate - simple roll-up and grading rules
- Easy to communicate - red, amber, green
- Incorporates market participant self reporting and ERCOT observability
- Timing of readiness metrics
- Progressive measurement through the readiness sequence
- Forwarding looking, including lead indicators