ERCOT has submitted Nodal Protocol Revision Request (NPRR 800), Revisions to Credit Exposure Calculations to Use Electricity Futures Market Prices, which would use futures prices in certain credit exposure calculations

More specifically, NPRR 800 would revise the Real-Time Liability Extrapolated (RTLE) and Day-Ahead Liability Extrapolated (DALE) factors used in the Counter-Party Estimated Aggregate Liability (EAL) and Minimum Current Exposure (MCE) calculations to use electricity futures mark-to-market prices for estimating forward risk.

EnergyChoiceMatters.com

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