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ERCOT Says Favorable Budget Revisions Would Support Lower Increase In System Admin.
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ERCOT said in an updated filing at the Texas PUC that an updated favorable financial variance since its budget proposal was presented to the ERCOT Board this summer, "should enable reduction of ERCOT’s system administration fee rate request from $0.710 per
MWh to $0.690 per MWh."
Since the June 20, 2023 Board approval of ERCOT’s proposed 2024/2025 budget and
system administration fee rate, the full-year 2023 favorable financial variance has increased by
$36.2 million
"Incorporation of this $36.2 million additional favorable financial variance for 2023 into the system
administration fee revenue requirement calculation in the existing 2024/2025 budget proposal
should enable ERCOT to satisfy 2024/2025 budget requirements with a system administration fee
rate increase on January 1, 2024 from $0.555 per MWh to $0.690 per MWh, rather than $0.710
per MWh," ERCOT said
ERCOT had originally proposed to set the system admin fee at $0.710 per MWh for two years (2024-25) with the intention that the new rate would further remain in effect through 2027
ERCOT has presented additional materials for PUC consideration, including a schedule that shows ERCOT’s proposed four-year system
administration fee rate both as-filed at $0.710 per MWh and as-revised at $0.690 per MWh;
Docket 38533
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October 20, 2023
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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