Product Provisions for Use with the EEI Master Contract

Below are optional provisions for use with the EEI Master Contract. Other optional provisions are available.

ERCOT Seller's Choice Language

The optional ERCOT Seller’s Choice Language is an attempt to provide clarity around the obligations of a Buyer and Seller of electricity when they enter into an “ERCOT Seller’s Choice” product. Some of the more useful features of the Language include clear scheduling timeframes which Seller must adhere to in designating the Delivery Point for a given day, as well as Buyer’s remedies if Seller fails to designate the Delivery Point by the relevant deadline.   The Language addresses not only the current ERCOT zonal structure but also the upcoming LMP market structure.

Word  | PDF 

ERCOT Delivery Point Language

The optional ERCOT Delivery Point Language is an attempt to provide clarity and certainty to the obligations of a buyer and seller of electricity if and when ERCOT redrafts ERCOT Congestion Zone boundaries or if and when LMP is introduced in ERCOT, based on the information that is available today.

• UPDATED ERCOT (LMP-EEI) Background and Explanation of the Optional Language Version 1.1: 
  Word   | PDF 
  • PREVIOUS ERCOT (LMP-EEI) Background and Explanation of the Optional Language Version 1.0: 
    Word  PDF 
• ERCOT Houston (LMP-EEI) Delivery Point Language: Word   |PDF 
• UPDATED ERCOT North (LMP-EEI) Delivery Point Language Version 1.1:
  Word   | PDF 
  • PREVIOUS ERCOT North (LMP-EEI) Delivery Point Language Version 1.0:
    Word  | PDF 
• ERCOT Northeast (LMP-EEI) Delivery Point Language: Word   | PDF 
• UPDATED ERCOT South (LMP-EEI) Delivery Point Language Version 1.1:
  Word   | PDF 
  • PREVIOUS ERCOT South (LMP-EEI) Delivery Point Language Version 1.0: 
    Word  | PDF 
• ERCOT West (LMP-EEI) Delivery Point Language: Word  | PDF 

SP15/NP15 Delivery Point Definition

The optional SP15/NP15 Delivery Point Definition is an attempt to provide clarity and certainty to the obligations of a buyer and seller of electricity if and when LMP is introduced in California based on the information that is available today.

• SP15 /NP15 (LMP-EEI) Delivery Point Definitions - Discussion of Optional Provisions: Word  | PDF 
• SP15 (LMP-EEI) Delivery Point Definition: Word  | PDF 
• NP15 (LMP-EEI) Delivery Point Definition: Word  | PDF 

Capacity Products

These definitions faciliate the trading of regional capacity products.

• ISO NE ICAP: Word  | PDF 
• NYISO UCAP: Word  | PDF 
• PJM Capacity Credits: Word  | PDF 
• PJM Non-Unit Specific Capacity Version 1.1: Word | PDF  |  Word with Redline

This definition is intended to facilitate the trading of non-unit specific capacity products in PJM on and after June 1, 2007 when PJM implements its Reliability Pricing Model (RPM) capacity market.  Version 1.1 updates the product definition as a result of changes made by PJM to the RPM Business Rules that (1) address default to PJM by either buyer or seller and (2) update the list of pricing points.  

"CAISO Energy"

An optional definition may be used with the Master Contract for transactions involving energy delivered at a California Delivery Point. This traded product is commonly known as "CAISO Energy." The following
entities have agreed to use this definition: American Electric Power, Calpine, Constellation Power Source, Dynegy, Edison Mission Energy, El Paso Merchant Energy, Enron, Mirant, PG&E National Energy Group, Reliant Energy Services, Southern California Edison, Tractebel, and the Williams Companies.

• Word  | PDF 

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