OTCPK:JENGQ - Post by User
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GaillardDeshaieon Mar 13, 2021 9:04am
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Post# 32792324
Just Energy not alone
Just Energy not aloneI found this on ERCOT web site. This short payment failure.
NOTICE DATE: March 11, 2021
NOTICE TYPE: W-B031121-01 Settlements
SHORT DESCRIPTION: Short Payments for Failure to Make Invoice Payments
INTENDED AUDIENCE: QSE and CRRAH Settlement Personnel
DAY AFFECTED: Settlement Invoices due for payout on March 11, 2021
LONG DESCRIPTION: Qualified Scheduling Entities (QSEs) and Congestion Revenue Right Account Holders (CRRAHs) that are owed monies from ERCOT on Settlement Invoices due for payout on March 11, 2021, will notice that the amount of funds transferred is short of the balance payable on the Settlement Invoices.
ERCOT initiates the short payment procedure when a Market Participant fails to make a complete payment for Settlement Invoices. Several Market Participants failed to make full payments for Settlement Invoices that were due on March 10, 2021.
In accordance with ERCOT Protocol Section 9.19, ERCOT will draw from available Financial Security provided by short-paying Market Participants. Funds received from Financial Security will be allocated to short paid Invoice Recipients as soon as possible. Furthermore, ERCOT will deduct any applicable ERCOT Administrative fees, payments for Reliability-Must-Run (RMR) services, and the CRR Balancing Account from the amount received, and then reduce payments to all Invoice Recipients owed monies. The reductions will be made on a pro-rata basis of monies owed to each ERCOT creditor to the extent necessary to clear ERCOT's accounts on the payment date to ensure revenue neutrality for ERCOT.
| Invoice Payout Date: | March 11, 2021 |
| Operating Dates: | DAM 03/04/2021 |
| | RTM Initial 03/01/2021-03/03/2021 RTM Resettlement 02/19/2021 |
| | RTM Final 01/10/2021-01/12/2021 |
| | RTM Trueup 09/07/2020-09/09/2021 |
| Total Amount Short to Market: | $53,343,421.05 |
| Total Amount Paid Out to Market: | $284,833,901.68 |
| Invoice Recipient | Total Amount of Short Pay |
| Brazos Electric Power Co-op Inc | $7,255,206.29 |
| Bulb US LLC | $323,173.94 |
| Energy Monger LLC | $164,417.14 |
| Entrust Energy Inc | $3,695,480.98 |
| GB Power LLC | $269,454.83 |
| Griddy Energy LLC 1 | $395,477.25 |
| GridPlus Texas Inc | $119,475.83 |
| Hanwha Energy USA Holdings Corp DBA 174 Power Global | $1,967,891.66 |
| ILUMINAR ENERGY LLC (QSE) | $1,892,299.42 |
| MQE LLC (QSE) | $368,511.67 |
| Rayburn Country Electric Cooperative Inc | $36,376,543.24 |
| Volt Electricity Provider LP | $515,488.80 |