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What are the changes to credit in the Nodal Market and will ERCOT be accepting guarantees or just letters of credit?

April 26, 2017accepting changes credit ercot guarantees letters market nodal

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What are the changes to credit in the Nodal Market and will ERCOT be accepting guarantees or just letters of credit?

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Please refer to Section 16.11 of the Nodal Protocol for requirements. ERCOT accepts cash, guarantee agreements, LCs, and surety bonds to complete satisfy credit requirements.