What is the FCM Reliability Credit?
The Forward Capacity Market (FCM) Reliability Credit is a payment to Resources retained for reliability (RFR) based on the Resource's Capacity Supply Obligation (CSO) retained for reliability and the difference between the Resource's delist bid price or cost-of-service rate as approved by the Federal Energy Regulatory Commission (FERC) and the Forward Capacity Auction (FCA) clearing price.
In what document(s) do I find details about the FCM Reliability Credit?
Primary provisions for the Forward Capacity Market Reliability Charge are included in, but not limited to Market Rule 1, Section III.188.8.131.52.5 (b).
Who can expect to incur an FCM Reliability Credit?
Market Participants with a Resource Retained for Reliability
Reliability credits are paid to the Market Participant based upon the Capacity Supply Obligation MWs of the Resource that has an obligation type from the FCA of "RFR".
Related Standard Settlements
Related Billing Adjustments
The monthly bill detail contains a single line item for the reliability credits entitled "FCM Reliability Credit."
Daily Financial Position Report
BL_DAILYPOSITION Daily financial position including all market service settlements and miscellaneous billing adjustments generated on a daily basis; and, issued to all active customers registered as a Participant or Non-Participant.
Forward Capacity Market Reliability Detail Report
SD_FCMRELIABILITYDTL Issued in the month following the settlement obligation month.
Related Calculation Summary
Forward Capacity Market Reliability Credits are reported on the SP_EQR Report issued to the Lead Market Participant for the Resource, available on a monthly basis one month after the given settlement, as referenced in the FERC Electric Quarterly Reporting (EQR) mapping line item Forward Capacity Market - FCM Reliability.