Forward Capacity Market Charge

What is the Forward Capacity Market Charge?

The Forward Capacity Market (FCM) Charge is the allocation of the total Forward Capacity Market Credit adjusted for Demand Resource performance penalties collected in excess of Demand Resource performance incentives.

In what document(s) do I find details about the Forward Capacity Market Charge?

Primary provisions for the Forward Capacity Market Charges are included in, but not limited to Market Rule 1, Section III.13.7.3

Who can expect to incur a Forward Capacity Market Charge?

Market Participants with a Capacity Load Obligation

A Market Participant with a Capacity Load Obligation for the Obligation Month shall be subject to a charge based upon its Capacity Load Obligation in the Capacity Zone and the applicable Net Regional Clearing Price (NRCP). An FCM Charge may be a positive or negative value.

Related Standard Settlements

N/A

Related Billing Adjustments

N/A

Bill Detail

The monthly bill detail contains a single line item for the charge entitled "Forward Capacity Market Charge."

Reports

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 Preliminary Capacity Requirement Report

SD_FCMPRECAPREQ Participant preliminary capacity requirement, based upon the capacity requirement on the first day of the previous obligation month. Issued in the month prior to the settlement obligation month.

Forward Capacity Market Capacity Load Obligation Settlement Detail Report

SD_FCMCLOSTLDTL Participant capacity requirement and capacity load obligation values, based upon peak contribution values submitted for the obligation month. Issued in the month following the settlement obligation month and with the resettlement billing.

Related Calculation Summary

FCM Peak Load Calculation Summary

Installed Capacity Monthly Requirement Lead Asset Owner Detailed Report

SD_FCMMTHREQLAOWNER Peak contribution values submitted for the obligation month, issued to the Lead Asset Owner in the month following the settlement obligation month.

Forward Capacity Market Net Supply Credit Details

SD_FCMNSCDTL Details of Forward Capacity Market supply credits, Issued to the Lead Market Participant for the Resource on a monthly basis and with the resettlement billing.

Forward Capacity Market Net Regional Clearing Price Summary

SR_FCMNRCPSUM Capacity zone Net Regional Clearing Price summary, issued on a monthly basis with the initial settlement and with any resettlements.

Forward Capacity Market Settlement Summary Report

SR_FCMSTLSUM Summary of Forward Capacity Market credits and charges, issued in the month following the settlement obligation month.

Related Calculation Summary

FCM Charges Calculation Summary

FERC EQR

N/A

Additional Related Materials


ISO News Issue 191 - ISO New England to Release New Daily Financial Position Report

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