Each resource will be paid individually.

For composite offers, the PER adjustment applies to the resource fulfilling the supply obligation in that month.

Yes, a monthly PER rate will be calculated for each capacity zone that experiences price separation in the FCA. If no price separation occurs, the real-time Hub locational marginal price (LMP) will be used in the PER rate calculation for the region. A monthly PER rate will only be calculated when the applicable real-time LMP exceeds the PER strike price of the proxy unit.

The energy market provides the incentive for generators to produce as much energy (and capacity) as possible. Any resources that underperform during shortage events will receive reductions in capacity payments. Resources with a capacity obligation that provide energy during shortage events will receive payments based on their output during the hour.