The Forward Capacity Market (FCM) charge is the allocation of the total Forward Capacity Market credit.
Primary provisions for the Forward Capacity Market charges are included in, but not limited to Market Rule 1, Section III.13.7.5
A market participant with a capacity load obligation for the obligation month is subject to a charge based on its capacity load obligation in the capacity zone and the applicable net regional clearing price (NRCP). The FCM charge line item can be a credit due to the combination of reconfiguration and bilateral activity and Hydro-Québec Interconnection Capability Credits (HQICC).
The monthly bill detail contains a single line item for the charge entitled "Forward Capacity Market Charge."
BL_DAILYPOSITION Daily financial position, including all market service settlements and miscellaneous billing adjustments generated on a daily basis, issued to all active customers registered as a participant or nonparticipant.
SD_FCMPRECAPREQ Participant preliminary capacity requirement based on the capacity requirement on the first day of the previous obligation month, issued in the month before the settlement obligation month.
SD_FCMCLOSTLDTL Participant capacity requirement and capacity load obligation values based on peak contribution values submitted for the obligation month, issued in the month following the settlement obligation month and with the resettlement billing.
SD_FCMMTHREQLAOWNER Peak contribution values submitted for the obligation month, issued to the lead asset owner in the month following the settlement obligation month.
SD_FCMNSCDTL2 Details of Forward Capacity Market supply credits, issued monthly to the lead market participant for the resource with the resettlement billing.
SR_FCMNRCPSUM Capacity zone net regional clearing price summary, issued monthly with the initial settlement and with any resettlements.
SR_FCMSTLSUM Summary of Forward Capacity Market credits and charges, issued in the month following the settlement obligation month.
SP_MDO Summary of Delayed Commercial Resource Pre-ARA3 Maximum Demonstrated Output, issued once a year in the month of February.
FCM Forecast NRCP. These forecasts are designed to assist customers in estimating the NRCP and effective charge rate in the Forward Capacity Market. These rates are estimates only and will not equal the actual rates the ISO will use to settle the market. The forecasts can be found by clicking the link, navigating to the Document Type filter, and clicking the box for FCM Forecasted Net Regional Clearing Price.