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.
Primary provisions for the Forward Capacity Market Reliability Charge are included in, but not limited to Market Rule 1, Section III.18.104.22.168.5 (b).
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".
Reliability credits are paid to the Market Participant when a Resource received Capacity Supply Obligation MWs in the FCA, requested the MWs be prorated, and the request was denied.
The monthly bill detail contains a single line item for the reliability credits entitled "FCM Reliability Credit."
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.
SD_FCMRELIABILITYDTL Issued in the month following the settlement obligation month.
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.