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.126.96.36.199.5 (b).
Reliability credits are paid to a market participant based on the capacity supply obligation megawatts of a resource with an RFR obligation from the FCA.
Reliability credits are paid to a market participant when a resource received capacity supply obligation megawatts in the FCA, requested the megawatts to be prorated, and was denied the request.
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 nonparticipant
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.